Morgan Stanley raised the S&P global target price from $570.00 to $595.00.It is a "cancer" of the capital market to punish and prevent financial fraud, which destroys the integrity foundation of the capital market and seriously infringes on the legitimate rights and interests of investors. In recent years, the regulatory authorities have further strengthened the punishment of financial fraud and intensified the all-round and three-dimensional accountability. Recently, the relevant person in charge of the Economic Crimes Procuratorate of the Supreme People's Procuratorate said at the "Symposium on Difficult Issues of Legal Identification of Financial Fraud" held by the Law School of Renmin University of China and the Law School of Central University of Finance and Economics that we should adhere to the "zero tolerance" requirement and continue to increase the punishment and prevention of financial fraud. In criminal accountability, we need to grasp three issues. First, under the latest statutory principles, we should strengthen the convergence of execution, and adhere to the principle that "all suspected crimes should be removed, the arrest should be made, and the prosecution should be prosecuted"; Secondly, under the premise of adhering to the strict main tone, the criminal policy of "tempering justice with mercy" should be fully and accurately implemented. Finally, adhere to the whole chain to punish and prevent financial fraud. In the next step, the judicial case-handling organ will further subdivide the situation with relevant departments, improve the lenient and strict standards, and unify the judicial standards for law enforcement. (Securities Daily)UN spokesman: UN Secretary-General Guterres pays special attention to hundreds of air strikes by Israel on several locations in Syria. He stressed the urgent need to reduce the level of violence in all aspects of Syria.
American family wealth climbed to a record high thanks to the rise of the stock market. Driven by the rise of the stock market before the US presidential election, American family wealth reached a record high in the third quarter. According to a report released by the Federal Reserve on Thursday, household net assets increased by nearly 4.8 trillion US dollars, up 2.9% from the previous quarter, reaching 168.8 trillion US dollars. The value of American stock holdings increased by 3.8 trillion US dollars, while the value of real estate decreased by nearly 200 billion US dollars. In the third quarter, investors benefited from the stock market rally, as the market expected the Federal Reserve to cut interest rates and Donald Trump to return to the White House next year. Since Trump won the election on November 5, the S&P 500 index has climbed to a new high due to the market expectation that the president-elect will promulgate a pro-business policy.On December 12th, local time, the reporter learned that the court documents submitted that day showed that Alexander smirnoff, an FBI informant who had been accused of fabricating US President Barack joseph robinette and his son hunter biden to accept millions of dollars in bribes, had agreed to plead guilty. It is understood that smirnoff reached a plea agreement with David Weiss, special adviser of the Ministry of Justice. According to the agreement, the two sides will recommend a prison term of at least 48 months and no more than 72 months.The Israeli army issued evacuation orders to several blocks in Gaza City, Gaza. On the afternoon of 12th local time, the IDF issued an evacuation warning to several blocks in Gaza City, Gaza, asking residents in relevant blocks to evacuate as soon as possible. In a statement, the Israeli army claimed that militants in Hamas fired rockets from these neighborhoods at Israeli troops fighting in the Gaza earlier that day.
Fitch: The possible trade policy changes after the results of the 2024 election in the United States will bring risks in 2025 and may reduce the demand for shipping companies.Sources: A few ECB policymakers initially hoped to cut interest rates by 50 basis points. Three sources said that several ECB policymakers initially hoped to cut interest rates more sharply on Thursday, and they were worried that the new US tariffs would hinder economic growth. The European Central Bank cut interest rates by 25 basis points on Thursday, and opened the door for more easing policies, as the euro zone economy was dragged down by domestic political instability and the threat of a new round of trade war in the United States. However, due to the low forecast of inflation and economic growth, about five of the 26 members of the official Committee initially advocated a 50 basis point interest rate cut. In particular, they pointed out that if the incoming Trump administration imposes new tariffs on the EU, the growth of economic output next year may be lower than the 1.1% expected by the European Central Bank. A small number of policy makers who called for greater interest rate cuts quickly gave in, adding that given the current uncertainty, people are reluctant to make a hasty decision.American natural gas futures rose by 3.00% in the day and are now reported at $3.480/million British heat.