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2024-12-13 05:50:34

STOXX Europe 600 Index rose by 0.25% after the US CPI data was released.Syrian opposition forces: Damascus curfew lifted, demanding people to return to work.Syrian opposition forces: Damascus curfew lifted, demanding people to return to work.


Hershey's share price fell 5.2% before the market.Market News: Apple is cooperating with Broadcom around artificial intelligence (AI) chips. Apple chips may be ready for production in 2026.Diplomat: The EU envoy failed to reach an agreement on the 15th round of sanctions against Russia.


Goldman Sachs: CPI clears the way for the Fed to cut interest rates next week. It is expected that the policy will be gradually relaxed in the future. Whitney Watson, an analyst at Goldman Sachs: Today's CPI data clears the way for next week's interest rate cut. After today's data is released, the Fed will start a "silent period", and they still have confidence in the process of anti-inflation. We believe that the Fed will further gradually relax monetary policy in the new year.Analysts commented on the US CPI in November: the data is in line with expectations, and there may be four interest rate cuts next year. Brian Jacobsen, chief economist of Annex Wealth Management, said: "There is nothing unexpected in the CPI report, and everything is in line with expectations. Housing cost is still the main driver of inflation. With the employment report and inflation report, nothing can stop the Fed from cutting interest rates by 25 basis points next week. What will be exciting is the summary of the Fed's economic forecast. There may be four interest rate cuts in 2025, and inflation will eventually fall to the target level. "Ethereum rose to 5% to $3,750; Bitcoin rose 3.4%, approaching $99,000.

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