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After the US PPI and initial application data were released, the price of gold dropped further. After the US PPI and initial application data exceeded expectations, the price of gold continued to decline. Paul Ashworth, a macro analyst at Kaitou, said: "The components of PCE favored by the Federal Reserve are generally weak, and the CPI data released yesterday indicate that the monthly rate of core PCE will only increase slightly by 0.03%. Now it seems that the Fed is more likely to continue to cut interest rates by 25 basis points next week. " At the same time, the number of initial jobless claims increased by 17,000 last week, the highest level since mid-October last year, while economists expected a decrease of 4,000 to 220,000.Traders have reduced their bets on the easing policy of the European Central Bank, and it is now expected that the interest rate reduction will be less than 125 basis points in 2025.Italian 10-year bond yields continued to rise, rising by 10 basis points to 3.29%.

WTI crude oil fell by 1.0% in the day to 69.17 USD/barrel.Trump: For me, the stock market is everything and very important.Lian Ping, Dean and Chief Economist of Guangkai Chief Industry Research Institute: It is expected that deficit ratio will be allocated 4%-4.5% next year, and its finance will be more active to meet the current economic needs. (Xinhua Finance)

The yield of Italian 10-year government bonds rose by 9 basis points to 3.28%, the highest level since December 2.GBP/USD fell 0.4% to 1.2700, the lowest level in a week.Brazilian Presidential Spokesman: President Lula will run for re-election in 2026.