In the third quarter of the United States, the productivity growth of 2.2% was in line with expectations. According to the data of the Bureau of Labor Statistics, the productivity in the third quarter increased by 2.2% year-on-year, which was in line with expectations. The forecast range of 32 economists is 2.1% to 2.8%. The US Bureau of Labor Statistics announced earlier that the initial productivity in the third quarter increased by 2.2%.Palm oil fell by 2.25% on the 10th, and the latest main contract positions changed as follows. According to the exchange data, as of December 10th, the main contract palm oil closed at 2501, up or down by -2.25%, with a turnover of 1,109,400 lots. The position data showed that the top 20 seats were net, and the difference position was 27,729 lots. Palm oil futures contracts totaled 1,962,100 lots, an increase of 428,300 lots over the previous day. The first 20 seats in the contract held 549,100 lots, a decrease of 43,000 lots from the previous day. The short positions in the top 20 seats of the contract were 475,400 lots, a decrease of 34,500 lots from the previous day. (Sina Futures)Chief Financial Officer of Citigroup: The bank's systems and technologies have never been fully integrated.
Chief Financial Officer of Citigroup: The bank's systems and technologies have never been fully integrated.Without the government's approval, the South Korean National Assembly passed the budget reduction bill for next year. On the 10th, the South Korean National Assembly held a plenary meeting and adopted a cut version of the 2025 budget with a total amount of 673.3 trillion won (about 3.41 trillion yuan). According to Yonhap News Agency, this is the first time that the South Korean National Assembly passed the budget without agreement between the ruling party and the opposition party. In the 300-seat parliament, 278 members voted on the budget, 183 were in favor, 94 were against and 1 abstained. The ruling National Power Party and some opposition party members voted against it. This budget is one of the focal points of the recent struggle between the ruling and opposition parties in South Korea and one of the factors inducing the current political chaos. The original budget proposed by the government was 677.4 trillion won, but the largest opposition party, the Common Democratic Party, demanded a reduction of 4.1 trillion won, mainly involving the government reserve fund, the special activity expenses of the presidential secretary's office and the national security office, the special work expenses and special activity expenses of the procuratorate and the supervision institute. (Xinhua News Agency)About 90% of China's elderly care at home. In 2024, the size of China's smart pension market may reach 6.8 trillion yuan. According to National Health Commission data, at present, China's old-age care presents a "9073" pattern, with about 90% of the elderly care at home, 7% in the community and 3% in "high-end health care". According to statistics, the smart pension market in China will reach 6.8 trillion yuan in 2024.
On the 10th, the No.20 rubber fell by 2.30%, and the latest main contract positions changed as follows. According to the exchange data, as of December 10th, the main contract No.20 rubber 2502 closed, up or down by -2.30%, with a turnover of 175,800 lots. The position data showed that the top 20 seats were clear, and the difference position was 8,087 lots. A total of 225,200 lots were traded in the No.20 rubber futures contract, a decrease of 31,600 lots from the previous day. The first 20 seats in the contract held 82,300 lots, a decrease of 8,332 lots from the previous day. Short positions in the top 20 seats of the contract were 94,000 lots, a decrease of 9,465 lots from the previous day. (Sina Futures)The semiconductor ETF(512480) closed up 1%, and it received a net subscription of 481 million yuan yesterday, ranking first among stock ETFs! On December 10th, the semiconductor ETF(512480) closed up 1% with a turnover of 2.513 billion yuan. The constituent stocks are mixed. In terms of rising, SMIC leads the gains, while Chinese and micro companies follow. In terms of decline, Lanqi Technology led the decline, and Changdian Technology followed suit. In terms of capital inflow, on December 9, the semiconductor ETF(512480) received a net subscription of 481 million yuan, ranking first among stock ETFs. Hua Fu Securities said that the localization of semiconductor materials is accelerating, and the downstream fabs are expanding rapidly, so it is optimistic about maximizing the industrial dividend advantage of the head enterprises. In terms of electronic chemicals, the downstream wafer factory is gradually completed, and the chip production capacity is expected to continue to be released. Downstream demand promotes industrial upgrading and innovation, and the industry has entered a period of rapid development. With the continuous promotion of manufacturing upgrading in China, the demand for high-standard and high-performance materials will be gradually released, and the new material industry is expected to develop rapidly.SOMO, Iraq's national oil marketing organization: Iraq will set the official selling price of Basra Intermediate crude oil sold to North America and South America in January next year at a discount of $1.5 per barrel. Iraq will set the official sales price of Basra Intermediate crude oil sold to Europe in January next year at a discount of $5.5/barrel compared with the spot Brent crude oil price.