Market participants: In 2025, the steel industry may deduce the upstream profit-making logic. At the 2025 China steel market prospect and the annual meeting of "My Steel", whether the profit space of steel enterprises can be enlarged in 2025, whether the supply-side capacity will be withdrawn in an orderly manner, and what factors should be relied on for the long-term development of enterprises have become the minds of many participants. The industry believes that the survival pressure of steel enterprises may be eased in 2025. The upstream supply of iron ore, coke and coking coal will reduce their prices, and the cost of steel enterprises will fall. The market may deduce the upstream profit-making logic. Market participants said that although steel prices are still expected to decline in 2025, the profit margin of steel enterprises may increase. (SSE)The Palestinian Islamic Jihad (Jehad) said that a delegation, including its leaders, arrived in Cairo on Wednesday to discuss the negotiation of the hostage-for-prisoner agreement.Australia's S&P/ASX200 index opened up 17.50 points, or 0.21%, at 8371.1 points on Thursday, December 12th.
"The number of accounts opened exceeds expectations" is a general evaluation of the pilot situation of personal pension in the industry. Starting with the announcement of the pilot list of 36 cities (regions) on November 25th, 2022, by the end of June 2023, in less than one year, the number of people opening individual pension accounts has reached 40.3 million, and by the end of June 2024, the number of people opening individual pension accounts in China has exceeded 60 million. (Securities Times)Meta's Instagram said that its service has returned to normal after the interruption. According to Downdetector.com, a network status tracking website, after thousands of users encountered technical problems when accessing the Instagram platform on Wednesday, Instagram said that its service was back online. During the peak period of failure, which started around 12:50 pm EST, Facebook reported more than 100,000 failures and Instagram reported nearly 70,000 failures. As of 6: 00 pm EST, the number of reports from these two applications has dropped to more than 1,000. Downdetector data is based on reports submitted by users. The actual number of users affected may vary.Goldman Sachs upgraded Societe Generale to neutral. Chris Hallam, an analyst at Goldman Sachs, had a previous rating of sell. The target price is 29.25 euros, which is 9% higher.
The onshore RMB closed at 7.2615 yuan against the US dollar at night, down 124 points from Tuesday's night closing. The turnover was $57.609 billion.Market News: The United Nations General Assembly adopted a resolution by an overwhelming majority, demanding an immediate and unconditional permanent ceasefire in the Gaza Strip.Public offerings frequently employ conservative products of fund managers to seek attack. Driven by the positive sentiment in the stock market, many fund companies have recently strengthened the "share" of products and the layout of specific tracks by hiring more aggressive fund managers. The reporter noted that in the announcements of hiring fund managers by many fund companies, the importance of product "stock" and high flexibility track was highlighted. For example, some conservative funds hire fund managers who like high positions, some funds who buy dividend resources stocks hire internet fund managers, and some funds hope to strengthen the layout of hard technology and hire semiconductor fund managers. The insiders believe that Public Offering of Fund's offensive features in hiring more fund managers are related to his judgment on the positive rebound in the stock market. Many fund companies stressed that even if the market outlook index is average, structural opportunities will be highlighted and the profit-making effect will not decrease, which may be a market feature for a long time to come. (Securities Times)