American family wealth climbed to a record high thanks to the rise of the stock market. Driven by the rise of the stock market before the US presidential election, American family wealth reached a record high in the third quarter. According to a report released by the Federal Reserve on Thursday, household net assets increased by nearly 4.8 trillion US dollars, up 2.9% from the previous quarter, reaching 168.8 trillion US dollars. The value of American stock holdings increased by 3.8 trillion US dollars, while the value of real estate decreased by nearly 200 billion US dollars. In the third quarter, investors benefited from the stock market rally, as the market expected the Federal Reserve to cut interest rates and Donald Trump to return to the White House next year. Since Trump won the election on November 5, the S&P 500 index has climbed to a new high due to the market expectation that the president-elect will promulgate a pro-business policy.Smith, Governor of Alberta, a major Canadian oil town: We don't agree to cut oil and gas exports to the United States.YiXixi sovereign bond yields in the euro zone rose by about 16 basis points at most. In 2024, the European Central Bank cut interest rates three times. The yield of French 10-year government bonds rose by 9.5 basis points to 2.987%, approaching the top of 3.032% on November 28th. US stocks briefly fell before the market, and reached a new low of 2.880% at 22:07 Beijing time (during the press conference of European Central Bank President Lagarde). The yield of Italian 10-year government bonds rose by 15.7 basis points to 3.348%, approaching the top of 3.410% on November 28th, and was on the rise all day, reaching a daily low of 3.218% at 21:56 (during Lagarde's press conference). Spain's 10-year bond yields rose by 11.6 basis points, while Greece's 10-year bond yields rose by 13.5 basis points.
The Danish central bank lowered its benchmark interest rate from 2.85% to 2.6%.Intel executives: I hope to cut $1 billion from "other sales costs".According to informed sources, Switzerland and the European Union reached a compromise on the issue of immigration. The "Swiss Agreement" includes a new version of the immigration protection clause.
Morgan stanley capital international's MSCI Nordic Countries Index fell 0.4% to 381.97. Evolution AB Group, an online gambling operator, fell 3.4%, which was the worst among the constituent stocks.The Danish central bank lowered its benchmark interest rate from 2.85% to 2.6%.Fitch: The possible trade policy changes after the results of the 2024 election in the United States will bring risks in 2025 and may reduce the demand for shipping companies.