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Expert: The Central Economic Work Conference has determined that the tone of monetary policy in 2025 is "moderately loose". Dong Ximiao, the chief researcher of Zhaolian and a part-time researcher at the Institute of Finance of Fudan University, believes that the Central Economic Work Conference has determined that the tone of monetary policy in 2025 is "moderately loose" not only because of the analysis of the current economic situation, but also because of the full consideration of external uncertainties and the planning of economic work next year. Looking forward to the follow-up, in 2025, moderately loose monetary policy can continue to exert its strength in three aspects, which is more forward-looking, effective and targeted. First, it is necessary to intensify counter-cyclical and cross-cyclical adjustment, make pre-adjustment in an unconventional way, let policy adjustment go ahead of the market curve, help the macro economy smooth out cyclical fluctuations and external shocks, and show forward-looking; Second, continue to reduce the RRR and interest rates. In 2025, the RRR can be lowered by 0.5 percentage points, the policy interest rate will be lowered by 50 basis points, and the LPR will be reduced by 25 basis points, thus ensuring more abundant liquidity in the total amount, moderately reducing costs and enhancing effectiveness; Third, make good use of the existing structural monetary policy tools, create new tools when necessary, enrich the "eighteen martial arts" in the toolbox, guide and support financial institutions to do the "five major articles", especially increase support for scientific and technological innovation, green development, consumer finance, etc., and reflect pertinence. (Xinhua Finance)The Brazilian central bank raised its benchmark interest rate to 12.25% for the third time this year. On the 11th, local time, the Monetary Policy Committee of the Brazilian central bank announced that it had decided to raise its benchmark interest rate to 12.25%, which is the third time that the Brazilian central bank raised interest rates this year. Brazil's central bank said that the interest rate hike was affected by international uncertainties and Brazil's domestic economic policies, and it is expected that the benchmark interest rate will be raised again in January and March next year. Since August last year, the Brazilian central bank cut interest rates seven times in a row, stopped cutting interest rates in June this year, and then raised the benchmark interest rate three times in a row. After this adjustment, Brazil's benchmark interest rate at the end of 2024 was the same as that at the end of 2023, which was 12.25%. The latest "Focus" bulletin of the Brazilian central bank raised the expected inflation rate to 4.84% in 2024, which is higher than the upper limit of the country's inflation rate management target of 4.5% from 2024 to 2026.BlackRock advises investors interested in bitcoin to allocate up to 2% bitcoin weight in their portfolios.

UBS reduced ExxonMobil's target price from $149.00 to $147.00.UN spokesman: UN Secretary-General Guterres pays special attention to hundreds of air strikes by Israel on several locations in Syria. He stressed the urgent need to reduce the level of violence in all aspects of Syria.Intel executives: I hope to cut $1 billion from "other sales costs".

Italian 10-year bond yields rose 16 basis points to 3.35%, the biggest increase since April.Leader of the Houthi Movement: We cooperated with Islamic resistance organizations and conducted joint actions against Israel. The Support Front took action this week against occupied Jaffa, Ashdod and Ashkelon.International copper closed down more than 1.1%, while Shanghai nickel and alumina rose more than 1.5% at most. International copper closed down 1.14%, Shanghai copper closed down 0.94%, Shanghai aluminum closed up 0.12%, Shanghai zinc closed down 0.83%, Shanghai lead closed down 0.37%, Shanghai nickel closed up 1.51% and Shanghai tin closed down 0.81%. Alumina closed up 1.04% at night. Stainless steel night trading closed down 0.23%.