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If the Bank of Canada cuts interest rates by 50bp as expected, it is expected that the pace of interest rate cuts will slow down. The Bank of Canada cut interest rates sharply for the second time in a row this month, and hinted that policymakers are prepared to slow down the pace of monetary easing. The bank cut interest rates by 50 basis points to 3.25%, bringing borrowing costs to the upper part of their expected range of neutral interest rates. However, they also hinted that after the sharp interest rate cut expected by the market and most economists, there may be a smaller interest rate cut again in 2025. Officials dropped their previous statement that they expected to further reduce borrowing costs. "With the policy interest rate greatly reduced, we expect that if the economic development is generally in line with expectations, monetary policy will adopt a more gradual approach," Bank of Canada Governor Mackler said in a prepared speech. "Looking ahead, we will evaluate the necessity of further reducing the policy interest rate one by one."Bitcoin rose by 4.5% and stood at $100,000 again. Bitcoin strengthened again today, rising by 4.5% in the day and standing at $100,000 again. Ethereum rose more than 6% and approached $3,800.The United States conducted a ballistic missile interception test in Guam for the first time. The US Missile Defense Agency issued a statement on the 10th, saying that the United States conducted a ballistic missile interception test in Guam in the western Pacific for the first time, and launched a "Standard -3 Block 2A" missile with Aegis anti-missile system equipped with new radar and vertical launcher, and intercepted an air-launched medium-range ballistic missile near the coast of Anderson Air Force Base in Guam. Experts say that by strengthening its military presence in the western Pacific, the United States is trying to bury the hidden danger of an arms race in the region, which will really affect the people of the whole region. (CCTV International News)

Russian President Vladimir Putin: External sanctions are pushing Russia to develop artificial intelligence solutions.Market analysis: The US CPI report is in line with expectations, and the stock market will breathe a sigh of relief. Wasif Latif, chief investment officer of Sarmaya Partners, said that according to the latest US CPI report, the market will not be further impacted. Everything is in line with expectations, and the stock market seems to breathe a sigh of relief, because this is another steady report with no surprises. The stock market seems to be ready for higher-than-expected data, but since there is no accident, the market is relieved. Although the short-term bond market has some reaction, the long-term bond market has no reaction.The Nasdaq rose to 1%, while the S&P 500 index rose 0.58% and the Dow rose 0.1%.

The China Securities Association held two meetings: to promote the standardized development of the regional equity market and actively promote the transformation of wealth management in the industry. According to the news released by the China Securities Association on December 11th, the meeting of the chairman and all members of the regional equity market professional committee of the China Securities Association was held a few days ago. The meeting introduced the work of the Committee in 2024, discussed the focus of the next stage, and exchanged experiences on specific issues such as research exchange and blockchain construction. Members attending the meeting unanimously stated that they will do a good job in the cultivation and standardized management of the capital market, actively guard against business risks, and promote the standardized and healthy development of the regional equity market.The US EIA crude oil inventory decreased by 1.425 million barrels last week, and the US EIA crude oil inventory decreased by 1.425 million barrels last week, which is expected to decrease by 901,000 barrels and the previous value decreased by 5.073 million barrels. Last week, the US EIA crude oil inventories in Cushing, Oklahoma decreased by 1.298 million barrels, and the previous value increased by 50,000 barrels.The interest rate swap market predicts that the probability of the Bank of Canada cutting interest rates further in January next year is about 70%.