American natural gas futures rose by 3.00% in the day and are now reported at $3.480/million British heat.The Brazilian central bank raised its benchmark interest rate to 12.25% for the third time this year. On the 11th, local time, the Monetary Policy Committee of the Brazilian central bank announced that it had decided to raise its benchmark interest rate to 12.25%, which is the third time that the Brazilian central bank raised interest rates this year. Brazil's central bank said that the interest rate hike was affected by international uncertainties and Brazil's domestic economic policies, and it is expected that the benchmark interest rate will be raised again in January and March next year. Since August last year, the Brazilian central bank cut interest rates seven times in a row, stopped cutting interest rates in June this year, and then raised the benchmark interest rate three times in a row. After this adjustment, Brazil's benchmark interest rate at the end of 2024 was the same as that at the end of 2023, which was 12.25%. The latest "Focus" bulletin of the Brazilian central bank raised the expected inflation rate to 4.84% in 2024, which is higher than the upper limit of the country's inflation rate management target of 4.5% from 2024 to 2026.The yield of US 10-year Treasury bonds rose to 4.316% after the auction results were announced, the highest level since November 26th.
ECB sources: Some people think that the ECB overestimates economic growth. In the case of Trump's tariff increase, the economic growth next year may be less than 1%.Russia said it cracked down on several Ukrainian military equipment and repulsed Russia's multi-directional attacks. The Russian Defense Ministry issued a war report on the 12th, saying that in the past day, Russian armed forces killed and wounded 1,345 Ukrainian troops and destroyed many Ukrainian military equipment including tanks, armored vehicles and American howitzers. Russian air defense forces shot down four American-made "Haima" rockets and 37 drones of the Ukrainian army. In addition, Russian troops also controlled the "Zarija" settlement in Donetsk. According to the General Staff of the Ukrainian Armed Forces, there were 203 battles in the frontline area in the past day, and the situation on the frontline remained grim. The Ukrainian air force, missile units and artillery units destroyed many Russian military personnel assembly areas and control points. In the direction of Kharkov, Pokrovsk and Kulahovo, the Ukrainian army repelled many Russian attacks. In addition, the Ukrainian army continued to carry out operations in the Kursk region.The yield of US 10-year Treasury bonds rose to 4.316% after the auction results were announced, the highest level since November 26th.
The previous crude oil futures 2401 contract closed up 1.51% at 545.40 yuan/barrel. Shanghai Gold closed down 0.59% and Shanghai Bank closed down 1.67%.Goldman Sachs analysts predict that the European banking industry will be in a difficult situation in 2025. The challenges they face include low interest rates, slow growth and prominent political uncertainty.Fitch Global Shipping predicts that the performance of each sub-industry will grow steadily, but it will be partially offset by the downward trajectory of container shipping in 2025.