Global news you need to know before the U.S. stock market opens on Wednesday

Wallstreetcn
2024.12.18 14:00

The People's Bank of China and the State Administration of Foreign Exchange: Optimize the pilot policy for the integrated fund pool business of multinational companies in both foreign and domestic currencies. In November, new housing starts in the United States fell to 1.289 million units, the lowest level since July. UK inflation rate rose to an eight-month high, with traders reducing bets on interest rate cuts by the Bank of England, no longer fully pricing in two rate cuts next year. European Central Bank Chief Economist Lane: In an environment of rising uncertainty, the pace of interest rate cuts should remain flexible. The final value of the Eurozone's November CPI was 2.2%, lower than the initial value, supporting further rate cuts by the European Central Bank. According to CCTV News, Irish Prime Minister Simon Harris officially resigned to the President. Hong Kong SAR Government: A working group to promote the development of the gold market has been established. IEA: Global coal demand is expected to reach record highs every year and will last at least until 2027. "Big card buyer" Microsoft purchased nearly 500,000 GPUs this year! More than double that of Meta. Waiting for the Federal Reserve's decision! US and European stock markets rose slightly, the pound fell, and gold stabilized. The Nikkei 225 index closed down 0.2%, the Shanghai Composite Index closed down 0.73%, and the Hang Seng Index closed down 0.48%. Reminder: At 03:00 Beijing time on the 19th, the Federal Reserve will release the FOMC interest rate decision statement and the Summary of Economic Projections (SEP, including the dot plot); At 03:30, Federal Reserve Chairman Powell will hold the last routine press conference of the year