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12/15 23:34
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The U.S. Labor Statistics Bureau announced that it will not release the Producer Price Index (PPI) data for October 2025 due to a funding interruption caused by a government shutdown. The October data will be published alongside the November PPI report on January 14, 2026.
President Trump stated that inflation is "essentially gone," asserting that prices have decreased significantly. He cautioned against the risks of deflation and criticized the previous Biden administration for the high inflation inherited by his team.
According to CME's FedWatch, there is an 89.4% probability that the Federal Reserve will cut rates by 25 basis points in December, with a 10.6% chance of maintaining current rates. The likelihood of a cumulative 25 basis point cut by January is 68.5%.
Despite expectations of a rate cut, the market's attention is on how the Fed will manage its balance sheet and whether it will inject new liquidity into the market. Analysts predict that the Fed may announce a plan to purchase Treasury bills starting in January.
The U.S. Commerce Department is set to allow Nvidia's H200 AI chips to be exported to China, as the White House believes previous restrictions have failed. This move could open a significant market for Nvidia's products.
The U.S. Supreme Court indicated it may support President Trump's ability to dismiss leaders of traditionally independent federal agencies, potentially affecting the Federal Trade Commission.
The Commodity Futures Trading Commission (CFTC) has initiated a pilot program allowing specific digital assets like Bitcoin and Ethereum to be used as collateral in the derivatives market.
Russia's Deputy Prime Minister Novak announced that restrictions on gold bar exports will take effect in 2026, aiming to control the flow of unregulated cash rubles.
The three major U.S. indices fell, with the Dow Jones down 0.45%, Nasdaq down 0.14%, and S&P 500 down 0.35%. Tesla dropped over 3%, while Nvidia rebounded nearly 2%.
Paramount has launched a hostile takeover bid for Warner Bros Discovery, offering $30 per share in cash. This move has led to significant stock fluctuations in both companies.
Xiaomi repurchased 480,000 shares for approximately HKD 204 million. Meanwhile, Northbound funds bought over HKD 1.54 billion in Hong Kong stocks, with significant purchases in Xiaomi and SMIC.
Investors should keep an eye on upcoming economic data, including the October JOLTs job openings report, as market dynamics continue to evolve amid regulatory changes and corporate actions.
