News

U.S. President Trump believes that subcompact cars are a huge market in the United States.

US President Trump: The United States will soon control the majority of the chip market.

The Russian ambassador to Venezuela said Russia would consider providing assistance if Venezuela requested it.

The Dow's late gains extended to 1%.

Spanish Economy Minister: Spain will only use about 25% of available loans from the EU recovery fund. Spain has yet to feel any significant impact of U.S. tariffs at a macro level. Spain is confident that a trade agreement between the European Union and Mercosur can be signed before the end of the year.

The Fed accepted a total of $2.514 billion from 40 counterparties in fixed-rate reverse repurchase operations.

Spanish Economy Minister: Once ECB Vice President Guindos leaves office, Spain will strive to maintain its seat on the ECB Executive Committee.

The United States is proposing to eliminate carbon credit trading by automakers to meet fuel economy regulations, sources said.

U.S. officials and automakers say the White House will announce significant reductions in fuel economy requirements.

The German DAX30 index closed down 14.85 points, or 0.06%, at 23695.02 points on December 3 (Wednesday);The British FTSE 100 index closed down 13 points on December 3 (Wednesday) .20 points, down 0.14%, to 9688.60 points;FCHI index closed up 12.81 points, or 0.16%, to 8087.42 points on December 3 (Wednesday);Europe The Stoxx 50 index closed up 10.93 points, or 0.19%, at 5697.10 points on December 3 (Wednesday);The Spanish IBEX 35 index closed up 124 points on December 3 (Wednesday) .55 points, an increase of 0.76%, to 16590.55 points;Italy’s FTSE MIB index closed up 10.17 points, or 0.02%, to 43365.00 points on December 3 (Wednesday).

EIA report: Total U.S. gasoline inventories increased by 4.5 million barrels in the week to November 28 from the previous month, about 2% lower than the five-year average for the same period.

The British Ministry of Environment: After the outbreak of African swine fever, the UK will allow the import of pork from disease-free areas in Spain. All fresh pork and other affected products from the affected areas are restricted.

The U.S. 4-month Treasury bond auction as of December 3 - the winning rate allocation percentage was 53.3%, compared with the previous value of 97.73%.

The U.S. 4-month Treasury bond auction as of December 3 - the bid-to-bid ratio was 3.17, compared with the previous value of 2.84.

The U.S. 4-month Treasury bond auction as of December 3 - the winning interest rate was 3.62%, compared with the previous value of 3.74%.

U.S. Treasury Department Economic Advisor Lavonia: Seeing tariffs being absorbed by profits.

Lavonia, economic adviser to the U.S. Treasury Department: He does not believe that tariffs will cause inflation. The root cause of inflation lies in the service industry.

U.S. Treasury Department Economic Advisor Lavonia: Tariffs are expected to have minimal impact on inflation next year.

U.S. Treasury Department Economic Advisor Lavonia: We need help from the Federal Reserve, but the economy will eventually recover. Trump has been whetting our appetites over the timing of his Fed appointments.

EIA report: U.S. crude oil imports from Mexico fell to their lowest level on record last week.