According to the updated federal model, omicron is causing an increase in the proportion of people infected with the new crown in the United States, but its rate of becoming a major mutant strain is not as fast as previously estimated. The Centers for Disease Control and Prevention (CDC) Nowcast model showed on Tuesday that as of the week of December 25, omicron accounted for 58.6% of COVID-19 cases in the United States that had undergone genetic sequencing, which was higher than the 22.5% estimated a week ago. The delta variant strain, which was once dominant, accounted for 41.1% of cases. Nowcast made these estimates based on genetic sequence data.

U.S. housing price growth slowed for the third consecutive month in October. The index released on Tuesday showed that the S&P CoreLogic Case-Schiller US 20-city home price index rose 18.4% in October, which was lower than the 19.1% increase in September. According to the index, housing prices in Phoenix rose by 32%. Tampa, Florida, and Miami followed closely, rising 28% and 26%, respectively. During the epidemic, housing prices soared, which triggered a house-robbing war amid the tight housing supply across the United States. The S&P CoreLogic Case-Schiller US 20-City House Price Index reached a record level in July after rising for 13 consecutive months.

Bitcoin expanded its decline and aggravated the overall decline in December, as risky assets such as stocks and junk bonds continued to rise. Bitcoin fell 6.5% on Tuesday; as of 12:37 pm New York time, the transaction price was approximately $47,760. The second-largest cryptocurrency Ethereum and Bloomberg Galaxy's cryptocurrency index each fell by about 7%. According to CoinGecko data, smaller cryptocurrencies such as Solana, Cardano, Polkadot and Dogecoin also fell on Tuesday. Recently, investors have withdrawn from some of the most speculative corners of the global market, worrying that the central bank's reduction of stimulus measures may cause trouble.

Thanks to improved business confidence, easing of factory inflationary pressures and acceleration of auto sales, China's economy grew at a moderate pace in the last month of this year. However, the decline in the real estate industry and the slowdown in external demand cast a shadow over the prospects of the world's second largest economy. This is what Bloomberg shows in a composite index of 8 early indicators this month. The overall index remained unchanged in December, indicating that the economy is still growing steadily, but some real-time economic data sent mixed signals.

According to the announcement on the website of the People's Bank of China, government approval procedures will be simplified and optimized to help domestic financial institutions to issue bonds in the Hong Kong market. The People's Bank of China and the National Development and Reform Commission will optimize the approval process and abolish an interim measure. After the aforesaid measures are repealed, the issuance of capital and foreign currency bonds by domestic financial institutions in Hong Kong and other offshore markets will not be affected, and the procedures will be simpler and optimized. Within the approved quota, the issuer can independently choose the specific issuance area and issuance window to propose to the central bank For overseas bond issuance applications, the central bank shall approve the balance of its bonds in local and foreign currencies, and at the same time apply to the National Development and Reform Commission for filing and registration procedures.

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