Midday Crude Oil Analysis: The tensions in the Mediterranean are escalating; will oil prices rise or fall in the future?
During the early trading session in Asia, the price of Brent Crude Oil Futures fell as the market is assessing new developments in the Mediterranean region.
In November, China's industrial added value above the designated size increased by 5.4% year-on-year, with New energy Fund, Siasun Robot&Automation, and integrated circuits leading the growth.
From January to November, the added value of large-scale industries grew by 5.8% year-on-year. Among them, the production of New energy Fund vehicles, Siasun Robot&Automation, and integrated circuit products increased by 51.1%, 29.3%, and 8.7% respectively.
Statistics Bureau: From January to November, national Real Estate Development investment decreased by 10.4% year-on-year.
Today, the National Bureau of Statistics released data showing that from January to November, national Real Estate Development investment was 9363.4 billion yuan, a year-on-year decrease of 10.4%; among which, Residence investment was 7119 billion yuan, a decrease of 10.5%.
The latest statement from the Central Financial Office: This year's GDP in China is expected to grow by around 5%; the new wording of policies has significant implications, and specific plans will be showcased at the national two sessions.
Today (14th), at the 2024-2025 China Economic Annual Conference held at the China International Economic Exchange Center, Han Wenxiu, Deputy Director of the Office of the Central Financial and Economic Committee responsible for daily operations and Director of the Office of the Central Rural Work Leading Group, stated that China's GDP is expected to grow by about 5% this year.
The interest rates of the same industry certificates of deposit are rapidly declining, and under "moderately loose" conditions, there is hope to drop to 1.30%.
1. After the improvement in MMF transmission efficiency, the CD interest rate and the 7-day OMO rate will integrate within the next year. 2. Due to the faster decline of long-term bonds, the spread between the 10Y government bond and the 1Y CD has been compressing, and is currently at 13BP.
Daily summary of Real Estate Industry dynamics (2024-12-13)
Mini Program: Daily summary of Real Estate Industry dynamics 1. Central Economic Work Conference: Continuing efforts to stabilize the Real Estate market According to CCTV news broadcast, the Central Economic Work Conference was held in Peking from December 11 to 12. The conference proposed effectively preventing and resolving risks in key areas, firmly maintaining the bottom line of not experiencing systemic risks, continuously working to stabilize the Real Estate market, enhancing the implementation of urban village and dilapidated housing renovation, promoting the establishment of a new model for Real Estate development, and prudently managing risks in local small and medium Financial Institutions. (The Paper) 2. "100% usable area"; Beginning January 1, Hunan Hengyang will sell commercial housing by unit.