Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.Jiangling motors and Autoliv signed a strategic cooperation agreement. On December 11th, jiangling motors and Autoliv signed a strategic cooperation agreement in Nanchang, aiming at establishing a long-term and stable strategic partnership, and jointly laying out the global automobile industry field through a series of cooperation measures such as resource integration, technology sharing and sharing.Mackler, Governor of the Bank of Canada: As expected, the high housing inflation continued to ease, and the downward pressure of commodity prices on inflation eased.
Bank of Canada: Other federal and provincial policies will affect the dynamics of demand and inflation; The central bank will pay attention to potential trends. The decline in the level of immigration shows that the GDP growth in 2025 will be lower than the forecast of the central bank in October; Its impact on inflation will be more moderate.Goldman Sachs CFO Coleman: US President-elect Trump announced the chairman of the Federal Trade Commission (FTC). It is expected that this progress will lead to more M&A transactions.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.
Zhengzhou Economic Development Zone held a listing through train activity to boost the Nasdaq IPO of small and medium-sized enterprises. On December 11th, Zhengzhou Economic Development Zone held a "Nasdaq IPO through train" activity for small and medium-sized enterprises (the second event), which opened up all-round financing channels before, during and after the listing of enterprises, continuously improved the financing ability of small and medium-sized enterprises in the capital market, and boosted the Nasdaq listing of enterprises in its jurisdiction. (Dahe Finance Cube)The Bank of Canada's statement no longer mentions that it is reasonable to expect further interest rate cuts if the economic development is consistent with the forecast. The need for further interest rate cuts will be assessed and a decision will be made one by one.Market news: Russia may use new medium-range ballistic missiles to Ukraine.