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Central Economic Work Conference: Give play to the traction role of economic system reform and promote the landmark reform measures to be effective. The Central Economic Work Conference was held in Beijing from December 11 to 12. The meeting proposed to complete the deepening and upgrading of state-owned enterprise reform with high quality and introduce the private economy promotion law. Carry out special actions to standardize law enforcement involving enterprises. Formulate guidelines for the construction of a unified national market. Strengthen supervision and promote the healthy development of platform economy. Make overall plans to promote the reform of the fiscal and taxation system and increase local independent financial resources. Deepen the comprehensive reform of investment and financing in the capital market, open up the blocking points of medium and long-term funds entering the market, and enhance the inclusiveness and adaptability of the capital market system. (Xinhua News Agency)World Meteorological Organization: The possibility of La Nina in the next three months is more than 50%. The latest forecast released by the World Meteorological Organization on the 11th shows that the possibility of La Nina in the next three months is more than 50%. It is expected that the intensity of La Nina will be weak and the duration will be short. According to the introduction of the World Meteorological Organization, the current El Niñ o/Southern Oscillation (ENSO) index is in a neutral state, which is neither El Niñ o nor La Nina. According to the forecast, from December 2024 to February 2025, the possibility of changing from the current neutral state to La Nina phenomenon is 55%. The forecast also shows that from February to April 2025, the possibility of returning to neutral state is 55%. (Xinhua News Agency)European Central Bank President Lagarde: Eurozone banks remain resilient.

Ukraine National Natural Gas Transportation Company: On December 13th, the designated amount of Russian natural gas in Suza Transfer Station was 42.29 million cubic meters, while on December 12th, it was 42.38 million cubic meters.The European Central Bank expects inflation to cool down faster. It is reported that the European Central Bank now expects inflation to cool down slightly faster than the forecast in September. It currently predicts that the average inflation rate in 2024 and 2025 will be 2.4% and 2.1% respectively, compared with the previous forecast of 2.5% and 2.2% respectively. In the statement, the European Central Bank also said: "The anti-inflation process is on the right track."European Central Bank President Lagarde: Labor cost growth will slow down.

Ukraine National Natural Gas Transportation Company: On December 13th, the designated amount of Russian natural gas in Suza Transfer Station was 42.29 million cubic meters, while on December 12th, it was 42.38 million cubic meters.European Central Bank President Lagarde: The proposal to cut interest rates by 25 basis points has been agreed by everyone. European Central Bank President Lagarde said that the proposal to cut interest rates by 25 basis points has been agreed by everyone, and inflation is expected to reach 2% in the medium term. There are some discussions about cutting interest rates by 50 basis points, but it is generally believed that a 25 basis point cut is the right move. The wage level will reach a level consistent with the inflation target of 2%.The rise in food prices has pushed the wholesale inflation in the United States to accelerate unexpectedly. The prospect of interest rate cuts next year is uncertain. The wholesale inflation rate in the United States unexpectedly rose in November, and the soaring egg price masked the moderate impact of price increases in other regions. According to data released by the Bureau of Labor Statistics on Thursday, the producer price index (PPI) rose by 0.4% month-on-month, the biggest increase since June, and economists surveyed by Bloomberg expected a median of 0.2%. PPI increased by 3% compared with the same period of last year, the biggest increase since the beginning of 2023. The core PPI excluding food and energy increased by 0.2% from the previous month and 3.4% from the same period of last year. The CPI report released on Wednesday showed that the core inflation rate in the United States remained firm for the fourth consecutive month. This series of data brought uncertainty to the outlook of prices and interest rates next year, especially when Trump threatened to raise import tariffs after taking office. Economists pay close attention to the PPI report because several of its breakdown data will affect the personal consumption expenditure price index (PCE) that the Federal Reserve is concerned about. Although PCE data will not be released before the Fed policy meeting next week, central bank officials will have a good understanding of the data according to CPI and PPI reports. The market generally expects the Federal Reserve to cut interest rates by 25 basis points next week, but the pace of interest rate cuts is expected to slow down next year.