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European Central Bank President Lagarde: Increased global trade friction may weaken economic growth. European Central Bank President Lagarde: Increased global trade friction may weaken economic growth, and the growth prospects are facing downside risks. The downside risks of inflation include low market confidence, geopolitical pressure and low investment. The intensification of trade friction will make the inflation prospect more uncertain.The US Secretary of State met with Jordan's King and Deputy Prime Minister to discuss the situation in Gaza and Syria. On December 12, local time, the State Council issued a statement saying that US Secretary of State Blinken met with Jordan's Deputy Prime Minister and Minister of Foreign Affairs and Overseas Chinese Affairs Assafadi and Jordan's King Abdullah II in Aqaba that day, and discussed issues such as reaching a ceasefire agreement in Gaza, ensuring the release of all detainees, providing humanitarian assistance to Palestinian civilians in all parts of Gaza and the situation in Syria. Blinken said that the United States supports the Syrian-led political transition. Blinken said that Syria must take all measures to protect civilians and promote the entry of humanitarian aid. Abdullah II reiterated that Jordan respects the choice of the Syrian people, but also stressed the importance of maintaining Syria's security and protecting its citizens. In addition, Abdullah II stressed that the first step to achieve a comprehensive ceasefire in the region is to stop Israeli attacks on Gaza. Abdullah II pointed out that achieving this goal requires immediate and serious international action. The meeting also discussed efforts to strengthen the humanitarian response to Gaza. Talking about the situation in the West Bank, Abdullah II warned the danger of Israel's unilateral actions and condemned Israel's continued attacks on Jerusalem and other places. He once again stressed that the "two-state solution" is the only way to achieve a just and comprehensive peace and the key to preventing the region from falling into more conflicts. (CCTV News)WTI crude oil futures fell below $70/barrel, down 0.43% in the day; Brent crude oil fell 0.43% in the day to $73.05/barrel.

Central Economic Work Conference: Keep the RMB exchange rate basically stable at a reasonable and balanced level. The Central Economic Work Conference was held in Beijing from December 11th to 12th. The meeting proposed to implement a moderately loose monetary policy. Give full play to the dual functions of the total amount and structure of monetary policy tools, reduce the RRR and interest rates in a timely manner, maintain sufficient liquidity, and match the scale of social financing and the growth of money supply with the expected goals of economic growth and overall price level. Keep the RMB exchange rate basically stable at a reasonable and balanced level. Explore and expand the macro-prudential and financial stability functions of the central bank, innovate financial instruments, and maintain the stability of the financial market.German 2-year bond yields rose by 1 basis point to 1.96%.Baidu and Geely have started the internal transfer process to pay social security for employees of Jiyue in November. On the evening of December 12, the employee representative of Jiyue, Xia Yiping, CEO of Jiyue, and two major shareholders of Geely and Baidu held a closed meeting. Interface news learned that after several rounds of communication, Baidu and Geely are taking the transfer process to pay the arrears of social security for employees in November. (Interface)

European Central Bank President Lagarde: The decline in corporate profit margins is due to the increase in the cost of absorbing labor. European Central Bank President Lagarde: It is observed that corporate profit margins have declined. Inflation risk is not a two-way street. The prospect of economic productivity is improving. The decline in profit margin is due to the increase in the cost of absorbing labor.Government statement: British Prime Minister Stamer will attend the informal meeting of EU leaders in Brussels on February 3rd.Central Economic Work Conference: Implementing the Medical and Health Foundation Project and Formulating the Policy of Promoting Birth, which was held in Beijing from December 11th to 12th. The meeting proposed to implement employment support plans for key areas, key industries, urban and rural grassroots and small and medium-sized enterprises to promote the employment of key groups. Strengthen the protection of workers' rights and interests in flexible employment and new employment forms. We will implement policies to help industries and employment, ensure that large-scale return to poverty does not occur, and ensure the basic livelihood of people in need. Promote the high-quality and balanced development of compulsory education and solidly promote the expansion of high-quality undergraduate courses. Implement the medical and health foundation project and formulate policies to promote fertility. Develop community-supported home-based care for the aged and expand inclusive care for the aged. Adhere to and develop the "Fengqiao experience" in the new era and strengthen the public security system. (Xinhua News Agency)