Offshore RMB and Australian dollar rose slightly. Affected by the news, USD/offshore RMB fell 0.1% to 7.2696. AUD/USD rose 0.2% to 0.6381. A foreign exchange trader in Asia said that the small leveraged account that shorted AUD/USD on Wednesday also closed its position. NZD/USD rose 0.1% to 0.5792.CITIC Securities: The resonance between supply and demand of medical beauty accelerates the space expansion, and the difference in operating ability promotes the evolution of the industry structure. CITIC Securities Research Report stated that the medical beauty industry has both medical and consumption attributes, and the medical attribute has strong product-driven characteristics, while the consumption attribute has high operating ability requirements. The medical beauty botulinum toxin track is also affected by the dual attributes of medicine and consumption: 1) The increase in penetration rate, the acceleration of compliance substitution and the extension of indications have brought about high demand for medical beauty botulinum toxin, and with the recent supply expansion, the industry scale has experienced high growth; 2) The iteration of product innovation is slow, brand barriers are created through marketing, doctors are empowered through direct sales, and control is strengthened to enhance product competitiveness. Recently, a variety of medical botulinum toxins in China have been approved, and the promotion of low-priced products is expected to push up the penetration rate, and enterprises with strong operational capabilities will enter the market or promote the evolution of the pattern.South Korean President Yin Xiyue will speak to the people again. The reporter learned on the 12th local time that South Korean President Yin Xiyue will speak to the people again. (CCTV News)
Survey: Most Japanese companies expect Trump 2.0 to damage the business environment. According to a survey in Reuters, nearly three-quarters of Japanese companies expect Trump's second US presidency to have a negative impact on the business environment of Japanese companies. The reasons for concern include the planned tariff increase and trade tensions. The manager of a machinery manufacturer wrote in the survey: "It is difficult to predict his policies, which makes it difficult for our client company to make investment decisions"; Although 73% of the respondents said that Trump's second entry into the White House will not have a favorable impact on their business environment, the rest of the respondents expect a positive impact, including the expectation that domestic demand in the United States will expand through tax cuts, and energy and environmental policies may also be revised; When asked what measures they would take if Trump raised tariffs, two-thirds of the respondents said their business strategy was unlikely to change, 22% said they would cut costs, and 8% said they would work hard to expand their cultivation in markets outside the United States.Australian Prime Minister: Papua New Guinea rugby team will enter the Australian League in 2028.The Embassy of China in Sudan once again reminds China citizens not to go to Sudan for the time being, and to leave the Sudan as soon as possible if there is no necessary reason. Recently, air strikes and shelling incidents have occurred frequently in Sudan, causing a large number of civilian casualties and the overall security risks remain high. The Embassy in Sudan once again reminded China citizens not to go to Sudan in the near future, and suggested that citizens in China should leave the country as soon as possible if there is no need to stay in the country.
Market news: Australia will punish technology giants who don't pay for news.High-word-of-mouth movies rush to the box office at the end of the year. The Spring Festival file in 2025 is expected to usher in a strong performance. According to the data of Lighthouse Professional Edition, as of December 11 (17: 40), the cumulative box office of 20 movies in 2024 has reached 1.119 billion yuan. Among them, "Good Things" has a box office of 569 million yuan and a douban score of 9.1, which leads both word-of-mouth and box office. In addition, this week's three potential new films, Broken Hell, Misjudgment and Lion Boy 2, have been screened and entered the box office sprint at the end of the year. It is also known that four films, Nezha's Devil Children Roaring the Sea, The Legend of the Condor Heroes: The Great Man, The Fortunes of the Gods Part II: The War in the West, The Bear Appears and Restarts the Future, have been confirmed to be scheduled for the Spring Festival in 2025. The "National Film Consumption Season for the benefit of the people" launched by the State Film Bureau on December 9 will last from December 2024 to February 2025, and a total of not less than 600 million yuan will be invested in movie viewing subsidies, covering the Lunar New Year and Spring Festival files, which will help promote the market's enthusiasm for watching movies. Huatai Securities released a research report saying that the box office of the Spring Festival in 2025 is expected to usher in a strong performance. In 2025, the supply and demand sides of the film market are expected to improve, or will push the fundamental inflection point of the cinema line plate upward. (Securities Daily)Huatai Securities: It is expected that the Fed will cut interest rates by 25bp in December, but the path of interest rate cut in 2025 is highly uncertain. Huatai Securities said that the overall inflation in November in the United States was in line with expectations, and the slight cooling of service inflation partially eased the market's concerns about inflation rebound. It is expected that the Fed will cut interest rates by 25bp in December, but the path of interest rate cut in 2025 is highly uncertain. Recently, the overall economic momentum of the United States has rebounded: from September to November, the PMI of Markit manufacturing in the United States has rebounded for three consecutive months; After the election, enterprises, especially small enterprises, are expected to improve, and the recent NFIB SME confidence index has rebounded significantly; The latest Atlanta GDP Now shows that the fourth quarter GDP growth rate of the United States is 3.3% year-on-year. However, considering that the unemployment rate data rebounded in November, and the recent inflation is still relatively moderate, we expect that the recent data may not prevent the Fed from cutting interest rates at its December meeting next week. However, in 2025, the growth and inflation path of the United States was disturbed by the Trump policy, and the Federal Reserve may "make a camera choice" on the basis of watching the overall economic trend. There is uncertainty in the path of interest rate cut in 2025.