Argentine Economy Minister Caputo: The government will not auction new public works.

Argentine Economy Minister Caputo: Energy and transportation subsidies will be reduced.

Argentine Economy Minister Caputo: Argentina’s biggest problem is its fiscal deficit.

Market News: The U.S. Federal Communications Commission (FCC) reiterated its decision to refuse nearly $900 million in subsidies to Starlink.

U.S. API refined oil inventories for the week to December 8 were 276,000 barrels, compared with expectations of 1.167 million barrels and the previous value of 890,000 barrels.

U.S. API refined oil imports in the week to December 8 were -253,000 barrels per day, compared with the previous value of 590,000 barrels per day.

U.S. API crude oil imports in the week to December 8 were -489,000 barrels, compared with the previous value of 900,000 barrels.

API heating oil inventories in the United States for the week to December 8 were 417,000 barrels, compared with the previous value of -540,000 barrels.

API crude oil production in the United States in the week to December 8 was -458,000 barrels per day, compared with the previous value of 490,000 barrels per day.

U.S. API Cushing crude oil inventories for the week to December 8 were 1.448 million barrels, compared with the previous value of 4.28 million barrels.

U.S. API gasoline inventories for the week to December 8 were 5.764 million barrels, compared with expectations of 2.4 million barrels and the previous value of 2.83 million barrels.

JPMorgan Chase (JPM.N) announced a quarterly dividend of $1.05 per share.

According to Nikkei: Japan will include relevant measures in the tax reform framework for fiscal year 2024 determined as early as this week, and will determine the scale of tax incentives based on the production and sales of eligible products.

According to Nikkei: Companies in Japan’s semiconductor industry will receive corporate income tax reductions of up to 20% each fiscal year.

According to Nikkei: The Japanese government plans to provide 10-year tax incentives to promote mass production including electric vehicles and semiconductor equipment.

The S&P 500 index hit its highest intraday level since January 2022, and was last at 4,637.84 points, an increase of 0.3%.

Market news: Australia and the United Arab Emirates will begin negotiations on a trade agreement.