农银国际证券：每天导读-20241214

Market Overview - The Hang Seng Index closed at 20,397.05, up by 1.20% for the day and 4.28% over the past five days [3] - The H-share index closed at 7,360.10, with a daily increase of 1.53% and a five-day increase of 4.93% [3] - The A-share market showed positive performance, with the CSI 300 index rising [5] Economic Indicators - The US Producer Price Index (PPI) increased by 0.4% month-on-month, marking the largest rise since June, with a year-on-year increase of 3% [13] - Core PPI, excluding food and energy, rose by 0.2% month-on-month and 3.4% year-on-year [13] - The European Central Bank (ECB) has lowered interest rates for the third consecutive time, indicating a total easing of 100 basis points since June [11][12] Corporate News - Blackstone is set to acquire Tokyo Garden Terrace Kioicho for approximately $2.6 billion, marking the largest foreign real estate acquisition in Japan's history [27] - Broadcom reported earnings exceeding expectations, with AI product sales projected to grow by 65% in the first fiscal quarter [27] Regulatory Developments - Chinese regulators have mandated that bank wealth management subsidiaries cease using self-built models for investment product valuations [23][24] - China is expected to increase fiscal spending to stimulate consumption, with a focus on enhancing the social security system [19][20]