Market News: HSBC evaluates the retail banking business outside the UK and Hong Kong.Sources: A few ECB policymakers initially hoped to cut interest rates by 50 basis points. Three sources said that several ECB policymakers initially hoped to cut interest rates more sharply on Thursday, and they were worried that the new US tariffs would hinder economic growth. The European Central Bank cut interest rates by 25 basis points on Thursday, and opened the door for more easing policies, as the euro zone economy was dragged down by domestic political instability and the threat of a new round of trade war in the United States. However, due to the low forecast of inflation and economic growth, about five of the 26 members of the official Committee initially advocated a 50 basis point interest rate cut. In particular, they pointed out that if the incoming Trump administration imposes new tariffs on the EU, the growth of economic output next year may be lower than the 1.1% expected by the European Central Bank. A small number of policy makers who called for greater interest rate cuts quickly gave in, adding that given the current uncertainty, people are reluctant to make a hasty decision.The U.S. House of Representatives passed a bill to expand the judiciary.
Italian 10-year bond yields rose 16 basis points to 3.35%, the biggest increase since April.The Dow Jones Industrial Average broke through the 44,000.00 mark, and the latest report was 43,999.94, down 0.34% in the day.Spot gold fell below $2,680 per ounce, down 1.38% in the day. COMEX gold futures fell 2.00% in the day and are now reported at $2701.50 per ounce.
Market News: HSBC evaluates the retail banking business outside the UK and Hong Kong.US National Security Adviser Sullivan: I believe we are close, but it is still unclear whether we will achieve a ceasefire; The Israeli government has expressed its wish to see an agreement, and we have seen Hamas's actions.On Thursday (December 12th), the overnight reverse repurchase agreements (RRP) of the Federal Reserve was 165.025 billion US dollars, compared with 180.120 billion US dollars in the last trading daily.