Zhuo Chuang Information: In December, the cost side kept moving down the soybean meal price or followed the seasonal decline law. According to Zhuo Chuang Information, looking back on the whole year of 2024, the center of gravity of soybean meal price showed a downward trend. In December, the price of Brazil's soybean premium was continuously lowered, and the spot price of soybean meal was further lowered under the pressure of the cost side. The problem of soybean customs clearance repeatedly traded in the market has limited impact on domestic supply, while the breeding end has started to slaughter one after another, which has a negative impact on the demand for soybean meal. Therefore, Zhuo Chuang Information predicts that the spot price of soybean meal may follow the seasonal law in December, showing a downward trend.Market News: Bain and GIC, the largest investment institution in Singapore, seek to sell shares of JUDO CAPITAL worth A $131 million.Computing hardware rebounded after the Dragon Boat Festival, Woer nuclear materials hit the daily limit, computing hardware rebounded after the Dragon Boat Festival, Woer nuclear materials hit the daily limit, Zhaolong Interconnect rose by over 10%, and Xinyisheng, Shenyu, Chuangyitong and Quéven Technology all rose by over 5%.
Cui Xiangmu, Minister of Planning and Finance of South Korea: South Korea has done its best to stabilize the exchange rate through smooth operation. Compared with the past crisis, the current foreign exchange market situation in South Korea is different. South Korea will not do anything that may damage the "safety net" of foreign exchange.The Central Finger Research Institute: In November, the price of second-hand houses in Beijing narrowed by 0.17 percentage points from the previous month. On December 11th, the Central Finger Research Institute released a map of the price of second-hand houses in the top ten cities in November 2024, showing that in November 2024, 18,763 sets of second-hand houses were sold in Beijing, up 8% from the previous month and 49.6% from the same period last year. The cumulative turnover from January to November increased by 8.2% compared with the same period last year. In terms of price, in November, the price of second-hand housing in Beijing fell by 0.12% month-on-month, narrowing by 0.17 percentage points from the previous month.Goldman Sachs believes that even if the dollar appreciates, the price of gold is expected to rise to a record high next year, and central banks may continue to increase their holdings of gold.
Burger King China: In November this year, the number of passengers turned positive year-on-year, and the sales in October increased by about 5% month-on-month. On December 11th, the relevant person in charge of Burger King China told reporters, "Since the government issued a package of incremental policies at the end of September, many chain catering enterprises including Burger King have felt the stabilization and recovery of the catering consumption market since October this year. Especially in the past November, Burger King has achieved a positive year-on-year passenger flow. " The aforementioned person in charge pointed out, "From the sales data, in the past six years, our sales in October were almost the same as that in September. However, in October this year, the sales of Burger King China rebounded from September, increasing by about 5%. " (The Paper)Morgan Asset Management: Trump's economic policy is generally beneficial to the US economy to maintain the "overweight" rating on US stocks and credit. Sheng Nan, global multi-asset strategist of Morgan Asset Management, said that it is expected that the economic policy of US President-elect Trump will be generally beneficial to the local economy, but the implementation order of specific policies will also determine the growth trajectory in the next two years. Sheng Nan mentioned that Trump pays more attention to deregulation and measures to boost finance by extending tax cuts, which will improve business confidence, open capital markets and accelerate growth and return on assets. However, if the focus is on immigration and tariff policies, the interruption of labor supply or trade may have negative consequences, inhibit economic growth and lead to asset market fluctuations. Sheng Nan believes that despite the above uncertainties, the US economy is expected to grow strongly next year, and the local GDP will not slow down to 2% until the fourth quarter of next year, so he maintains the "overweight" rating on US stocks and credit.Finance Minister of Thailand: The Cabinet approved a reduction of 0.23% in FIDF (Financial Institution Rehabilitation Fund) donations within three years.