The Nasdaq rose to 1%, while the S&P 500 index rose 0.58% and the Dow rose 0.1%.The power company said that Nigeria suffered a nationwide power outage due to power grid failure.Market news: Russia may use new medium-range ballistic missiles to Ukraine.
Vanguard went against tradition and suggested the strategy of "six shares of debt and four shares" to deal with policy risks. In view of the high interest rate and stock valuation, Vanguard Group suggested that investors establish defensive positions in the new year and increase their investment in bonds instead of stocks. The company's 2025 outlook lists the asset allocation model built by economists and portfolio teams, which allocates 62% of the funds to fixed-income securities and the remaining 38% to stocks. In contrast, the ratio of stocks to bonds in the traditional portfolio is 60% to 40%. Although the US economy is still strong, the stock market valuation is close to historical highs, which makes stocks more vulnerable to potential policy risks after Trump takes office. At the same time, interest rates may remain higher than those in the 2010 s, thus providing investors with stable income and more protection in the case of risk aversion.Canada's 10-year bond yield recovered its early decline, rising by 1.1 basis points to 3.030%.On December 11th, 2024, China International Cargo Airlines Co., Ltd. (referred to as Air China) disclosed its prospectus, and planned to issue new shares and go public in Shenzhen in the near future.
Canada's 10-year bond yield recovered its early decline, rising by 1.1 basis points to 3.030%.Barclays: M&A and cooperation between banks and financial technology companies will grow.Bank of Canada: Wage growth shows signs of slowing down, but wage growth related to productivity is still at a high level.