Canadian Prime Minister Trudeau: The Bank of Canada's interest rate cut of 50 basis points is a correct step towards reducing the cost of living for Canadians.Bank of America: In the third quarter, auto loans reached the highest level in eight years, and the financing demand for electric vehicles is growing.The US Supreme Court dismissed the securities fraud lawsuit filed by shareholders against NVIDIA (NVDA.O).
On December 11th, 2024, China International Cargo Airlines Co., Ltd. (referred to as Air China) disclosed its prospectus, and planned to issue new shares and go public in Shenzhen in the near future.Market news: Russia may use new medium-range ballistic missiles to Ukraine.Market analysis: The US CPI report is in line with expectations, and the stock market will breathe a sigh of relief. Wasif Latif, chief investment officer of Sarmaya Partners, said that according to the latest US CPI report, the market will not be further impacted. Everything is in line with expectations, and the stock market seems to breathe a sigh of relief, because this is another steady report with no surprises. The stock market seems to be ready for higher-than-expected data, but since there is no accident, the market is relieved. Although the short-term bond market has some reaction, the long-term bond market has no reaction.
U.S. Department of Justice: An insider of Dominion Bank was arrested for assisting in money laundering.Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.Schneider, former CEO of Nestle, was nominated to join the supervisory board of Siemens.