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Market Insights: Dec 15th, 2023

TraderKnows
TraderKnows
2023-12-15

Today's market insights covers aspects such as economic policies and financial markets, industrial and investment data, energy markets, and more.

Economic Policy and Financial Markets:

  1. China's November retail sales saw a year-on-year growth of 10.1%, reaching a half-year high.
  2. Shanghai introduces new housing credit policies, involving adjustments to down payment ratios and interest rates.
  3. Market attention is drawn to the policy shift by Federal Reserve Chair Powell.
  4. The European Central Bank explicitly states that a discussion on interest rate cuts has not taken place.
  5. The People's Bank of China conducts Medium-term Lending Facility (MLF) operations, injecting a net of 800 billion, marking a historical high.

Real Estate Market:

  1. China's real estate development investment decreases by 9.4%, and the sales area of commercial housing drops by 8.0%.
  2. In 70 Chinese cities, both new and second-hand housing prices show an overall month-on-month decline.
  3. Sales price data for residential properties indicate a month-on-month decrease, potentially reflecting market adjustments and policy impacts.

Industrial and Investment Data:

  1. China's industrial value-added for enterprises above a designated size grows by 6.6% year-on-year.
  2. National fixed asset investment (excluding rural households) in China sees a year-on-year growth of 2.9%.
  3. Industrial value-added in China experiences a growth of 6.6% in November.
  4. Real estate development investment falls by 9.4% in the period from January to November 2022, while urban fixed asset investment sees a 2.9% year-on-year growth.

Technology and Corporate Dynamics:

  1. The exposure of the GPT-4.5 model reveals an enhancement in its multimodal capabilities, yet concurrently discloses potential leakage of pricing information.
  2. General Motors' Robotaxi subsidiary, Cruise, announces layoffs of approximately 900 employees amid industry challenges.
  3. Scholastic Corp shares decline by 12%, Lennar Corp shares fall by 3%.
  4. Apple Inc.'s market value approaches the total market capitalization of the French stock market.
  5. Tesla's upcoming humanoid robot, Optimus-Gen 2, is poised to enter mass production.

Energy Market:

  1. Oil prices see the first positive week in eight weeks, influenced by a rebound driven by the Federal Reserve.
  2. UK sanctions on Russian metals cause market panic, leading to an increase in palladium and copper prices.

Consumer Goods and Retail:

  1. Costco announces a special dividend, exceeding first-quarter performance expectations.
  2. Recent data reveals a 10.1% year-on-year growth in China's total retail sales of consumer goods.

International Trade and Raw Material Markets:

  1. Apple Inc.'s MR (mixed reality) product is set to enter mass production, potentially marking a new chapter in consumer electronics.
  2. Steel production drops to 2.26 million tons, with steel prices oscillating on the stronger side.
  3. The cost support for lithium carbonate weakens, with a tendency toward weak and oscillating operation.
  4. The crude oil market anticipates demand growth, trending toward a stronger and oscillating pattern.
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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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