On December 11, local time, the U.Sstock market exhibited mixed results, with the Nasdaq experiencing a robust rise, crossing the 20,000-point threshold for the first time and setting a new historical recordMeanwhile, shares in tech giants like Tesla and Apple hit new heights as wellIn contrast, Adobe, a leading player in the software industry, issued disappointing guidance for its fiscal year 2025 earnings, which resulted in a significant drop in its stock price after market hours.

As for commodities, international oil prices continued their upward trend, with forecasts suggesting that Brent crude will hover between $70 and $90 per barrel in 2025. Companies involved in oil and gas extraction are expected to maintain a strong business climate.

The Nasdaq breaks through the 20,000-point barrier.

Adobe shares plummet post-market following guidance miss.

On this day, after opening higher, the three major indices in the U.S

showcased a divergence in their performanceThe Dow Jones experienced a slight decrease, while the S&P 500 continued to riseThe Nasdaq welcomed a strong increase, breaching 20,000 points, and hitting a new all-time highAccording to Wind data, at the close, the Dow dropped by 0.22%, the S&P 500 climbed by 0.82%, while the Nasdaq surged by 1.77%.

Among industry sectors and individual stocks, the index for the seven major American tech companies saw a substantial increase, closing up over 2%. Tesla's stock soared nearly 6%, achieving a historical peak and adding over $76.3 billion to its market capitalization overnightAlphabet (the parent company of Google) increased by over 5%, and META jumped more than 2%. Apple, despite opening strong, oscillated throughout the day but ultimately hit a new historical high, trading briefly above $250 per share.

Adobe released its latest earnings report, revealing that while its adjusted earnings per share and operating revenue for the fourth quarter of fiscal year 2024 exceeded market expectations, its forecasts for fiscal year 2025 fell short of analysts' predictions

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As a result, the company's shares dropped sharply in after-hours trading, falling over 8% as of December 12 at 6:33 AM Beijing time.

In the realm of popular Chinese stocks listed in the U.S., most experienced declines, with the Nasdaq Golden Dragon China Index weakening during the trading day, closing down by 0.74%. On an individual basis, Tencent Music fell by over 5%, Legend Biotech dropped by more than 5%, JinkoSolar's shares fell over 4%, and Vipshop also decreased by more than 4%. However, some stocks saw an upswing, including Bitdeer, which rose by over 5%, Wuxi Apptec increasing more than 3%, and Tiger Brokers climbing over 3%.

U.Sinflation data encouraging for rate cuts in December.

The Bank of Canada cuts rates for the fifth time this year.

In an overnight market update, two significant topics related to interest rate cuts drew widespread attention.

The first was the release of the latest U.S

inflation figures, which showed that both the November unadjusted Consumer Price Index (CPI) and the core CPI met market expectations, with the former slightly surpassing October's performanceFollowing the data release, traders increased their bets on the likelihood of the Federal Reserve lowering rates in December.

According to the Chicago Mercantile Exchange's "Fed Watch," the probability of the Federal Reserve maintaining its current rate in December is 2.3%, while the cumulative probability of a 25 basis point rate cut stands at 97.7%. For January, the probability of leaving rates unchanged is 1.7%, with a 71.2% chance of a 25 basis point cut, and a 27.1% chance for a 50 basis point cut.

Notably, recent discussions among Federal Reserve officials have indicated a potential slowdown in the rate-cutting pace, with expectations that rates may remain stable at the January meeting followed by possible cuts in March 2025.

The second pivotal topic was the Bank of Canada's decision to cut its policy rate for the fifth time this year, reducing it from 3.75% to 3.25%. This marks the second consecutive month of a 50 basis point cut, totaling a significant 175 basis points cut since the beginning of the year.

In a statement released overnight, the Bank of Canada noted that the current economic conditions suggest a state of oversupply, with growth prospects appearing weaker than previously projected

Importantly, in contrast to previous monetary policy meetings, this time the Bank of Canada did not indicate that "further cuts would be reasonable if economic development aligns with forecasts," which the market interpreted as a signal that future monetary easing might be muted.

International oil prices regain upward momentum.

Analysts speculate a fluctuating market in the coming year.

In the commodity markets, international oil prices resumed their upward trajectory.

As of December 12 at 5:50 AM Beijing time, Wind data revealed that NYMEX crude oil futures rose over 2%, recapturing the $70 per barrel mark, while ICE Brent crude futures saw an increase of nearly 2%, settling at $73.55 per barrelIn the precious metals market, COMEX gold futures displayed a strong performance, increasing over 1% to reach $2,753.2 per ounce.

Looking ahead to 2025, East Wu Securities maintains a forecast that Brent crude will trade between $70 and $90 per barrel, predicting a favorable outlook for companies in the oil and gas extraction sector.

Regarding gold and silver prices, HSBC Jintrust Fund suggests that they will receive solid support in the new year, primarily due to the expanding debt of the U.S