The US government’s stalemate is still unresolved, the new Congress will take on Thursday and fand the first problem they need to deal with is the partial closure of the federal government. OPEC’s crude oil output last month hit the biggest drop in the past two years, and oil prices rose sharply. The People’s Bank of China has relaxed the assessment criteria for targeted RRR cuts to stimulate small and microenterprise loans.
- The Dow Jones Industrial Average closed at 23,346.24 points, increased by 18.78 points or 0.08%. The Standard & Poor’s 500 Index closed at 2,510.03 points, increased by 3.18 points or 0.13%. The Nasdaq index closed at 6,665.94 points, increased by 30.66 points or 0.46%.
- The US Congress will resume on Thursday, and Democrats will use the newly elected House majority status to balance Trump, and the first problem they need to deal with is the partial closure of the federal government.
- Trump said that North Korean leader Kim Jong-un sent a great letter to him and both sides hope to meet for the second time, but Trump said he is not in a hurry to meet with Kim Jong-un.
- The UK’s FTSE 100 index closed at 6,734.23 points, increased by 6.10 points or 0.09%. The Frankfurt DAX index closed at 10,580.19 points, increased by 21.23 points or 0.20%. The French CAC40 index closed at 4,689.39 points, decreased by 41.30 points or 0.87%.
- According to IHS MARKIT/CIPS, after the seasonal adjustment, the UK’s manufacturing purchasing managers’ index (PMI) last December continued its upward trend and rose to 54.2, creates a six-month high.
- OPEC’s crude oil output last month hit its biggest decline in the past two years. According to Bloomberg’s survey of officials, analysts and shipping tracking data, OPEC’s main member, Saudi Arabia, has significantly reduced production in December.
- The Japan’s market is closed.
- The Japanese Ministry of Internal Affairs and Communications announced that after seasonal adjustment, Japan’s unemployment rate in November unexpectedly rose to a second month to 2.5%, and the market originally expected to maintain the previous value of 2.4%.
- The Shanghai Composite Index closed at 2,465.29 points, decreased by 28.61 points or 1.15%. The Shanghai and Shenzhen 300 Index closed at 2,969.53 points, decreased by 41.12 points or 1.37%. The RMB closed at 6.856 against 1 US dollar, increased by 0.325%.
- The People’s Bank of China has relaxed the assessment criteria for targeted RRR cuts to stimulate small and microenterprise loans.
- According to the announcement of the State Administration of Foreign Exchange, China has decided to carry out a pilot program for facilitating foreign exchange receipts and payments in goods trade in Dawan District, Shanghai, and Zhejiang.