Mackler, Governor of the Bank of Canada: As expected, the high housing inflation continued to ease, and the downward pressure of commodity prices on inflation eased.The Nasdaq rose to 1%, while the S&P 500 index rose 0.58% and the Dow rose 0.1%.Alaska Airlines Group shares rose 3.35% after at least three brokers raised their P/E ratios.
Chilean National Mining Association: In 2025, Chile's copper production will be 5.4-5.6 million tons. The Chilean National Mining Association (Sonami) said on Wednesday that it is expected that Chile's copper production will be between 5.4-5.6 million tons in 2025. According to industry forecasts, Chilean miners also expect copper prices to be between $4.2 and $4.5 per pound next year. In September, the Chilean central bank predicted that the average copper price in 2025 would be $4.25 per pound, slightly lower than the previous estimate of $4.30 per pound.The Nasdaq 100 index rose to 1.2%, and the S&P 500 index rose 0.6%.The US Supreme Court dismissed the securities fraud lawsuit filed by shareholders against NVIDIA (NVDA.O).
The S&P 500 index opened up 0.5%, while the Nasdaq 100 index rose 0.9%.The Bank of Canada cut interest rates by 50BP for the second consecutive month, and the Bank of Canada lowered its policy interest rate from 3.75% to 3.25%, which was the second consecutive month to cut interest rates by 50 basis points, in line with market expectations, and cut interest rates by 175 basis points during the year.Bank of Canada: Other federal and provincial policies will affect the dynamics of demand and inflation; The central bank will pay attention to potential trends. The decline in the level of immigration shows that the GDP growth in 2025 will be lower than the forecast of the central bank in October; Its impact on inflation will be more moderate.