Shanghai Nickel closed down over 2%, Shanghai Tin fell over 1%, alumina rose about 1%, international copper closed down 0.51%, Shanghai Copper closed down 0.51%, Shanghai Aluminum closed down 0.22%, Shanghai Zinc closed up 0.25%, Shanghai Lead closed down 0.69%, Shanghai Nickel closed down 2.40% and Shanghai Tin closed down 1.62%. Alumina closed up 1.09% at night. Stainless steel night plate closed down 0.92%.Barclays raised the target price of Hilton Hotels Group from $243.00 to $268.00.US stocks fell, with the S&P 500, Nasdaq and Dow Jones all down 0.1%.
Economists predict that the Fed will only cut interest rates three times next year. Economists surveyed by Bloomberg expect that the Fed will cut interest rates for the third time in a row this month, and lower the expected number of interest rate cuts next year. The market expects Federal Reserve Chairman Powell and his colleagues to cut interest rates by 25 basis points next week. If the expectation is true, it means that interest rates have been lowered by 1 percentage point since September. Next year's interest rate cut will slow down faster than officials expected three months ago. Most economists predict that interest rates will be cut only three times in 2025 because of the small progress in fighting inflation.New york cocoa futures rose more than 4% to $11,296 a tonne.Market News: Russian Internet regulators have blocked Viber's domestic instant messaging service.
The wind farm with the highest altitude in northwest China is connected to the grid at full capacity. The reporter learned from the National Energy Group today that Wuqia Wind Farm, the highest altitude wind farm in northwest China, is connected to the grid at full capacity in Kizilsu Kirgiz Autonomous Prefecture, Xinjiang, marking a new breakthrough in the development of high-altitude mountain wind energy in China. Wuqia wind farm, located in Pamirs, is the westernmost wind farm in China. The installation height of wind turbines is between 2,800 meters and 3,300 meters above sea level. A total of 38 wind turbines have been built, with a total installed capacity of 200,000 kilowatts. (CCTV News)Polish central bank governor: I think there is no reason to change interest rates.European members of NATO are considering increasing the proportion of military expenditure. On December 12th, the Financial Times reported that some European members of NATO are considering increasing the proportion of national defense expenditure in their gross domestic product (GDP) from the current 2% to 3%, which will bring budgetary pressure to many European countries.