finance and cryptocurrency, Top stories

World Meteorological Organization: The possibility of La Nina in the next three months is more than 50%. The latest forecast released by the World Meteorological Organization on the 11th shows that the possibility of La Nina in the next three months is more than 50%. It is expected that the intensity of La Nina will be weak and the duration will be short. According to the introduction of the World Meteorological Organization, the current El Niñ o/Southern Oscillation (ENSO) index is in a neutral state, which is neither El Niñ o nor La Nina. According to the forecast, from December 2024 to February 2025, the possibility of changing from the current neutral state to La Nina phenomenon is 55%. The forecast also shows that from February to April 2025, the possibility of returning to neutral state is 55%. (Xinhua News Agency)Sixty-two kinds of drugs entered the centralized procurement. The tenth batch of centralized procurement was organized by the state, and the tenth batch of centralized procurement was opened in Shanghai on December 12, resulting in the result of quasi-selection. 62 kinds of drugs were successfully purchased, and 385 products from 234 enterprises were qualified for quasi-selection, involving hypertension, diabetes, tumors, cardiovascular and cerebrovascular diseases and other fields. The results of the proposed selection will be officially released after publicity. Since 2018, the National Medical Insurance Bureau has organized 10 batches of state-organized drug collection with relevant departments, and successfully purchased 435 kinds of drugs. (Xinhua News Agency)Analysis: The initial application data in the United States unexpectedly rose, and the number of initial jobless claims in the United States unexpectedly rose last week. The number of people receiving unemployment benefits continued to increase at the end of November compared with the beginning of the year, due to the cooling of labor demand. The US Department of Labor announced on Thursday that as of the week of December 7, the number of initial jobless claims increased by 17,000 to 242,000 after seasonal adjustment. Economists had expected that the number of initial jobless claims last week was only 220,000. The jump in initial jobless claims last week may reflect the fluctuation after the Thanksgiving holiday, but it may not mark a sudden change in the job market. The number of initial jobless claims may still fluctuate in the next few weeks, which may make it difficult to understand the job market clearly.

After the US PPI and initial application data were released, the price of gold dropped further. After the US PPI and initial application data exceeded expectations, the price of gold continued to decline. Paul Ashworth, a macro analyst at Kaitou, said: "The components of PCE favored by the Federal Reserve are generally weak, and the CPI data released yesterday indicate that the monthly rate of core PCE will only increase slightly by 0.03%. Now it seems that the Fed is more likely to continue to cut interest rates by 25 basis points next week. " At the same time, the number of initial jobless claims increased by 17,000 last week, the highest level since mid-October last year, while economists expected a decrease of 4,000 to 220,000.The number of people applying for unemployment benefits for the first time in the week of December 7 in the United States was 242,000, with an expected number of 220,000 and a previous value of 224,000. In the United States, the number of people applying for unemployment benefits in the week ending November 30 was 1.886 million, with an expected 1.875 million and a previous value of 1.871 million.Central Economic Work Conference: Deepen the comprehensive reform of capital market investment and financing, and open up the blocking points of medium and long-term funds entering the market. The Central Economic Work Conference was held in Beijing from December 11 to 12. The meeting proposed to give play to the traction role of economic system reform and promote the implementation of landmark reform measures. High-quality completion of the deepening and upgrading of state-owned enterprise reform, the introduction of private economy promotion law. Carry out special actions to standardize law enforcement involving enterprises. Formulate guidelines for the construction of a unified national market. Strengthen supervision and promote the healthy development of platform economy. Make overall plans to promote the reform of the fiscal and taxation system and increase local independent financial resources. Deepen the comprehensive reform of investment and financing in the capital market, open up the blocking points of medium and long-term funds entering the market, and enhance the inclusiveness and adaptability of the capital market system.

The Dow Jones Industrial Average was last reported at 44,200.59, up 0.12% in the day.Central Economic Work Conference: Expanding high-level opening to the outside world and stabilizing foreign trade and foreign investment. The Central Economic Work Conference was held in Beijing on December 11th and 12th. The meeting proposed to expand independent opening and unilateral opening in an orderly manner, steadily expand institutional opening, promote the free trade pilot zone to improve quality and efficiency and expand the reform mandate, and accelerate the implementation of the core policy of Hainan Free Trade Port. Actively develop service trade, green trade and digital trade. Deepen the reform of foreign investment promotion system and mechanism. We will steadily open up the service industry, expand pilot projects in the fields of telecommunications, medical care and education, and continue to build the brand of "Invest in China". Promote high-quality joint construction of the "Belt and Road", deepen and improve the overseas comprehensive service system. (Xinhua News Agency)Wal-Mart Nuclear Materials: 224G high-speed communication line products have been delivered stably in batches, and Wal-Mart Nuclear Materials has released a record of investor relations activities. The company's demand for high-speed communication line orders continues to grow, and the machines are running at full capacity. It is expected that a number of key equipment will arrive in 2025. The 224G high-speed communication line products of Le Ting Zhilian, a subsidiary, have been delivered to direct customers in batches. In addition, the company's subsidiary has established a long-term and stable supply cooperation relationship with Huawei and signed a confidentiality agreement with it.