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Traders have increased their bets on the ECB's interest rate cut, and it is now expected that the ECB will cut interest rates by 158 basis points in 2025.Zhengzhou Economic Development Zone held a listing through train activity to boost the Nasdaq IPO of small and medium-sized enterprises. On December 11th, Zhengzhou Economic Development Zone held a "Nasdaq IPO through train" activity for small and medium-sized enterprises (the second event), which opened up all-round financing channels before, during and after the listing of enterprises, continuously improved the financing ability of small and medium-sized enterprises in the capital market, and boosted the Nasdaq listing of enterprises in its jurisdiction. (Dahe Finance Cube)CFO of Goldman Sachs: Deregulation by the US government will promote more business activities within the company.

Vanguard went against tradition and suggested the strategy of "six shares of debt and four shares" to deal with policy risks. In view of the high interest rate and stock valuation, Vanguard Group suggested that investors establish defensive positions in the new year and increase their investment in bonds instead of stocks. The company's 2025 outlook lists the asset allocation model built by economists and portfolio teams, which allocates 62% of the funds to fixed-income securities and the remaining 38% to stocks. In contrast, the ratio of stocks to bonds in the traditional portfolio is 60% to 40%. Although the US economy is still strong, the stock market valuation is close to historical highs, which makes stocks more vulnerable to potential policy risks after Trump takes office. At the same time, interest rates may remain higher than those in the 2010 s, thus providing investors with stable income and more protection in the case of risk aversion.COMEX silver futures rose 1.0% in the day to $33.09 per ounce.The Canadian dollar expanded its gains to an intraday high.

Bank of Canada: Wage growth shows signs of slowing down, but wage growth related to productivity is still at a high level.Broadcom's share price rose 4.3% before the market closed.Bitcoin exceeded $99,000/piece, up 2.49% in the day.