Macro Economy and Policies
- China's December Caixin Services PMI rose to 52.9, reaching its highest level in nearly five months.
- Minutes from the Federal Reserve meeting suggest the end of rate hikes but provide no timetable for rate cuts.
- Chinese Finance Minister Liu Fuan proposes strengthening fiscal resource coordination and moderately expanding fiscal expenditure.
- The 10-year U.S. Treasury yield briefly rose to 4%, questioning the 2024 rate cut expectations.
- China's 10-year government bond yield hits over a three-year low, briefly dropping to 2.54%.
Stock Market and Investments
- The ChiNext Index falls over 1%, high-dividend stocks continue to rise, shipping remains active, and AI concept stocks perform weakly.
- After-hours market movements: MongoDB and Cal-Maine decline, Arena Group sees significant gains.
- Dow Jones futures edge up slightly, while Nasdaq continues to decline.
- China's December service sector activity exceeds expectations.
Technology and Innovation
- SpaceX launches the first batch of satellites capable of direct phone connection; T-Mobile users will be able to send messages.
- BYD surpasses Tesla in Q4, officially becoming the world's largest pure electric vehicle manufacturer.
Currency Market
Bitcoin prices briefly plummet 9%, with expectations that spot Bitcoin ETFs will still be rejected.
Energy Market
Oil prices rise due to a combination of disruptions in Libya's supply and mixed reactions to U.S. inventory data.
Company and Industry Dynamics
- Performance results for 2023's new players in the automotive industry are revealed, with NIO exceeding targets and ranking first.
- After four successive delays in responding to inquiries regarding the restructuring, the ShuYu Civilian Pharmacy's high-premium acquisition has fallen through.
- Baidu's affiliated party cancels the $3.6 billion acquisition of YY Live.
