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U.S. policy outlook is uncertain. Lagarde lamented that the EU would "ask for it" for political uncertainty. European Central Bank President Lagarde said that the monetary policy decision of policymakers on Thursday was shrouded in the turbulent political situation in Europe. Although Lagarde did not directly mention the collapse of the French and German governments in recent weeks, she pointed out that it is not conducive to the central bank's decision-making to keep the fiscal plan and election results in suspense. At present, policymakers are still paying attention to the impact of Donald Trump's return to power. "We hope that many things will become clear in the coming months," Lagarde told reporters. "If we have discussed anything in the past two days, it is the uncertainty we are facing, whether it is the political situation from some member States or the US policy."The exchange rate of the Canadian dollar against the US dollar fell to the lowest level since April 2020. As the US dollar strengthened for the fifth consecutive day, the Canadian dollar fell below 1.42 Canadian dollars against the US dollar for the first time since April 2020. According to informed officials, Canada is studying that if US President-elect Donald Trump fulfills his threat to impose extensive tariffs, Canada will impose export taxes on its main exports to the United States.Trump: For me, the stock market is everything. US President-elect Trump rang the opening bell on the new york Stock Exchange on Thursday, and he was named the person of the year in 2024 by Time magazine. After ringing the bell, Trump said in an interview, "If you don't produce (goods) here (in the United States), you have to pay 21% tax. If you produce here, we will try to reduce the tax rate to 15%. You must produce your products in the United States. " Trump also attributed the recent rise in the stock market to his defeat of Biden (not Harris). "I have always said that for me, the stock market is everything. This is very important. " He also revealed that after returning to the White House, he will establish closer ties with some of the richest and most influential people.

Fiscal and monetary policies will continue to be strengthened. Next year, we will emphasize the "combination boxing". In 2025, China will "implement a more active and promising macro policy". According to the deployment of the Central Economic Work Conference, as two important pillars in the macroeconomic governance system, fiscal policy will be "more active" than before, maintaining policy continuity and releasing the determination to overweight policies; Monetary policy will turn to "moderate easing" and continue to adhere to the position of supportive monetary policy. "Precious policy tools should be used at critical stages." Insiders say that in the stage of insufficient effective credit demand and weak market expectations, boost market confidence; At the stage of accelerating the issuance of government bonds, supporting a more active fiscal policy is effective and laying a good policy "combination boxing". (Securities Times)Dutch Ministry of Defence: All F-16 fighters have been transferred to Romania. On the 12th local time, the Dutch Ministry of Defence announced that the Royal Dutch Air Force has completed the upgrade from F-16 fighters to more advanced F-35 fighters. In order to make full use of the retired F-16 fighters, the Dutch government has signed an intention agreement to transfer these fighters to Romania. This will enable Romania to train a new generation of pilots, including Ukrainian pilots. On November 7, last year, the Netherlands sent the first batch of F-16 fighters to the European F-16 fighter training center in Romania for training Ukrainian pilots. In September this year, Romanian Defense Ministry spokesman Spinu said that the first batch of Ukrainian fighter pilots arrived in Romania at the beginning of this month and began to receive theoretical training for F-16 fighters. Practical training may begin before the end of this year.The first batch of 85 equity indexes of the personal pension investment product "Naxin" entered the market. Recently, the Ministry of Human Resources and Social Security and other five departments issued the Notice on the Full Implementation of the Personal Pension System, which made it clear that from December 15, 2024, workers who participated in the basic old-age insurance for urban workers or the basic old-age insurance for urban and rural residents in China can participate in the personal pension system. The CSRC has optimized the supply of products in a timely manner, and has included the first batch of 85 equity index funds in the catalogue of personal pension investment products. Among them, there are 78 products that track various broad-based indices and 7 products that track dividend indices, including ordinary index funds, index enhancement funds and ETF-linked funds such as Shanghai and Shenzhen 300 Index, CSI A500 Index and Growth Enterprise Market Index. The investment style of index funds is clear, and the rate level is low. Incorporating related products is conducive to enriching investors' choices, attracting more payment funds, and further consolidating the pension reserve of the whole society. (CSI)

The Israeli army said that it "seriously damaged" the Syrian air defense system and destroyed more than 90% of its surface-to-air missiles. The Israel Defense Forces issued a statement on the 12th that it had "seriously damaged" the Syrian air defense system and destroyed more than 90% of the identified surface-to-air missiles. The statement said that in recent weeks, the Israel Defense Forces have been conducting a comprehensive assessment of the situation in Syria. The Israeli Air Force has formulated a "comprehensive strike plan" aimed at destroying Syria's powerful military capabilities in the face of escalating regional tensions. In the past few days, hundreds of Israeli air force fighters and other aircraft launched coordinated strikes, which dealt a major blow to Syria's "most strategic weapon system."Apple is about to switch to self-developed Bluetooth and Wi-Fi chips for iPhone and smart home. Apple plans to switch to domestic chips for Bluetooth and Wi-Fi connection on its devices from next year, which will gradually phase out some components currently provided by Broadcom. This chip, code-named Proxima, has been developed for several years and is now planned to be used in the first batch of iPhone and smart home devices produced in 2025. The internal chips of iPhone manufacturers will be produced by TSMC.The winning bid rate of US 30-year bonds is 4.535%, which is higher than the pre-issuance transaction rate. The US Treasury continued to issue US$ 22 billion of 30-year bonds, with a winning bid rate of 4.535%. The pre-issuance transaction rate was 4.523% when the tender closed at 1 pm new york time. The proportion of primary dealers was 14.4%, which was higher than the previous one. The proportion of direct bidders was reduced to 19.1%, and the proportion of indirect bidders was increased to 66.5%. The bid multiple is 2.39 times, which is lower than the average of 2.42 times in the past six renewal transactions.