The S&P 500 index opened up 0.5%, while the Nasdaq 100 index rose 0.9%.The presidents of Russia and Uzbekistan talked on the phone to discuss the regional situation. According to the news released by the Kremlin in Russia on December 11th, Russian President Vladimir Putin talked with Uzbek President Mirziyoev, and the two sides exchanged views on the Ukrainian issue, the situation in Syria and bilateral relations between the two countries. (CCTV News)Market News: The US CPI report in November may suggest that the core PCE index, the inflation indicator favored by the Federal Reserve, may rise slightly to 2.9% in the last two months of 2024.
Toronto stock index GSPTSE rose 0.21% to 25,558.81.Bank of Canada: Other federal and provincial policies will affect the dynamics of demand and inflation; The central bank will pay attention to potential trends. The decline in the level of immigration shows that the GDP growth in 2025 will be lower than the forecast of the central bank in October; Its impact on inflation will be more moderate.The Bank of Canada cut interest rates by 50BP for the second consecutive month, and the Bank of Canada lowered its policy interest rate from 3.75% to 3.25%, which was the second consecutive month to cut interest rates by 50 basis points, in line with market expectations, and cut interest rates by 175 basis points during the year.
The Bank of Canada cut interest rates by 50BP for the second consecutive month, and the Bank of Canada lowered its policy interest rate from 3.75% to 3.25%, which was the second consecutive month to cut interest rates by 50 basis points, in line with market expectations, and cut interest rates by 175 basis points during the year.MicroStrategy rose more than 5%, and Bitcoin strengthened again today, rising nearly 4% to nearly $100,000.Mackler, Governor of the Bank of Canada: As expected, the high housing inflation continued to ease, and the downward pressure of commodity prices on inflation eased.