German Chancellor Angela Scholz called for a vote of confidence to pave the way for the February 23rd election.U.S. stock index futures expanded before the market, with S&P 500 futures up 0.4%, Nasdaq futures up 0.6% and Dow futures up 0.2%.Analyst Kaye: Consumer energy prices rose slightly month by month in November, but dropped by more than 3% compared with the same period last year. The prices of all kinds of gasoline dropped by more than 8% year-on-year. According to the data of the Automobile Club of the American Automobile Association, the average price of gas stations has been falling in recent weeks, approaching the threshold of $3 per gallon.
Ping An Property & Casualty Shanghai Branch responded with a fine: the internal accountability mechanism was started, and the rectification work was carried out. On December 11th, the ticket disclosed by Shanghai Supervision Bureau of the State Financial Supervision and Administration Bureau showed that China Ping An Property Insurance Co., Ltd. Shanghai Branch was fined 730,000 yuan for entrusting an institution without legal qualification to engage in insurance sales activities, and compiling or providing false reports, statements, documents and materials. In this regard, Ping An Property & Casualty Shanghai Branch responded that the company completely obeyed the punishment decision of the regulatory authorities, and ordered the punished institutions to carefully analyze the causes of the problems found in the supervision at the first time, and started the internal accountability mechanism to pursue the relevant responsible persons. In response to the problems pointed out by the regulatory authorities, the relevant departments have been instructed to take the lead in organizing the relevant institutions to carry out rectification work, and to carry out self-examination and self-correction of related problems and centralized rectification work. (澎湃)TCL Global Technology Innovation Conference was held in Shenzhen, and on December 11th, TCL Global Technology Innovation Conference was held in Shenzhen, which released 16 technological breakthroughs, including 5 AI applications in all fields and scenarios. In 2024, TCL created economic benefits of 540 million yuan by promoting the implementation of AI applications. (Shenzhen Special Zone Daily)MetLife and General Atlantic are planning to form a reinsurance joint venture. It is reported that MetLife and General Atlantic are forming a reinsurance joint venture, which is the latest trend that insurance companies and alternative fund management companies jointly improve the return on low-risk insurance assets. Chariot Reinsurance, the joint venture, will have an initial equity of more than $1 billion, with MetLife and General Atlantic Insurance each holding about 15%. In addition, the insurance company Chubb will also become one of the major investors in the joint venture. The joint venture will be established in the first half of 2025, led by Cynthia Smith, who recently served as the head of the regional welfare business of Metropolitan Insurance Group.
German Chancellor Scholz: Decisions need to be made before the end of the year, such as improving children's welfare. It is necessary to solve the financial drag problem before the end of the year.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.Albertson shares rose 1.6% before the market closed.