Group 1 - The Spanish central bank has raised its GDP growth forecasts for the years 2025 to 2027, with 2025 expected to grow by 2.9%, up from the previous estimate of 2.6% made in September [1][2] - For 2026, the growth forecast has been increased from 1.8% to 2.2%, and for 2027, the forecast has been slightly raised from 1.7% to 1.9% [1][2] - The upward revision is attributed to strong household consumption, expansion of non-tourism service exports, and a decline in energy prices [1][2] Group 2 - The average inflation rate for 2025-2026 is expected to be slightly higher than previously anticipated, while in 2027, it is projected to fall below the target level of 2% [1][2]

Core Viewpoint - The World Bank has raised its forecast for China's economic growth in 2025 by 0.4 percentage points, attributing this to more proactive fiscal policies and moderately accommodative monetary policies that support domestic consumption and investment [2] Group 1: Economic Growth Factors - The Chinese government's more proactive fiscal policy and moderately accommodative monetary policy are supporting domestic consumption and investment [2] - China's export market is becoming more diversified, which helps maintain export resilience [2] Group 2: Future Economic Outlook - Future economic growth in China will increasingly rely on domestic demand [2] - Continued structural reforms and a more predictable business environment are expected to boost confidence and lay the foundation for resilient and sustainable growth [2]

Market Overview - The three major stock indices rose, with the S&P 500 approaching 6900 points, closing at 6886.68 points, up 0.67% [1] - The Federal Reserve announced a 25 basis point interest rate cut, aligning with market expectations, leading to a 1.05% increase in the Dow Jones, which closed at 48057.75 points [1] - The 2-year Treasury yield fell nearly 5 basis points to 3.564%, while the 10-year Treasury yield decreased by 2.4 basis points to 4.163% [4] Popular Stocks Performance - Major tech stocks showed mixed results: Amazon rose by 1.7%, Tesla by 1.4%, Google by 1.0%, Oracle by 0.7%, and Apple by 0.6%. However, Nvidia fell by 0.6% and Meta by 1.0% [2] - In the banking sector, JPMorgan rose by 3.2%, Wells Fargo by 2.0%, and Goldman Sachs, Citigroup, and Bank of America all increased by over 1% [3] Economic Indicators - The Federal Reserve's decision to cut rates was supported by a 9-3 vote, with future actions dependent on employment and inflation signals [4] - The Fed's economic forecast for GDP growth in 2026 was raised from 1.8% to 2.3%, while the unemployment rate estimate for next year remained at 4.4% [4] - Market sentiment improved as traders anticipated a 78% probability that the Fed would keep rates unchanged in January [4] Company-Specific Developments - General Electric's energy division surged nearly 16% after announcing a doubling of its quarterly dividend and expanding its stock buyback program, with 2025 revenue expectations nearing the upper limit of $36 to $37 billion [4] - Netflix saw a decline of 4.1%, while Warner Bros. Discovery rose by 4.5% amid acquisition competition with Paramount [5] Commodity Performance - International oil prices rebounded, with WTI crude oil rising by 0.36% to $58.46 per barrel and Brent crude oil increasing by 0.44% to $62.21 per barrel [6] - Gold prices fluctuated, with COMEX gold futures dropping by 0.24% to $4196.40 per ounce, but later trading around $4240 following the Fed's decision [7] - Silver reached a historic high, with COMEX silver futures surpassing $62, gaining over 2% in the day [7]