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Novo Nordisk: After the clinical trial results of kidney therapy were released, European regulators gave Ozempic a positive label evaluation.Central Economic Work Conference: Promoting new urbanization and overall rural revitalization, and promoting the integrated development of urban and rural areas. The Central Economic Work Conference was held in Beijing from December 11th to 12th. The meeting pointed out that it is necessary to promote new urbanization and comprehensive rural revitalization as a whole and promote the integrated development of urban and rural areas. Strictly observe the red line of cultivated land and strictly manage the balance of cultivated land occupation and compensation. We will ensure the stable production and supply of grain and important agricultural products, and improve the comprehensive benefits and competitiveness of agriculture. Protect the enthusiasm of grain farmers and major grain producing areas, and improve the grain price formation mechanism. According to local conditions, we will promote the integrated development of developing the industry, strengthening the county and enriching the people, and do everything possible to broaden the channels for farmers to increase their income. Develop a modern metropolitan area, improve the level of modern governance of megacities, and vigorously develop the county economy. (Xinhua News Agency)Central Economic Work Conference: Promoting new urbanization and overall rural revitalization, and promoting the integrated development of urban and rural areas. The Central Economic Work Conference was held in Beijing from December 11th to 12th. The meeting pointed out that it is necessary to promote new urbanization and comprehensive rural revitalization as a whole and promote the integrated development of urban and rural areas. Strictly observe the red line of cultivated land and strictly manage the balance of cultivated land occupation and compensation. We will ensure the stable production and supply of grain and important agricultural products, and improve the comprehensive benefits and competitiveness of agriculture. Protect the enthusiasm of grain farmers and major grain producing areas, and improve the grain price formation mechanism. According to local conditions, we will promote the integrated development of developing the industry, strengthening the county and enriching the people, and do everything possible to broaden the channels for farmers to increase their income. Develop a modern metropolitan area, improve the level of modern governance of megacities, and vigorously develop the county economy. (Xinhua News Agency)

Central Economic Work Conference: Support major economic provinces to take the lead, and encourage other regions to develop their strengths according to local conditions. The Central Economic Work Conference was held in Beijing on December 11th and 12th. The meeting proposed to strengthen the implementation of regional strategies and enhance the vitality of regional development. Give play to the superposition effect of regional coordinated development strategy, regional major strategy and main functional area strategy, and actively cultivate new growth poles. Enhance the innovation ability and radiation-driven role of areas with economic development advantages. Support major economic provinces to take the lead, and encourage other regions to develop their strengths according to local conditions. Deepen industrial cooperation in the eastern, central, western and northeastern regions, and vigorously develop the marine economy and the Bay Area economy. (Xinhua News Agency)The US dollar just broke through the 7.2700 yuan mark against the offshore RMB, and the latest report was 7.2689 yuan, down 0.12% in the day; The US dollar against the onshore RMB was recently reported at 7.2688 yuan, up 0.10% in the day.The rise in food prices has pushed the wholesale inflation in the United States to accelerate unexpectedly. The prospect of interest rate cuts next year is uncertain. The wholesale inflation rate in the United States unexpectedly rose in November, and the soaring egg price masked the moderate impact of price increases in other regions. According to data released by the Bureau of Labor Statistics on Thursday, the producer price index (PPI) rose by 0.4% month-on-month, the biggest increase since June, and economists surveyed by Bloomberg expected a median of 0.2%. PPI increased by 3% compared with the same period of last year, the biggest increase since the beginning of 2023. The core PPI excluding food and energy increased by 0.2% from the previous month and 3.4% from the same period of last year. The CPI report released on Wednesday showed that the core inflation rate in the United States remained firm for the fourth consecutive month. This series of data brought uncertainty to the outlook of prices and interest rates next year, especially when Trump threatened to raise import tariffs after taking office. Economists pay close attention to the PPI report because several of its breakdown data will affect the personal consumption expenditure price index (PCE) that the Federal Reserve is concerned about. Although PCE data will not be released before the Fed policy meeting next week, central bank officials will have a good understanding of the data according to CPI and PPI reports. The market generally expects the Federal Reserve to cut interest rates by 25 basis points next week, but the pace of interest rate cuts is expected to slow down next year.

Central Economic Work Conference: Enhance people's sense of happiness and security, and implement employment support programs for key areas, key industries, urban and rural grassroots and small and medium-sized enterprises. The Central Economic Work Conference was held in Beijing from December 11 to 12. The meeting stressed that efforts should be made to ensure and improve people's livelihood and enhance people's sense of happiness and security. Implement employment support plans for key areas, key industries, urban and rural grassroots and small and medium-sized enterprises to promote the employment of key groups. Strengthen the protection of workers' rights and interests in flexible employment and new employment forms. We will implement policies to help industries and employment, ensure that large-scale return to poverty does not occur, and ensure the basic livelihood of people in need. Promote the high-quality and balanced development of compulsory education and solidly promote the expansion of high-quality undergraduate courses. Implement the medical and health foundation project and formulate policies to promote fertility. Develop community-supported home-based care for the aged and expand inclusive care for the aged. Adhere to and develop the "Fengqiao experience" in the new era and strengthen the public security system. (Xinhua News Agency)European Central Bank President Lagarde: The proposal to cut interest rates by 25 basis points has been agreed by everyone. European Central Bank President Lagarde said that the proposal to cut interest rates by 25 basis points has been agreed by everyone, and inflation is expected to reach 2% in the medium term. There are some discussions about cutting interest rates by 50 basis points, but it is generally believed that a 25 basis point cut is the right move. The wage level will reach a level consistent with the inflation target of 2%.Market news: the agency said that the number of people applying for unemployment benefits in the United States jumped to the highest level in two months, but it was still at a low level.