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The consumption potential of the trade-in policy continued to be released. According to the VAT invoice data released by State Taxation Administration of The People's Republic of China on December 11th, from January to November, the retail sales revenue of household audio-visual equipment such as televisions and household appliances such as refrigerators increased by 15.9% and 18.7% respectively. The sales revenue of furniture retailing and sanitary ware retailing increased by 16.8% and 12.5% respectively. Experts said that recent data from various aspects show that the effect of the trade-in policy for consumer goods has appeared and the consumption potential has been continuously released. In the next stage, with the continuous expansion of the coverage of the "two new" policies and the recent package of economic incremental policies, the policy effect is expected to be further revealed. (CSI)National Bank of Canada: cut the benchmark interest rate by 50 basis points to 5.45%.Russian Foreign Intelligence Agency: After using the Hazelnut missile, NATO is worried that the "aggression" against Russia will become the basis for Russia to make a decisive response.

The US dollar index rose on the 11th. The US dollar index, which measures the US dollar against six major currencies, rose by 0.29% that day and closed at 106.710 in the foreign exchange market. As of the end of the new york foreign exchange market, 1 euro was exchanged for 1.0492 US dollars, lower than 1.0527 US dollars in the previous trading day; One pound was exchanged for $1.2745, down from $1.2774 in the previous trading day. One dollar was exchanged for 152.65 yen, higher than 151.93 yen in the previous trading day; One dollar was exchanged for 0.8848 Swiss francs, higher than 0.8829 Swiss francs in the previous trading day; 1 dollar to 1.4162 Canadian dollars, down from 1.4165 Canadian dollars in the previous trading day; One dollar was exchanged for SEK 10.9791, higher than SEK 10.9750 in the previous trading day.Russian Presidential Press Secretary: Russia supports the exchange of prisoners of war between Russia and Ukraine proposed by Hungarian Prime Minister. On December 12, local time, Russian Presidential Press Secretary peskov said that Hungarian Prime Minister Orban proposed the exchange of prisoners of war between the two sides and a ceasefire during the New Year holiday on the 11th. The Russian side has submitted the Russian proposal for prisoner exchange to the Hungarian Embassy in Russia. Judging from Zelensky's reaction, the Ukrainian side rejected all Orban's proposals. Peskov emphasized that Russia supports Orban's proposal and the settlement of humanitarian issues related to the exchange of prisoners of war. (CCTV News)US stocks closed: Nasdaq stood at 20,000 points for the first time in history, and star technology stocks such as Google and Tesla hit record highs. US stocks closed mixed, with the Dow down 0.22%, the S&P 500 index up 0.82% and the Nasdaq up 1.77%, breaking through 20,000 points for the first time and hitting a new record high. Star technology stocks are climbing, with Tesla, Google, Amazon, Meta and Netflix all hitting record highs. Among them, Tesla and Google rose by nearly 6%, while Amazon, Meta and Nai soared by more than 2%. Bitcoin regained its position of $100,000, and cryptocurrency concept stocks soared collectively. MicroStrategy rose by more than 9%, Riot Platforms rose by more than 6%, and Bit Digital and Coinbase rose by nearly 4%. Gold and silver mining stocks generally rose, Cordillen Mining rose more than 5%, Pan American Silver rose more than 3%, and harmony Gold and Hekela Mining rose nearly 3%.

The Brazilian real rose to 1.6% against the US dollar.Erdogan, Turkey: Thanks to the leaders of Somalia and Ethiopia for achieving historical reconciliation.Dollar deposits and wealth management are popular again. Experts suggest paying attention to exchange risk. Although it is in the cycle of interest rate reduction by the Federal Reserve, dollar deposit products are still attractive to investors. Since December, a number of bank wealth management subsidiaries have intensively put on shelves US dollar wealth management products. Judging from the rate of return, the performance benchmark of some US dollar fixed-income wealth management products currently launched is close to 5%, but the performance benchmark of RMB wealth management products with the same risk level is mostly around 2%. According to the statistics of Puyi standard data, as of December 9, there were 1,312 surviving products in US dollar financing, and the surviving scale of US dollar financing reached 281.927 billion yuan, which has doubled from the surviving scale of 140.351 billion yuan at the end of December last year. In addition, although banks have previously lowered the interest rate of dollar deposit products, from the current point of view, the interest rate of some banks' dollar deposits remains above 4%, attracting many customers to buy. According to industry insiders, under the Fed's interest rate cut cycle, the main reason for the high heat of dollar wealth management and dollar deposits is the exchange rate expectation of a strong dollar. If the market expects the US dollar to appreciate or remain stable, holding US dollar assets (such as US dollar wealth management and US dollar deposits) can benefit from the potential exchange rate appreciation even if interest rates fall. In addition, in order to diversify risks, some investors choose to allocate part of their funds to US dollar assets to realize diversification of asset allocation. (Securities Daily)