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International oil prices rose on the 11th. As of the close of the day, the futures price of light crude oil for January 2025 in the New York Mercantile Exchange rose by $1.70 to close at $70.29 per barrel, an increase of 2.48%. London Brent crude oil futures for delivery in February 2025 rose by $1.33 to close at $73.52 per barrel, an increase of 1.84%.The concept of high-speed copper connection is very popular. Recently, benefiting from the explosive demand growth of AI computing power, the market funds focus on the supporting concept of high-speed copper connection in the upper reaches of NVIDIA. On December 11th, a number of high-speed copper connection concept stocks rose sharply, with Zhaolong Interconnect rising by 12.58%, Woer Nuclear Materials by 8.70%, Shenyu Shares by 4.77% and Derun Electronics by 4.99%. High-speed copper connection, also known as high-speed connector, is a core data transmission component, which constitutes an efficient signal transmission system. Manager Public Offering of Fund said that the concept stocks of high-speed copper connection continued to rise, which actually benefited from the explosion of demand for AI computing power. Invista once introduced at GTC2024 that NVL72 uses copper cable interconnection to save costs significantly compared with optical modules. Shanxi Securities predicts that the new market of high-speed copper cable brought by GB200 will be close to 6 billion US dollars in 2025, and the usage scenarios of high-speed copper cable will continue to expand. It is found that a number of public and private equity funds have heavily invested in the concept stocks of high-speed copper connections that have risen recently in the third quarter. There are also fund managers who heavily invested in related stocks in the second quarter, but significantly reduced their positions in the third quarter, missing the rise of concept stocks in the fourth quarter. There are also some fund managers who continue to be optimistic about the stimulation of the demand of upstream industries caused by the outbreak of AI computing power, and have successively added high-speed copper connection concept stocks. (Securities Times)Hengdian Dongci: It is planned to transfer 100% equity of its wholly-owned subsidiary Dongshang New Energy for 500 million yuan. Hengdian Dongci announced that according to the company's strategic development plan, it is planned to sell 100% equity of its wholly-owned subsidiary Lianyungang Ganyu Dongshang New Energy Co., Ltd. (referred to as "Dongshang New Energy") to Zhejiang New Energy Investment Group Co., Ltd. (referred to as "Zhejiang Xinneng"), and the equity transfer price is about 500 million yuan (finally, the power generation income during the net assets deduction period on the delivery date is calculated as) After the completion of this transaction, Dongshang New Energy will no longer be included in the scope of the company's consolidated statements, which is expected to increase the company's total profit and cash flow in 2024.

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)Ge Vernova Inc.(GEV) has signed several contracts to sell natural gas turbines to 5 GW data center.The yield of 20/30-year US Treasury bonds rose by more than 5 basis points on the release date of US CPI inflation data. Investors also paid attention to oil prices and Yellen's new debt supply. At the end of new york on Wednesday (December 11), the yield of US 10-year benchmark government bonds rose by 3.89 basis points to 4.2652%. After the release of US CPI inflation data at 21:30 Beijing time, it plunged significantly and refreshed at 22:41 (the beginning of US stock market). Then it rebounded, and the results released at 02:00 showed that the auction of 10-year US bonds was strong, the bid multiple reached a new high since 2016, and the yield reached 4.2750% at 03:00. The yield of two-year US bonds rose by 1.02 basis points to 4.1532%, and reached 4.1741% at 21:17 (less than a quarter of an hour before the release of the US CPI data). After the data was released, it plunged, and reached 4.0969% at 22:41, and then gradually rebounded.

Market news: The doctor said that the operation of Brazilian President Lula was successful.The Israeli army said it had withdrawn from the Shyam area in southern Lebanon. On the evening of 11th local time, the Israel Defense Forces announced that according to the ceasefire agreement reached with Hezbollah in Lebanon, the troops had withdrawn from the Shyam area in southern Lebanon that morning, and Lebanese Armed Forces soldiers would be deployed in the area together with the United Nations Interim Force in Lebanon. The Israeli military says it is still deployed in other parts of southern Lebanon and will continue to fight any threat.Central Economic Work Conference: Next year, a more active fiscal policy will be implemented, the fiscal deficit ratio will be raised, and extra-long special government bonds will be issued. The Central Economic Work Conference will be held in Beijing from December 11th to 12th. The meeting pointed out that it is necessary to maintain stable economic growth next year, maintain overall stability in employment and prices, maintain a basic balance of international payments, and promote the simultaneous growth of residents' income and economic growth. The meeting demanded that next year, we should persist in striving for progress in stability, promoting stability through progress, keeping integrity and innovation, establishing before breaking, system integration and coordination. It is necessary to implement a more active fiscal policy, improve the fiscal deficit ratio, increase the issuance of ultra-long-term special government bonds, increase the issuance and use of local government special bonds, optimize the fiscal expenditure structure, and secure the bottom line of "three guarantees" at the grassroots level. (CCTV News)