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Do you want to know how the United States deals with the mismatch between oil supply and demand? Do you want to know that the relevant committee of the European Parliament has passed a proposal on the Digital Market Act to limit unfair competition among Internet giants? Do you want to know about the EU building a “capital market alliance”?Kind check CFM’s news today .

1. The construction of a “capital market alliance” in the European Union went further, and the companies of Chicago quickly voiced their opposition. On Thursday, local time, the European Commission formally accepted four legislative agendas aimed at promoting the interconnection of financial data among countries in the region and further integrating decentralized European capital markets. Although this agenda was proposed as early as 2015, it is becoming more and more important as Brexit and the epidemic hit the regional economy. For Euronext and Deutsche B ö rse, the provision of the data itself brings in additional revenue, while the excluded European division of the company quickly expressed dissatisfaction. The group immediately issued a statement saying that the latest EU proposal is a high degree of discrimination against pan-European exchanges and that uniform quotations need to treat all market data suppliers equally.

2. It is possible to raise interest rates in advance! The Federal Reserve has sent a clear signal that the last dollar store in the United States has no more dollar goods. Inflation in the United States has had a great impact on the economy. According to recent data released by the Labor Department, the US consumer price index rose 0.9 per cent in October from a month earlier, higher than market expectations, and 6.2 per cent year-on-year, the biggest increase since November 1990. To prevent the economy from overheating, the previous FOMC meeting decided to launch a curtailment of bond purchases at the end of November, reducing its monthly purchases of $10 billion of Treasuries and $5 billion of institutional mortgage-backed securities (MBS). But now, in the face of stubbornly high inflation, there are calls for the Fed to raise interest rates ahead of time.

3. The US Department of Energy will release 50 million barrels of crude oil from the strategic oil reserve to alleviate the mismatch between oil supply and demand when the economy recovers from the COVID-19 epidemic and lower oil prices, the White House announced Wednesday. The US Department of Energy said that the 50 million barrels of crude oil will be put on the market as early as mid-late December, of which 18 million barrels have been approved by Congress for direct sale, and another 32 million barrels are for short-term exchange. when oil prices stabilize, it is agreed to return the strategic oil reserve between 2022 and 2024. As of November 19, the total amount of oil stored in the US Strategic Petroleum Reserve was about 605 million barrels, according to the U.S. Department of Energy.

4. The relevant committee of the European Parliament has passed a proposal for a “digital market law” to limit unfair competition among Internet giants. On the 23rd, the European Parliament’s Internal Market and Consumer Protection Committee adopted a proposal on the “Digital Market Law” aimed at limiting the unfair competition of Internet giants by an absolute majority of 42 votes in favor, 2 votes against and 1 abstention. The proposal stipulates that companies such as international Internet giants are not allowed to use data advantage to place targeted advertisements to users within the EU unless they obtain explicit permission from users. At the same time, mergers and acquisitions of such companies in the same industry within the EU will also be restricted and regulated, and the intention of mergers and acquisitions must be approved by the European Commission in advance. If such companies violate the above regulations, they will be fined 4% to 20% of their annual turnover.

5. Data released by the Organization for Economic Cooperation and Development (OECD) showed that the import and export volume of international goods trade among G20 members set a record again in the third quarter of this year, exceeding 4.27 trillion US dollars and 4.26 trillion US dollars respectively. However, compared with the second quarter, its month-on-month growth was only 0.4% and 0.9%, which is obviously slowing down.

6. The Italian antitrust regulator announced that Amazon was fined 68.7 million euros and Apple 134.5 million euros. Apple and Amazon signed an agreement in 2018 banning all resellers of Apple products and Beats products from operating on Amazon’s Italian website. AGCM considered the agreement a violation of article 101 of the Treaty on the functioning of the European Union and ordered the two companies to immediately stop the restrictions.

7. The research team of the Norwegian International Centre for Climate and Environmental Research predicts climate scenarios based on emission reduction measures around 2030, and even the most optimistic scenario is not enough to limit global warming to 2 degrees Celsius. The long-term goal of the Paris Agreement is to limit the global average temperature rise to above the pre-industrial level and below 2 ℃, and to strive to limit the temperature rise to 1.5 ℃ above the pre-industrial level.

8. Us President Joe Biden has announced that the country’s Department of Energy will release 50 million barrels of oil from its strategic oil reserves to lower oil prices and solve the supply and demand mismatch caused by the epidemic, according to a statement posted on the White House website.

8. On Monday, US President Joe Biden announced the nomination of Jerome Powell as chairman of the Federal Reserve and Lyle Brainard as vice chairman of the Federal Reserve system Council. Biden praised a series of actions taken by the Federal Reserve after the COVID-19 epidemic hit the global economy, which is also an important basis for the White House’s decision to give Powell a second term. Biden also said that in addition to Powell and Brainard, he expects to continue to nominate Fed governors in the coming weeks, including the vice chairman in charge of banking supervision. Unlike the “coherence” represented by the two men today, the new candidates will bring a different perspective and diversity to the Fed.

9. On the evening of November 21, local time, Chinese and American players will form a team to compete in the mixed doubles of the 2021 Houston World Table Tennis Championships. Lin Gaoyuan will partner with Zhang an of the United States, and Karnak of the United States will partner Wang Manyu.


Post time: Nov-26-2021

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