STOXX Europe 600 Index rose by 0.25% after the US CPI data was released.German Chancellor Angela Scholz called for a vote of confidence to pave the way for the February 23rd election.STOXX Europe 600 Index rose by 0.25% after the US CPI data was released.
JPMorgan Chase downgraded C3.ai(AI.N), saying that the cost of artificial intelligence games is too high.Market News: Apple is cooperating with Broadcom around artificial intelligence (AI) chips. Apple chips may be ready for production in 2026.Analyst Anna: It is expected that the CPI report in November will show the core inflation rate of 0.3% for the fourth consecutive month. This is consistent with the annual inflation increase of more than 3%, which is higher than the Fed's target of 2%. Since the middle of the year, the anti-inflation process of core CPI seems to have stagnated. There is no doubt that this will be a topic to be discussed at the FOMC meeting in December.
Bureau of Labor Statistics: In November's inflation report, the housing index rose by 0.3%, accounting for nearly 40% of the growth of all projects in that month.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.Diplomat: The EU envoy failed to reach an agreement on the 15th round of sanctions against Russia.