German Finance Minister: We need to work together on initiatives to strengthen the European economy.European Central Bank President Lagarde: Reiterating the European Central Bank policy statement.Spot gold fell 1% to $2,690.81. COMEX silver futures fell 1.5% in the day to $32.47 per ounce.
After the European Central Bank moderately cut interest rates by 25 basis points, the EUR/GBP remained below 0.8250.Royal Bank of Canada: The European Central Bank may move towards negative real interest rate. Royal Bank of Canada BlueBay Asset Management said that the European Central Bank may cut the interest rate below 2% next year, which the agency estimated to be a short-term neutral interest rate. Kaspar Hense, senior portfolio manager of the institution, said in a report that the core inflation rate is expected to be around 2.5% in the first half of 2025, which means that the real interest rate will be negative. He said that under the influence of unfavorable factors such as trade, continuous competitive pressure from other countries and financial problems, this should play a moderate supporting role in the economy.Eurozone government bond yields barely changed, and eurozone government bond yields barely changed, after the European Central Bank cut interest rates by 25 basis points, as widely expected. Michael Brown of Pepperstone said in a report: "The interest rate cut was accompanied by a policy statement, which' copied and pasted' the policy guidance issued after the October meeting." The ECB reiterated that it would "follow the method of data dependence and successive meetings to determine the appropriate monetary policy stance." According to Tradeweb's data, after the interest rate was determined, the yield of two-year German government bonds was 1.941%, slightly lower than the previous 1.951%, while the yield of 10-year German government bonds was 2.130%, which was almost unchanged that day.
Private exporters reported that they sold 334,000 tons of soybeans to unknown destinations, and the United States Department of Agriculture (USDA) released data. Private exporters reported that they sold 334,000 tons of soybeans to unknown destinations and delivered them in 2024/2025. The annual soybean market in the United States began on September 1st.European Central Bank President Lagarde: The economy will strengthen over time.WTI crude oil futures fell below $70/barrel, down 0.43% in the day; Brent crude oil fell 0.43% in the day to $73.05/barrel.
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide