After the European Central Bank moderately cut interest rates by 25 basis points, the EUR/GBP remained below 0.8250.Market News: Ibrahim Karin, Director of Turkish Intelligence Agency, has arrived in the Syrian capital.US President-elect Trump: Will do some great things in the field of cryptocurrency. Electricity will be needed.
Novo Nordisk: After the clinical trial results of kidney therapy were released, European regulators gave Ozempic a positive label evaluation.Market News: Hungarian Prime Minister Orban and Turkish President Erdogan discuss US sanctions against Gazprom.The yield of German 2-year government bonds fell by 3 basis points to 1.92%, the lowest since December 3.
The forecast of the European Central Bank assumes that the exchange rate of the euro against the US dollar will be 1.08 in 2024 and 1.06 in 2025, 2026 and 2027.World Meteorological Organization: The possibility of La Nina in the next three months is more than 50%. The latest forecast released by the World Meteorological Organization on the 11th shows that the possibility of La Nina in the next three months is more than 50%. It is expected that the intensity of La Nina will be weak and the duration will be short. According to the introduction of the World Meteorological Organization, the current El Niñ o/Southern Oscillation (ENSO) index is in a neutral state, which is neither El Niñ o nor La Nina. According to the forecast, from December 2024 to February 2025, the possibility of changing from the current neutral state to La Nina phenomenon is 55%. The forecast also shows that from February to April 2025, the possibility of returning to neutral state is 55%. (Xinhua News Agency)Christiansen, an analyst at Danske Bank: The restrictive hawkish tendency in ECB policy has been eliminated. However, there is no indication that the bank may cut interest rates sharply, and there is no indication that the terminal interest rate will fall. Carsten Brzeski, head of international macro business in the Netherlands: The European Central Bank decided to act safely today and cut interest rates by 25 basis points. No more mention of "restrictive" monetary policy, which means there will be more interest rate cuts in the future.