US Department of Defense: the State Council approved the sale of vehicle maintenance equipment to Kuwait, with an estimated value of $300 million.On the eve of the release of CPI data in November, a newly released report said that the leadership of the Bureau of Labor Statistics should be responsible for a series of mistakes this year. These mistakes brought the institution under scrutiny. However, the report issued by an expert team composed of government and private sector members said that none of these incidents had anything to do with the quality or accuracy of the agency's core data work. The report added that no potential motives for dishonesty or malice were found. Previously, the CPI of the United States was leaked in advance in April, and in August, the preliminary annual benchmark revised data of the non-farm payrolls report was released more than 30 minutes after the original release time of 10: 00 a.m. The survey found that the modernization of technology and software of this institution was hindered by insufficient funds, which made it impossible to ensure that its processes and systems kept pace with technological progress. The investigation team proposed to re-plan the enterprise training for front-line staff and revise the emergency plan to reduce the risk of untimely release. It is reported that the US Bureau of Labor Statistics has removed contractors from key positions and limited these functions to federal staff.The yield of 10-year treasury bonds hit a new low, and the industry has been optimistic about the bond market for a long time. Recently, the bond market has continued to stage a strong market, with the yield of 10-year and 30-year treasury bonds hitting record lows and the futures price of treasury bonds hitting record highs. As the tone of monetary policy shifts from "steady" to "moderately loose", the market expects to lower the RRR and cut interest rates. Many insiders believe that the strong bond market pattern is expected to continue until 2025. Under the background of further opening of interest rate downside, long-term bonds have become the focus of investors' layout. (SSE)
CF40 Research: Three Channels to Expand Domestic Demand. An article published by Guan Wei of China Financial Forty Forum (CF40) pointed out that the expansion of total demand, whether it is to expand consumption or investment demand, should be implemented on credit growth. When credit goes up, residents, enterprises and governments have more money in their pockets, so do expenditures and incomes, as well as profits and investments. At present, there are three main ways to expand credit: first, fiscal policy is exerted and the government borrows money; Second, the monetary policy will exert its strength and reduce the policy interest rate; The third is to stabilize the real estate market, and there can be no further sharp decline. In terms of finance, maintain the intensity of fiscal expenditure in a broad sense, and moderately increase the fiscal deficit to 4% in 2025. In terms of monetary policy, we should take reducing the real interest rate as an important goal, continue to implement "strong interest rate reduction", and timely reduce the interest rate of structural monetary policy tools below the policy interest rate level. In terms of the property market, it will ease the current cash flow pressure faced by real estate enterprises and promote the real estate to stop falling and stabilize from both ends of supply and demand.The Prime Minister of Qatar and the US Secretary of State discussed the situation in Syria and the conflict in Gaza by telephone. On December 10th, local time, the Prime Minister and Foreign Minister of Qatar talked with the US Secretary of State Blinken by telephone, focusing on the situation in Syria and the conflict in Gaza and other regional issues. The two sides stated that it is necessary to promote an inclusive political process and achieve a peaceful transfer of power in accordance with UN Security Council Resolution 2254. All parties in Syria should also strengthen efforts to protect civilians and fight terrorism. The two sides also exchanged views on the latest situation in the Gaza Strip and the progress of relevant negotiations.The Deputy Prime Minister of Iraq spoke to the UN Special Envoy for Syria. The two sides stressed that the previous settlement mechanism should be maintained. On December 10, local time, the Deputy Prime Minister and Foreign Minister of Iraq, Fuad Hussein, telephoned the UN Secretary-General's Special Envoy for Syria, Pei Kairu. The two sides reviewed the current developments in Syria and analyzed its scope of influence, and discussed the possible consequences if the international community failed to take concrete actions. The two sides stressed that consultations should continue and the United Nations should play an active role in supporting the Syrian people and stabilizing the situation in the region. The two sides also stressed that the previous mechanism for resolving the Syrian conflict should be maintained and the consensus between the region and Arab countries should be brought into play to reach a plan to end the humanitarian crisis in Syria. (CCTV)
According to medical personnel, at least seven Palestinians were killed and many others were injured in the Nu Sillat refugee camp in central Gaza as a result of Israeli air strikes.The three major European stock indexes closed down across the board. The German DAX index fell 0.08% to 20329.16 points, the French CAC40 index fell 1.14% to 7394.78 points, and the British FTSE 100 index fell 0.86% to 8280.36 points.The Houthi armed forces in Yemen claimed to have attacked two American destroyers and three frigates in the Gulf of Aden. The Houthi armed forces in Yemen issued a statement announcing military operations against a series of targets, including attacking "two American destroyers and three frigates" in the Gulf of Aden, and attacking regional targets such as Jaffa in Israel.