Institution: The European Central Bank may further cut interest rates by 100 basis points in 2025. Des Lawrence, an analyst at State Street Global Investment Management, said that after the European Central Bank cut interest rates by 25 basis points, it may cut interest rates by another 100 basis points in 2025. The senior investment strategist said in a report that the European Central Bank can and should cut interest rates further in the coming quarters. Lawrence said that the recent PMI data shows that the economic slowdown is expanding beyond the troubled manufacturing industry, and the service industry is also under pressure.Adobe(ADBE.O) fell by 12%, the biggest one-day drop since March 15th.Brazilian Presidential Spokesman: President Lula will run for re-election in 2026.
Unica: In the second half of November, the sugar production in central and southern Brazil was 1.084 million tons. According to UNICA, the sugar production in central and southern Brazil reached 1.084 million tons in the second half of November, which was 23% lower than the same period last year. The amount of sugarcane crushed was 20.35 million tons, down by 15.2% compared with the same period of last year. Ethanol production was 1.19 billion liters, down 5.18% year-on-year. 44.89% of sugarcane juice was used for sugar production, compared with 46.54% in the same period of last year.US President-elect Trump: Will do some great things in the field of cryptocurrency. Electricity will be needed.The Dow Jones Industrial Average was last reported at 44,200.59, up 0.12% in the day.
Adobe(ADBE.O) fell by 12%, the biggest one-day drop since March 15th.US Secretary of State Blinken: Turkish interests in Syria focus on combating terrorism; Key external participants should not trigger new conflicts.The gap between Italian and German government bond yields widened to 111 basis points, the highest level in a week.
Strategy guide 12-14
Strategy guide 12-14