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Canada's stock index closed up 0.6% on the day when the central bank cut interest rates, Brazil's real rose over 1% on the day when the central bank raised interest rates, and Canada's S&P /TSX composite index closed up 0.60% at 25,657.70 points, approaching the closing record high of 25,691.80 points on December 6 and the intraday record high of 25,843.20 points on December 9. Small-cap stocks closed up 0.74% at 847.15 points. In late North America on Wednesday (December 11th), the yield of Canada's 10-year benchmark government bonds rose by 6.7 basis points to 3.085%. The yield of debt increase in the two-year period rose by 5.3 basis points to 2.941%. After the US CPI inflation data was released at 21:30 Beijing time, the refresh rate was as low as 2.827%. After the Bank of Canada announced a 50 basis point interest rate cut at 22:45, it pulled back steeply from 2.84% to 2.960% at 03:06. The yield of five-year debt increase rose by 6.1 basis points to 2.891%. Mexico Composite Index closed down 0.17%, while Mexican peso rose 0.11% against the US dollar. The index of Sao Paulo Stock Exchange in Brazil closed up 1.06% to 130,000 points, and since it rose to a record high of 137,000 points on August 28th, it has been continuously and smoothly adjusted back. The Brazilian real rose by 1.43% against the US dollar, and it was reported at R $5.9647 before the Brazilian central bank raised interest rates by 100 basis points and predicted that it would raise interest rates in the next two times.Make professional investment easier, explore the application of AI big model in the financial field, and actively embrace big model technology in the financial field. Since the beginning of this year, both financial data terminals and financial technology leaders have actively launched applications based on large models. Related applications are concentrated in high-frequency fields such as man-machine dialogue, intelligent investment and research, and intelligent investment and care, which makes the function of artificial intelligence in assisting investment gradually perfect. Many interviewees said that with the help of artificial intelligence technology, ordinary investors can realize professional-level analysis and decision-making process. This means that the "inclusive" era of professional investment will accelerate. (SSE)Front page of China Securities Journal: Give better play to the role of "stabilizer". The reform of the investment side of the capital market has been solidly promoted. The front page of China Securities Journal stated that efforts should be made to break through the blocking points of social security, insurance, wealth management and other funds entering the market, steadily promote the reform of industry rates in Public Offering of Fund, and vigorously develop equity funds, especially indexed investment ... Recently, the reform of the investment side has been accelerated, helping to improve the function of the capital market in which investment and financing are coordinated. Market participants expect that in the next stage, around the key directions such as guiding "long money" to enter the market, enriching the product system, and promoting the development of indexed investment, the reform of the investment side will continue to be solidly promoted, and more new measures are expected to be researched and introduced, which will introduce more incremental funds to the market and better play its role as a "stabilizer" of the market. The market expects that the acceleration of investment-side reform will significantly increase the scale and proportion of medium and long-term capital investment, promote the long-term investment behavior and enhance the inherent stability of the capital market.

US$ 895 billion The US House of Representatives passed the national defense policy bill for fiscal year 2025. On December 11, local time, the US House of Representatives passed the national defense policy bill of US$ 895 billion with 281 votes in favor and 140 votes against, authorizing the Ministry of National Defense to provide funds for fiscal year 2025. It is reported that the bill has now been sent to the Senate.Morgan Stanley downgraded Hikvision to equal rating, with a target price of RMB in 36 yuan. Andy Meng, an analyst at Morgan Stanley, was previously rated as over-matched. The target price is 36 yuan RMB, which is up by 14%.CICC: The CPI of the United States rose as scheduled in November, but it did not hinder the interest rate cut. CICC released a research report saying that the CPI and core CPI of the United States both rose to 0.31% in November, which was basically in line with the market and its expectations. For the post-election policies, if the immigration and tariff policies are too radical, it will bring pressure to inflation at the end of next year, which will have an impact on the market and even the mid-term elections. Therefore, before the mid-term elections, due to the "realistic constraints" of inflation, the inflation policy will be faster, but the scope may be limited, while the growth policy will be faster, and then the overall assets will still be positive. According to the difference between the natural interest rate and the real interest rate, CICC estimates that after the interest rate cut in December, there may still be two or three interest rate cuts in 2025, with the end point of interest rate cut at 3.5-3.75% and the center corresponding to long-term US debt at 3.8-4%.

Goldman Sachs upgraded Societe Generale to neutral. Chris Hallam, an analyst at Goldman Sachs, had a previous rating of sell. The target price is 29.25 euros, which is 9% higher.Most ETFs in the US stock market closed up, with semiconductor ETFs rising by over 2.4%, Broadcom by over 6.6% and NVIDIA by over 3.1%. On Wednesday (December 11th), semiconductor ETFs closed up by 2.45%, Internet stock index ETF rose by over 2%, global aviation ETF, optional consumer ETF, technology industry ETF and global technology stock index ETF rose by 1.81%-1.17%. Semiconductor concept stocks rose almost across the board, Broadcom rose by 6.63%, NVIDIA Double Long ETF rose by more than 6.1%, Laidisi Semiconductor rose by more than 5.9%, NVIDIA rose by 3.14%, while Intel, Cisco, stmicroelectronics ADR and Chipscreen fell by 0.2%-0.65%.Korean media: Six members of South Korea's ruling party supported the impeachment of Yin Xiyue. According to the East Asia Daily, six members of South Korea's ruling National Power Party supported the impeachment motion against President Yin Xiyue. The report did not quote the source. The opposition party needs at least eight people in the ruling party to vote in favor of the motion. Five members of the National Power Party publicly expressed their support, and one member who asked not to be named hinted to the newspaper that he supported the motion.