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In November, the CPI of the United States hit its biggest increase in seven months, but it is unlikely to prevent the Fed from cutting interest rates next week. The consumer price index of the United States recorded its biggest increase in seven months in November, but it is unlikely to prevent the Fed from cutting interest rates for the third time next week in the context of the cooling job market. Data show that CPI rose by 0.3% last month, the biggest increase since April, after the index rose by 0.2% for four consecutive months. The year-on-year growth rate of CPI rose by 2.7% after rising by 2.6% in October. Compared with the peak of 9.1% in June 2022, the year-on-year growth rate of inflation has slowed down significantly. Nevertheless, in recent months, the process of reducing the inflation rate to the Fed's 2% target has actually stalled. However, the Fed is now more concerned about the labor market. Although employment growth accelerated in November after being severely disturbed by strikes and hurricanes in October, the unemployment rate accelerated to 4.2% after staying at 4.1% for two consecutive months.The Prime Minister of Qatar and the Spanish Foreign Minister called to emphasize the need to safeguard Syrian national unity. On December 11th, local time, the Prime Minister and Foreign Minister of Qatar called the Spanish Foreign Minister Alvarez. Apart from bilateral relations, the two sides focused on the situation in Syria. The two sides stressed the need to safeguard Syria's national unity, promote an inclusive political process and achieve a peaceful transfer of power in accordance with UN Security Council Resolution 2254, and all parties in Syria should also strengthen efforts to protect civilians and combat terrorism. The two sides also exchanged views on the latest situation in Gaza.ExxonMobil Oil: US President-elect Trump will bring good prospects to the US oil and gas industry. Support US President-elect Trump to repair the "broken" licensing system in the US energy field.

The UN Secretary-General visited South Africa and called on the G20 to reform global financial institutions. On December 11th, local time, UN Secretary-General Guterres visited South Africa and attended the first meeting of G20 finance ministers and central bank governors in Johannesburg after South Africa assumed the rotating presidency of G20. Guterres called on the G20 to achieve financial justice, reform global financial institutions and expand the global safety net. He also expressed support for South Africa as the rotating presidency of G20. In the afternoon, Guterres met with South African Foreign Minister Lamora in the South African Foreign Ministry Building. The two sides discussed the priorities of the G20 presidency, promoted the implementation of future agreements, and ensured the accelerated realization of sustainable development and climate commitments. (CCTV News)France urges Israel to withdraw from the Syrian buffer zone.Traders increased their bets on the Fed's interest rate cut in December.

Analyst Curran: There are almost no surprises in today's CPI data. The housing index rose by 0.3% in November, accounting for nearly 40% of the monthly increase in all projects.France urges Israel to withdraw from the Syrian buffer zone.US officials said that the United States is focused on providing Ukraine with the air defense system it needs to defend against Russian missiles and drones.