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OPEC Monthly Report: The recent steady economic growth trend is still continuing. The OPEC Monthly Report points out that in recent months, the steady economic growth trend is still continuing, especially in the United States, Brazil and Russia. In addition, China's stimulus measures and India's sustained growth momentum have contributed to supporting global economic growth. With these developments, the global economic growth in 2024 is expected to be 3.1%. The strong economic growth momentum is expected to continue until 2025 and is expected to reach 3.0%. However, the healthy growth observed in the United States during 2024 is expected to slow down slightly in 2025. However, the current growth forecast may be affected by the potential new policy measures being discussed by the incoming US government, such as trade tariffs, which will also affect the growth of US trading partner economies. In the euro zone, the recovery will continue gradually in the third quarter of 2024, but the improvement in the fourth quarter and 2025 is expected to be limited. Japan is expected to rebound in the second half of 2024 and continue until 2025, after a challenging period.Shanghai Petroleum and Natural Gas Trading Center completed the first delivery of the pre-sale and listing of diesel oil in East China, and Shanghai Petroleum and Natural Gas Trading Center completed the first delivery of diesel oil in the first half of December for the pre-sale and listing of diesel oil in East China on December 10th. The seller who completed the first delivery is Zhejiang Zhoushan Weide Energy Co., Ltd., and the buyer is Zhoushan Weilan Energy Co., Ltd., with an average delivery price of 5974 yuan/ton, and the corresponding value-added tax price is 6750.62 yuan/ton. In November, the buyers and sellers locked in the purchase (sales) volume and price in the first half of December in the pre-sale listing transaction, and determined Sinochem Nantong Warehouse as the delivery place, and completed the first delivery in two installments on December 9 and 10 respectively.Analysts commented on the US CPI in November: the data is in line with expectations, and there may be four interest rate cuts next year. Brian Jacobsen, chief economist of Annex Wealth Management, said: "There is nothing unexpected in the CPI report, and everything is in line with expectations. Housing cost is still the main driver of inflation. With the employment report and inflation report, nothing can stop the Fed from cutting interest rates by 25 basis points next week. What will be exciting is the summary of the Fed's economic forecast. There may be four interest rate cuts in 2025, and inflation will eventually fall to the target level. "

The US CPI data is in line with expectations, and the euro zone bonds are basically flat.The UN Secretary-General visited South Africa and called on the G20 to reform global financial institutions. On December 11th, local time, UN Secretary-General Guterres visited South Africa and attended the first meeting of G20 finance ministers and central bank governors in Johannesburg after South Africa assumed the rotating presidency of G20. Guterres called on the G20 to achieve financial justice, reform global financial institutions and expand the global safety net. He also expressed support for South Africa as the rotating presidency of G20. In the afternoon, Guterres met with South African Foreign Minister Lamora in the South African Foreign Ministry Building. The two sides discussed the priorities of the G20 presidency, promoted the implementation of future agreements, and ensured the accelerated realization of sustainable development and climate commitments. (CCTV News)Zamrazilova, Deputy Governor of the Czech Central Bank: I hope to see the inflation rate drop in January, and then I can start to consider further relaxing interest rates.

Institution: The global rapeseed production reduction made the vegetable oil inventory decrease year-on-year, which supported the vegetable oil in Yuanyue. Chaotic Tiancheng Futures said that the excessive rapeseed import in the fourth quarter had supply pressure, the demand side was in the traditional consumption peak season and the low price difference between soybean oil and vegetable oil was conducive to vegetable oil consumption, which had short-term bottom support for vegetable oil. In the long run, the global rapeseed production reduction makes the vegetable oil inventory decrease year-on-year, which supports the vegetable oil in Yuanyue. Nanhua futures believes that, on the whole, the supply sources and channels of vegetable oil are gradually weakened by the restrictions on rapeseed imports. At present, due to the excellent cost performance of soybean oil at the consumer end, vegetable oil will not consider the extra increment caused by the market competition between oils and fats except the seasonal increase in consumption in the short term. However, since the subsequent inventory of vegetable oil is still fluctuating at a high level, considering the possibility of seeking demand from the competitive price of soybean oil, there will be a clear reverse correlation between the subsequent inventory and consumption of vegetable oil, while the supply consideration is relatively constant and inflexible.This week, the personal pension expansion policy will be announced, "the time point may be December 12". It was learned from insiders that the personal pension expansion policy will be announced this week, "the time point may be December 12". According to industry insiders, the personal pension pilot will be fully liberalized in the near future, expanding from the original 36 pilot cities to the whole country. At the same time, personal pension fund products are also expanding, and some mature broad-based ETF-linked funds and broad-based index OTC products will add Y shares. (21 Finance)In November, the CPI of the United States hit its biggest increase in seven months, but it is unlikely to prevent the Fed from cutting interest rates next week. The consumer price index of the United States recorded its biggest increase in seven months in November, but it is unlikely to prevent the Fed from cutting interest rates for the third time next week in the context of the cooling job market. Data show that CPI rose by 0.3% last month, the biggest increase since April, after the index rose by 0.2% for four consecutive months. The year-on-year growth rate of CPI rose by 2.7% after rising by 2.6% in October. Compared with the peak of 9.1% in June 2022, the year-on-year growth rate of inflation has slowed down significantly. Nevertheless, in recent months, the process of reducing the inflation rate to the Fed's 2% target has actually stalled. However, the Fed is now more concerned about the labor market. Although employment growth accelerated in November after being severely disturbed by strikes and hurricanes in October, the unemployment rate accelerated to 4.2% after staying at 4.1% for two consecutive months.