decentralization currency Top Knowledge

The bets on the Fed's interest rate cuts have increased substantially, driven by Morgan Stanley's blessing. With Morgan Stanley's blessing, the scale of bets on the Fed's interest rate cuts in December and January has increased significantly. The number of January and February contracts held by traders soared on Friday. Morgan Stanley strategists suggested buying the February contract in a report. "We believe that investors should prepare for the increase in the implied probability of a 25 basis point interest rate cut at the FOMC meeting on January 29th," the strategist led by Matthew Hornbach said in a report. Suggested methods for this layout include buying February federal funds contracts and receiving overnight index swap rates corresponding to the January meeting, they wrote.The commodity currency NZD/USD rose by 1.0% to 0.5886.African stock market | The South African stock index closed up by about 0.9%, and the Rand rose by over 1.5%. On Monday (December 9), the FTSE /JSE Africa Leading 40 tradable index closed up by 0.87% to 79,049.13 points, approaching the closing position of 79,132.88 points on October 29, and the highest closing position of 79,510.60 points on September 27. Sibanye Stillwater, a constituent stock, closed up by 5.96%, EXX, a large coal and heavy mineral mining company, closed up by 5.91%, and HAR.SJ, a harmony gold company, rose by 4.92%, which broke away from the lowest closing position since September 11th and reached a record high on October 22nd. Glencore (GLN) rose by 3.97% and Jintian. At present, the South African rand has closed up more than 1.5% against the US dollar, temporarily reporting 17.7385 rand, approaching the top of 17.5609 rand on November 11, and once fell back to 18.3951 rand on November 14.

Turkish President Erdogan: The Syrian people are our brothers and sisters, no matter what class they come from or what religion they believe in.The wholesale inventory in the United States rebounded slightly in October, and the wholesale inventory in the United States rebounded moderately in October due to the slight increase in durable goods inventory. According to published data, wholesale inventories increased by 0.2% in October. As enterprises hoard goods for fear of tariff increase, inventories may increase in the coming months. In terms of breakdown, the inventory of durable goods increased slightly by 0.1%, boosted by the inventory of furniture, professional equipment and wood wholesalers. However, automobile inventory decreased by 0.1% and electrical inventory decreased by 1.0%. The inventory of non-durable goods increased by 0.3%, and the inventory of groceries and medicines increased strongly. Wholesale sales decreased by 0.1% in October after increasing by 0.5% in September. According to the sales speed in October, it may take wholesalers 1.34 months to clear the shelves, which is the same as that in September.Syrian opposition sources said that the United States and Turkey reached an agreement that the Kurdish Syrian armed forces supported by the United States would safely evacuate the besieged town of Mambiji.

Offshore RMB rose above 7.26 against the US dollar, and currently rose by over 250 points in the day, with an increase of 0.35%.Syrian Foreign Minister: Assad has been proposed to start the political process in Syria. Syrian Foreign Minister Bassam al-Sabbag said on the evening of 9th local time that he had proposed to Assad to start the political process in Syria, but Assad did not comment on this. (CCTV)New energy vehicle stocks in China rose, with Weilai rising by 14.43%. On Monday, new energy vehicle stocks in China rose, Weilai rose by 14.43% and LI rose by over 10%. In the news, according to the data of the Association, the national passenger car market retail sales in November was 2.423 million, up 16.5% year-on-year and 7.1% quarter-on-quarter. Since the beginning of this year, the cumulative retail sales have reached 20.257 million vehicles, a year-on-year increase of 4.7%. In November, the domestic retail sales of new energy passenger cars reached 1.268 million, a year-on-year increase of 50.5%.