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2024-12-13 10:27:15

Bank for International Settlements: The biggest threat to global stability is the debt carnival of governments. The Bank for International Settlements (BIS) said that the biggest threat to world economic stability is the government's borrowing habits, and the recent changes in market sentiment should be vigilant. Claudio Borio, a senior official of BIS, said in his quarterly report that priority should be given to repairing public finances before the panic of bond investors spreads. "The global financial outlook is still very worrying," said the retiring head of the BIS monetary and economic department. "The trajectory of government debt poses the most serious threat to macroeconomic and financial stability."Market information: Trump's nominee for US Treasury Secretary Bessent supports Federal Reserve Chairman Powell to complete his entire term.South Korea's unemployment rate in November was 2.7%, expected to be 2.7%, and the previous value was 2.70%.


The quarterly rate of manufacturing activity in New Zealand in the third quarter was -1.2%, and the previous value was 0.60%.Market information: US President Biden seeks to veto once and for all the merger of Nippon Steel (Nippon Steel) and American Steel Company (X).The New Zealand dollar just hit the 0.5800 mark against the US dollar, and the latest report was 0.5800, down 1.08% in the day.


The three major European stock indexes closed down across the board. The German DAX index fell 0.08% to 20329.16 points, the French CAC40 index fell 1.14% to 7394.78 points, and the British FTSE 100 index fell 0.86% to 8280.36 points.Bank for International Settlements: The biggest threat to global stability is the debt carnival of governments. The Bank for International Settlements (BIS) said that the biggest threat to world economic stability is the government's borrowing habits, and the recent changes in market sentiment should be vigilant. Claudio Borio, a senior official of BIS, said in his quarterly report that priority should be given to repairing public finances before the panic of bond investors spreads. "The global financial outlook is still very worrying," said the retiring head of the BIS monetary and economic department. "The trajectory of government debt poses the most serious threat to macroeconomic and financial stability."On December 11th, Bitcoin fell below $95,000, down 0.68% in the day.

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