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Fitch: Steady reserves, reduced liabilities, and prudent budget management have prepared American state and local governments for 2025.Securities Daily: Vigorously boosting consumption is the focus of macro-policy at present. The the Political Bureau of the Communist Party of China (CPC) Central Committee meeting held on December 9 pointed out that it is necessary to vigorously boost consumption, improve investment efficiency and expand domestic demand in all directions. At present, China is in the stage of rapid growth of service consumption. In the future, all parties should continuously optimize and expand service supply, better stimulate the endogenous kinetic energy of service consumption, and provide strong support for expanding domestic demand and stimulating the economy. Promoting consumption is the main starting point for expanding domestic demand, and boosting consumption is the focus of macroeconomic policy. We firmly believe that with the continuous efforts of various policy initiatives, consumer confidence will continue to increase and consumption potential will continue to be released.During the year, A-share companies threw out nearly 1,000 single and medium-term cash dividend plans. According to Wind statistics, as of December 11th, 940 listed companies have thrown out 994 single and medium-term cash dividend plans this year, with the number of them increasing by 269.41% year-on-year. The total amount of dividends involved was 667.519 billion yuan, a year-on-year increase of 166.24%. Among them, 791 orders have been implemented, and dividends have reached 360.768 billion yuan; 203 single pending implementation, the total amount of dividends to be paid is 306.751 billion yuan. The researchers said that the active mid-term dividends of listed companies are conducive to enhancing investors' sense of gain and boosting investors' confidence. In addition, stable dividends can provide stable income, reduce investment risks, and help promote the formation of value investment concepts and long-term investment concepts. (Securities Daily)

The German Chancellor formally proposed a vote of confidence to the Parliament, and German Chancellor Angela Scholz formally proposed to the German Bundestag (the lower house of parliament) on the 11th that a vote of confidence will be held on the 16th. There are 733 members in the German Bundestag. In order to gain the trust of the Bundestag, Scholz must get more than 367 votes to remain in power. However, at present, only the parliamentary group of the German Social Democratic Party with 207 members has expressed its support for the Prime Minister. The parliamentary group of the Green Party, the ruling partner with 117 members, is expected to abstain in the vote of confidence, while the largest opposition Christian Democratic Union will not support Scholz. German media generally believe that Scholz will not be able to vote by confidence unless there is an accident. (Xinhua News Agency)Euronext: Due to an accident in the waterway, the delivery point of its February 2025 rapeseed futures (COMG5) contract along the Mosel River will be unavailable until further notice.The US government budget in November was-367 billion US dollars, with an expected-353 billion US dollars and a previous value of-257.5 billion US dollars.

Dollar deposits and wealth management are popular again. Experts suggest paying attention to exchange risk. Although it is in the cycle of interest rate reduction by the Federal Reserve, dollar deposit products are still attractive to investors. Since December, a number of bank wealth management subsidiaries have intensively put on shelves US dollar wealth management products. Judging from the rate of return, the performance benchmark of some US dollar fixed-income wealth management products currently launched is close to 5%, but the performance benchmark of RMB wealth management products with the same risk level is mostly around 2%. According to the statistics of Puyi standard data, as of December 9, there were 1,312 surviving products in US dollar financing, and the surviving scale of US dollar financing reached 281.927 billion yuan, which has doubled from the surviving scale of 140.351 billion yuan at the end of December last year. In addition, although banks have previously lowered the interest rate of dollar deposit products, from the current point of view, the interest rate of some banks' dollar deposits remains above 4%, attracting many customers to buy. According to industry insiders, under the Fed's interest rate cut cycle, the main reason for the high heat of dollar wealth management and dollar deposits is the exchange rate expectation of a strong dollar. If the market expects the US dollar to appreciate or remain stable, holding US dollar assets (such as US dollar wealth management and US dollar deposits) can benefit from the potential exchange rate appreciation even if interest rates fall. In addition, in order to diversify risks, some investors choose to allocate part of their funds to US dollar assets to realize diversification of asset allocation. (Securities Daily)Ambrey, British maritime safety company: The ship carrying 130 people capsized in the south of Chebba, Tunisia, and two people drowned.Argentina's inflation rate in November was 2.4%, and the accumulated inflation rate in the past 12 months reached 166%. On the afternoon of the 11th local time, the Argentine National Bureau of Statistics released data showing that the country's monthly inflation rate in November was 2.4%. The cumulative inflation rate has been 112% since the beginning of this year and 166% in the past 12 months.