1. Us: in November, non-farm payrolls increased by 210000, expected to be 550000, compared with a previous value of 531000. In November, the unemployment rate was 4.2 per cent and is expected to be 4.5 per cent.
2. The Securities and Exchange Commission requires Chinese companies listed on American stock exchanges to disclose their ownership structure and audit details, even if the information comes from relevant foreign jurisdictions. The SEC rule could eventually lead to the removal of more than 200 Chinese companies from US exchanges and could reduce the attractiveness of some Chinese companies to US investors, according to the industry.
3. International Monetary Fund: at present, compared with other developed economies such as euro zone countries, inflationary pressure in the United States is continuing to intensify, and the inflation rate has reached the highest level in 31 years. There is reason for US monetary policy to pay more attention to the risk of inflation, so it is appropriate for the Federal Reserve to scale back its asset purchases and raise interest rates earlier.
4. Charlie Munger: the current global market environment is even crazier than the dotcom bubble of the late 1990s. He will never hold a cryptocurrency, praising China for taking action to ban it. The current investment environment is “more extreme” than what he has seen in his r é sum é over the past few decades, and many stock valuations are out of line with fundamentals.
5. Us Treasury Secretary Yellen: the imposition of tariffs by the United States on Chinese imports has led to a rise in US prices. Lowering tariffs may help ease inflationary pressures. Ms Yellen said imposing tariffs of up to 25 per cent on hundreds of billions of dollars worth of Chinese imports to the US each year “did lead to higher domestic prices in the US”. She said some of the tariffs imposed by Mr Trump on Chinese imports during his term of office “had no real strategic justification but created trouble”.
6. The WTO Joint statement on domestic Regulation of Trade in Services advocated the successful completion of negotiations. On the 2nd, 67 WTO members, including China, the European Union and the United States, held a ministerial meeting of delegations to the WTO on the proposal of the Joint statement on domestic Regulation of Trade in Services, and jointly issued the Declaration on the completion of negotiations on domestic Regulation of Trade in Services. The declaration formally announced the successful completion of the negotiations on the joint statement on domestic regulation of trade in services, and made it clear that the relevant negotiation results would be incorporated into the existing multilateral commitments of the parties. Each participant will complete the relevant approval procedures and submit a schedule of specific commitments for confirmation within 12 months from the date of issuance of the declaration.
7. South Korean government: RCEP will officially enter into force for South Korea on February 1 next year. According to the Ministry of Industry, Trade and Resources of South Korea on the 6th local time, the Regional Comprehensive Economic Partnership (RCEP) will officially enter into force for South Korea on February 1 next year, approved by the South Korean National Assembly and reported to the ASEAN Secretariat. The South Korean National Assembly approved the agreement on the 2nd of this month, and then the ASEAN Secretariat reported that the agreement would enter into force for South Korea 60 days later, that is, February next year. As the largest free trade agreement in the world, South Korea’s exports to RCEP members account for about half of South Korea’s total exports, and South Korea will establish bilateral free trade relations with Japan for the first time after the agreement takes effect.
Post time: Dec-07-2021