2021-12-31 14:27:39
Biden and Putin held a 50-minute conference call, and Russia pushed forward the security agenda:
As the United States and its allies warned that Russia might invade Ukraine, U.S. President Joe Biden and Russian President Vladimir Putin held a telephone conversation on Thursday. The White House stated that the 50-minute conference call began at 3:35 pm Washington time (11:35 pm Moscow time). Joe Biden spoke on the phone with Vladimir Putin at his private residence in Wilmington, Delaware, USA on December 30. The Kremlin said that Putin hopes that this conference call can be a prelude to the European security negotiations at the beginning of the year. Biden picked up the call from his home in Wilmington, Delaware. Prior to this, Biden and Putin held a video call on December 7. The United States reiterated its commitment to Ukraine’s sovereignty and territorial integrity and warned that the Russian invasion would receive unprecedented economic punishment.
The European Central Bank should begin to withdraw from negative interest rates and unconventional monetary policies next year:
European Central Bank Management Committee member Robert Holzmann pointed out on the Austrian Central Bank website that next year, it will be decisive for the European Central Bank to gradually withdraw from negative interest rates and unconventional monetary policies while avoiding monetary financing.
The World Bank’s chief economist issued a warning on inflation and a double-dip recession:
"The new crown mutant strain omicron superimposes inflationary increases and many uncertainties in inflation. This is also a global concern. This is critical to whether you have confidence in the recovery," World Bank Chief Economist Carmen Reinhart told The Telegraph ".
U.S. crude oil production reached 11.47 million barrels per day in October, a record high since April 2020:
According to monthly data from the U.S. Energy Information Administration (EIA), U.S. crude oil production in October increased by 6% to 11.473 million barrels per day, the highest level since April 2020. Production in the Gulf of Mexico and Louisiana increased by 64% and more than 30% respectively from the previous month. After Hurricane Date, producers resumed production
House prices in the UK rose by 1% in December, the highest annual increase since 2006:
House prices in the UK recorded the strongest annual increase since 2006. The increase in December was higher than expected, and buyers were free of concerns about the rising number of new crown infections. The National Mortgage Association said on Thursday that in December, which is usually one of the quietest months of the year, the average house price in the UK rose by 1% to £254,822 (US$334,090). This is twice as high as economists expected. The annualized rate of increase climbed to 10.4%, the fastest in 15 years. Buyers who are tired of the epidemic lockdown are rushing to buy non-urban properties with more space and can work from home. With rising borrowing costs, tighter affordability, and poor household financial conditions restricting consumers' ability to continue to pay, this trend may be tested in 2022.
Xinhua News Agency: The chairman of the China Securities Regulatory Commission said that next year, he will work with relevant departments to prevent the market from going up and down:
China Securities Regulatory Commission Chairman Yi Huiman said in an interview with Xinhua News Agency that next year, he will work with relevant departments to implement comprehensive policies, take multiple measures to promote the smooth operation of the market, and resolutely prevent big ups and downs. We will prudently evaluate the conditions and timing of the introduction of major policies and measures in the capital market, and actively strengthen communication with the market. Give full play to the function of the commodity futures market and hedge against the violent fluctuations in commodity and energy prices. The conditions for full implementation of the registration system have gradually been met. At present, we are stepping up to formulate a market-wide registration system reform plan. Adhere to strict supervision of financing mergers and acquisitions in specific sensitive areas to promote the healthy development of capital standards. Properly resolve the risk of bond defaults, continue to cooperate with relevant parties to deal with the risks of key cases, and eliminate the impact of spillovers as much as possible.
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