Federal Deposit Insurance Corporation (FDIC): As there was no one-off income from equity securities trading in the last quarter, bank profits declined, which was partially offset by strong net interest income; The bank reported that its quarterly net interest income increased by $4.5 billion and its net interest margin rose to 3.23%. Bank of America's profits fell by 8.6% to $65.4 billion in the third quarter of 2024.Korean media disclosed the details of the State Council meeting before and after the emergency martial law. According to Yonhap News Agency, the South Korean Ministry of Administration and Security disclosed the relevant information provided by the Presidential Palace on December 11th about the meeting to declare emergency martial law and lift martial law. According to the data, Premier Han Dezhu said that all State Councillors attending the State Council meeting on the evening of the 3rd of this month expressed their opposition to the martial law proposed by President Yin Xiyue, and believed that martial law would have a serious impact on the Korean economy and credit, and would not be accepted by the people. (CCTV International News)Famous and excellent products rose by more than 5.5%, and institutions are optimistic about the sustained high growth of overseas markets.
Korean media disclosed the details of the State Council meeting before and after the emergency martial law. According to Yonhap News Agency, the South Korean Ministry of Administration and Security disclosed the relevant information provided by the Presidential Palace on December 11th about the meeting to declare emergency martial law and lift martial law. According to the data, Premier Han Dezhu said that all State Councillors attending the State Council meeting on the evening of the 3rd of this month expressed their opposition to the martial law proposed by President Yin Xiyue, and believed that martial law would have a serious impact on the Korean economy and credit, and would not be accepted by the people. (CCTV International News)Trump is reported to have talked about dividends and capital gains tax.Netac Technology: A joint working group was established with ZTE to continuously promote the landing of orders. Netac Technology released a record of investor relations activities, and Netac Technology continued to strengthen cooperation with ZTE at the strategic level. The two sides have jointly established a joint working group and continued to promote the landing of orders. The bidding work for some projects has been started. The next step is to focus on obtaining stable and substantial orders and continuously create a computing ecological pattern. In addition, Guangdong-Hong Kong-Macao Greater Bay Area storage base covers a wide range, and related work is in the process of promotion. The suspension and restriction of sales of NVIDIA Gaosuanlike has no significant impact on Netac Technology. The company has launched a heterogeneous computing power dispatching platform, and has maintained a good cooperative relationship with domestic computing power card manufacturers. The dispatching platform gives priority to recommending customers to test and adapt domestic computing power cards, and related work is in progress.
Trump is reported to have talked about dividends and capital gains tax.European Central Bank President Lagarde: The neutral interest rate may be slightly higher than before. European Central Bank President Lagarde said that as it gradually approaches the neutral interest rate, it will further discuss its related issues. The neutral interest rate may be slightly higher than before, and will be discussed in due course.Luo Zhiheng, chief economist of Yuekai Securities: Improving deficit ratio's firm determination to release the central government to stabilize the economy is conducive to stabilizing expectations. The Central Economic Work Conference proposed to implement a more active fiscal policy. Improve the fiscal deficit ratio, and ensure that the fiscal policy will continue to exert more efforts. Luo Zhiheng, chief economist of Yuekai Securities, said that the fiscal policy continued the general tone of "positive", which reflected the stability and continuity of the policy, but emphasized "more positive", which was mainly reflected in the increase of deficit ratio and the scale of special bonds and ultra-long-term special government bonds. It is expected that the scale of fiscal expenditure will be significantly increased and the growth rate of fiscal expenditure will be increased next year. The generalized deficit ratio probability in 2025 is higher than that in 2024. In his view, the narrow sense of deficit ratio has a high probability of exceeding 3%, and the improvement of deficit ratio has special significance, which can achieve triple effects. First, the increase in deficit ratio means a further increase in the deficit scale, which is conducive to expanding expenditure, strengthening the ability of fiscal countercyclical adjustment, better preventing risks, benefiting people's livelihood and stabilizing growth. Second, deficit ratio is different from other financial instruments, and the public pays great attention to deficit ratio and its changes. Therefore, fiscal policy should use limited "bullets" to stabilize expectations, and the same fiscal stimulus scale should be reflected in deficit ratio as much as possible. Deficit ratio can better convey policy intentions and has strong policy signal significance; Improving deficit ratio's firm determination to release the central government to stabilize the economy is conducive to stabilizing expectations. Third, the high probability of deficit is still dominated by central government bonds. The form of transfer payment can better ensure the stability of grassroots financial resources and increase the disposable degree of local financial resources, which is conducive to the local government's "three guarantees" work. (SSE)