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Bank of Canada: The sharp interest rate cut is aimed at supporting economic growth and keeping CPI at a level close to 2%.Fosun Travel responded to privatization: a transitional measure focusing on the light asset model. Following the change of CEO, Fosun Tourism Culture Group (hereinafter referred to as "Fosun Travel") started the privatization process again. On December 11th, in response to Fosun Travel's plan to privatize and delist Hong Kong stocks, Fosun Travel responded that this privatization proposal is based on the decision made by the company's long-term development, and the company will pay more attention to the transition of light asset model. After the privatization is completed, Fosun Travel will continue to maintain the normal operation of its existing business. Nowadays, for Fosun Travel, it can be said that it has reached a "crossroads" of transformation. Some experts in the industry have analyzed that at this time of privatization, Fosun Travel may have transformation needs, and the current low valuation of Hong Kong stocks will allow enterprises to maintain their stock prices at more cost. In fact, in recent years, some tourism enterprises have been privatized and delisted, but when making privatization decisions, they still have to weigh the pros and cons. (beijing business today)The yield of Italian 10-year government bonds fell to the lowest level since mid-August 2022, at 3.162%.

Bank of Canada Governor Mackler M: Monetary policy no longer needs to remain tight. The job market is still weakening. Officials will adopt a more "gradual" interest rate policy.Market news: Russia may use new medium-range ballistic missiles to Ukraine.The Nasdaq 100 index rose to 1.2%, and the S&P 500 index rose 0.6%.

Vanguard went against tradition and suggested the strategy of "six shares of debt and four shares" to deal with policy risks. In view of the high interest rate and stock valuation, Vanguard Group suggested that investors establish defensive positions in the new year and increase their investment in bonds instead of stocks. The company's 2025 outlook lists the asset allocation model built by economists and portfolio teams, which allocates 62% of the funds to fixed-income securities and the remaining 38% to stocks. In contrast, the ratio of stocks to bonds in the traditional portfolio is 60% to 40%. Although the US economy is still strong, the stock market valuation is close to historical highs, which makes stocks more vulnerable to potential policy risks after Trump takes office. At the same time, interest rates may remain higher than those in the 2010 s, thus providing investors with stable income and more protection in the case of risk aversion.The S&P 500 index opened up 0.5%, while the Nasdaq 100 index rose 0.9%.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.