Key News Summary
Domestic News:
1. Guangzhou Futures Exchange: Adjusts trading limits for lithium carbonate futures contracts.
2. National Medical Products Administration: Holds meeting to advance brain-computer interface medical device work.
3. Cyberspace Administration of China, together with China Securities Regulatory Commission, conducts in-depth rectification of false and misleading online information related to the capital market.
4. Minister Wang Wentao meets with Lisa Su, Chairman and CEO of AMD.
5. Spokesperson of the Ministry of Commerce answers reporters' questions regarding China's WTO complaint against India's tariffs on information and communication products and photovoltaic subsidies.
6. Ministry of Finance: Starting January 1, 2026, Shanxi and Qinghai provinces will implement a tax refund policy for overseas tourists' purchases.
International News:
1. Spot silver breaks through $67/ounce, setting a new historical high.
2. The Bank of Japan unanimously decided to raise interest rates by 25 basis points to a 30-year high of 0.75%, opening the door to further rate hikes, but the timing remains unclear. The yen closed down 1.4%.
3. The yield on Japanese 10-year government bonds touched 2% for the first time since 2006.
4. The EU approved a €90 billion interest-free loan to Ukraine for 2026-27.
5. Trump reached an agreement with nine pharmaceutical companies to significantly reduce drug prices.
6. Trump: We can get insurance companies to lower prices, or we'll withdraw from the system. A meeting of insurance companies will be held in the coming weeks.
7. Federal Reserve: ① Milan reiterated the need to cut interest rates to address risks in the job market. ② Williams: Low CPI data is due to technical factors; there is no rush to adjust monetary policy. ③ Hassett: US inflation is actually below target; the Fed has "ample room" to cut interest rates. ④ Sources familiar with the matter: Federal Reserve Governor Waller interviewed Trump for the position of Federal Reserve Chairman, and Governor Bowman is no longer a candidate for the position.
