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2024-12-13 05:35:59

Turkish President Erdogan: The Syrian people are our brothers and sisters, no matter what class they come from or what religion they believe in.The European STOXX 600 index initially closed up 0.11% at 521.02 points. The euro zone STOXX 50 index initially closed up 0.08% at 4981.43 points. The FTSE Pan-European Excellent 300 Index initially closed up 0.10% at 2068.71 points.FSM rose by about 11%, leading the gold and silver mining stocks. The changes in the Syrian situation brought safe-haven demand. Gold and silver mining stocks rose across the board, Fortuna Mining rose by about 11%, Hekla Mining rose by about 10.3%, Cordailun Mining rose by over 8.9%, Pan American Silver rose by about 8.6%, harmony Gold rose by over 8.1%, Jintian Company rose by about 5.5%, gold mining stock ETF rose by over 5.2%, and B2gold.


International Monetary Fund data: In October 2024, Turkey's gold holdings increased by 10.349 tons to 753.994 tons.Morgan stanley capital international's MSCI Nordic Countries Index fell 0.2% to 384.92. Saab AB, a military stock, fell 6.5%, the worst performance among all the constituent stocks.Italian Ministry of Finance: Up to 8.5 billion euros of bonds will be auctioned on December 12th, and the bond auction scheduled for December 30th and 31st will be cancelled.


Pimco tends to reduce its holdings of longer-term US Treasury bonds. The main reason is the rising deficit. Marc Seidner and Pramol Dhawan, managing directors of Pimco, wrote in a report on Monday that they have been "reducing the allocation of longer-term bonds" and prefer short-term US Treasury bonds. As the size of US Treasury bonds soared from $17 trillion before the outbreak to nearly $29 trillion, the concern about the increase in the yield of long-term treasury bonds caused by the increase in US debt has become a flash point in the market. What investors are most worried about is the recurrence of the phenomenon of "bond self-defense forces" in the 1980s and early 1990s, that is, some bondholders aggressively sold US Treasury bonds because of the huge government financial expenditure. Seidner and Dhawan wrote, "It is difficult to predict the sudden reaction of the market to long-term trends. No organized self-defense force is prepared to take action on a specific debt threshold, and changes in investor behavior usually occur over time. " Pimco said that in view of the sustainability of US debt and the impact of potential inflation catalysts on the labor force, the institution hesitated to buy long-term debt.Analysts such as Max Layton of Citigroup predicted in the global commodity outlook in 2025 that there would be a "substantial oversupply" of 1.5 million barrels per day in the second quarter of 2025. The average price of Brent crude oil may be $60/barrel in 2025, and it may be the same level in 2026.Iraq condemned Israel's occupation of the military buffer zone between Israel and Syria and emphasized respect for Syria's sovereignty. On December 9, local time, the Iraqi Foreign Ministry issued a statement condemning Israel's occupation of the military buffer zone between Israel and Syria and its nearby land, and stressed that this behavior violated international law and relevant resolutions of international legitimacy. The statement stressed that Syria's sovereignty should be respected, its stability, unity and territorial integrity should be maintained, and interference in its internal affairs should be avoided. The statement called on the international community, especially the UN Security Council, to shoulder corresponding responsibilities, condemn this blatant violation and take necessary measures to stop these violations taking advantage of the current situation in Syria. (CCTV)

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