Consumer prices in Tanzania rose by 3% year-on-year in November.Singapore Straits Times closed up 0.5% at 3,813.55.Alaska Airlines rose more than 11% before the market, and raised its fourth-quarter profit forecast. Alaska Airlines Group (ALK.US) rose more than 11% before the market to $60.13. In the news, Alaska Airlines raised its profit forecast for the fourth quarter due to strong tourism demand and improved pricing. The company expects earnings per share to be between 40 and 50 cents in the fourth quarter, compared with the previous forecast of 20 to 40 cents; Earnings per share are expected to be at least $5.75 in 2025, higher than analysts' expectations of $5.50.
Spot palladium fell 2.00% in the day and is now reported at $954.75 per ounce.China Merchants Securities' salary adjustment: "The investment bank's salary is cut by half and the bonus is cancelled". It is reported that China Merchants Securities is taking more measures to reduce the salary. At present, the investment bank's salary is cut by half and the bonus is cancelled, so is the institutional department. A number of China Merchants Securities confirmed the authenticity of the above news to the trade wind, and also said that the "business entertainment expenses of the investment bank were basically cancelled". Affected by the slowdown of IPO rhythm, the equity business of China Merchants Securities Investment Bank has shrunk significantly. Wind data shows that since 2024, the amount of equity underwriting has been 8.181 billion yuan, down over 50% year-on-year.Jiejie Microelectronics: The shareholding ratio of the controlling shareholder is passively diluted to 34.66%.
Bank for International Settlements: Swap spreads are reflecting investors' concerns about excessive bond supply. The Bank for International Settlements (BIS) pointed out that huge government loans are having an impact on the global interest rate market, saying that investors have demanded higher premiums for buying sovereign bonds. In its quarterly report released on Tuesday, the agency pointed out that the swap spreads of various currencies and maturities have narrowed rapidly in recent months, which are "signs of possible oversupply". As investors are worried about huge debt and deficit expansion, the yields of government bonds in the euro zone and Japan have recently exceeded comparable swap rates. This leads to the so-called swap spread becoming negative. Because national debt is usually regarded as a safer investment than interest rate swap, it is unusual for the swap spread to enter the negative range. According to the Bank for International Settlements, the negative swap spread seems to reflect the pressure faced by investors and intermediaries because they need to absorb more government bonds in the near future. In the United States, the swap spreads for some maturities have been negative for many years.Experts say that Yin Xiyue's arrest is still not certain. On December 10th, South Korea's National Assembly passed a resolution calling for the rapid arrest of President Yin Xiyue, and at the same time voted to pass the "Permanent Special Inspection Law on Civil Disturbance" calling for the investigation of President Yin Xiyue. Recently, the sudden "martial law farce" in South Korea has intensified. Will Yin Xiyue become the first current president of South Korea to be arrested? Zhan Debin, director of the Korean Peninsula Research Center of Shanghai University of International Business and Economics, said that at present, whether Yin Xiyue will be arrested is still not "certain". He explained, "The resolution of the National Assembly is not a bill, but actually a pressure on relevant investigation institutions, and it is also an' endorsement' for relevant institutions to step up their investigation of Yin Xiyue's problem." Another expert on South Korea pointed out to reporters that under this circumstance, whether Yin Xiyue was arrested will still be affected by the game between the opposition party and the ruling party in South Korea, and it will take some time to make a final decision. "During this period, the opposition Common Democratic Party will continue to promote its impeachment and realize Yin Xiyue's stepping down as soon as possible. The sooner the election, the better for the Common Democratic Party. The National Power Party will continue to delay, hoping to realize the general election in May and June next year, so that it can make more adequate preparations. The reason why the "law on permanent special inspection of civil strife" was passed was actually the result of compromise between the two parties. The former demanded immediate stepping down, while the latter demanded stepping down in March and April next year as planned. The former hopes to find more evidence through special inspections to continue impeachment, while the latter hopes that special inspections will delay time. " In addition, some experts in South Korea pointed out that if Yin Xiyue refuses to obey the law enforcement department, any attempt at compulsory measures may be limited in practice. "The responsibility of the Presidential Security Bureau is to protect national leaders around the clock." (Nanfang Daily)Consumer prices in Tanzania rose by 3% year-on-year in November.
Strategy guide
12-13
Strategy guide
12-13