Spot silver fell below $31 per ounce, down 2.82% in the day. COMEX silver fell 4.00% in the day and is now quoted at $31.65 per ounce.Unica: In the second half of November, the sugar production in central and southern Brazil was 1.084 million tons. According to UNICA, the sugar production in central and southern Brazil reached 1.084 million tons in the second half of November, which was 23% lower than the same period last year. The amount of sugarcane crushed was 20.35 million tons, down by 15.2% compared with the same period of last year. Ethanol production was 1.19 billion liters, down 5.18% year-on-year. 44.89% of sugarcane juice was used for sugar production, compared with 46.54% in the same period of last year.China Resources Land: The contracted sales in November was about 25.80 billion yuan, up 6.9% year-on-year. China Resources Land announced on the evening of December 12 that in November 2024, the Group achieved a total contracted sales of about 25.80 billion yuan, with a total contracted sales floor area of about 1.203 million square meters, up 6.9% and 11.1% respectively. In the first 11 months of 2024, the cumulative contracted sales was about RMB 229.10 billion, and the total contracted sales floor area was about 10.031 million square meters, down by 19.9% and 16.8% respectively.
The Dow Jones Industrial Average was last reported at 44,200.59, up 0.12% in the day.The Dow Jones Industrial Average was last reported at 44,200.59, up 0.12% in the day.Brazilian Presidential Spokesman: President Lula will run for re-election in 2026.
Billionaire bill ackman: Watch America.Luo Zhiheng, chief economist of Yuekai Securities: Improving deficit ratio's firm determination to release the central government to stabilize the economy is conducive to stabilizing expectations. The Central Economic Work Conference proposed to implement a more active fiscal policy. Improve the fiscal deficit ratio, and ensure that the fiscal policy will continue to exert more efforts. Luo Zhiheng, chief economist of Yuekai Securities, said that the fiscal policy continued the general tone of "positive", which reflected the stability and continuity of the policy, but emphasized "more positive", which was mainly reflected in the increase of deficit ratio and the scale of special bonds and ultra-long-term special government bonds. It is expected that the scale of fiscal expenditure will be significantly increased and the growth rate of fiscal expenditure will be increased next year. The generalized deficit ratio probability in 2025 is higher than that in 2024. In his view, the narrow sense of deficit ratio has a high probability of exceeding 3%, and the improvement of deficit ratio has special significance, which can achieve triple effects. First, the increase in deficit ratio means a further increase in the deficit scale, which is conducive to expanding expenditure, strengthening the ability of fiscal countercyclical adjustment, better preventing risks, benefiting people's livelihood and stabilizing growth. Second, deficit ratio is different from other financial instruments, and the public pays great attention to deficit ratio and its changes. Therefore, fiscal policy should use limited "bullets" to stabilize expectations, and the same fiscal stimulus scale should be reflected in deficit ratio as much as possible. Deficit ratio can better convey policy intentions and has strong policy signal significance; Improving deficit ratio's firm determination to release the central government to stabilize the economy is conducive to stabilizing expectations. Third, the high probability of deficit is still dominated by central government bonds. The form of transfer payment can better ensure the stability of grassroots financial resources and increase the disposable degree of local financial resources, which is conducive to the local government's "three guarantees" work. (SSE)The National Certificate Manufacturing Individual Champion Index was released first in China in Ningbo, Zhejiang Province, and the precise docking service activity of manufacturing individual champion enterprises was held in Ningbo, Zhejiang Province on the 12th, and the National Certificate Manufacturing Individual Champion Index was officially released. This is the first thematic index focusing on the performance of individual champion enterprises in China. The National Certificate Manufacturing Individual Champion Index is based on the list of manufacturing individual champion enterprises of China's Ministry of Industry and Information Technology, focusing on single champion listed companies belonging to strategic emerging industries, and selecting 50 leading manufacturing enterprises in China with strong global competitiveness, influence, innovation ability and growth in sub-sectors. (Zhongxin. com)
Strategy guide 12-14
Strategy guide
12-14
Strategy guide