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The probability that the Fed will cut interest rates by 25 basis points in December is 98.6%. According to CME's "Fed Watch", the probability that the Fed will keep the current interest rate unchanged by December is 1.4%, and the cumulative probability of cutting interest rates by 25 basis points is 98.6%. The probability of keeping the current interest rate unchanged by January next year is 1.1%, the probability of cutting interest rates by 25 basis points is 79.9%, and the probability of cutting interest rates by 50 basis points is 19%.Japanese enterprise survey: Enterprises believe that Trump's next presidential term will have a negative impact on the business environment, and 60% of Japanese enterprises expect that the trading range of USD/JPY will be between 140 and 150 by 2025. Half of Japanese companies expect higher profits in the next fiscal year.NASDAQ China Golden Dragon Index closed down 0.74%, NASDAQ China Golden Dragon Index closed down 0.74%, most popular Chinese stocks fell, Tencent Music fell more than 5%, JD.COM fell more than 3%, Xpeng Motors fell more than 2%, and Bali, Weilai and Pinduoduo fell more than 1%. In terms of gains, Tiger Securities rose more than 3%, while Youdao and Gaotu rose more than 1%.

Newly issued loans exceeding one trillion yuan to support the financing coordination mechanism for small and micro enterprises have achieved results. On the 10th, I learned from the State Financial Supervision and Administration that since the launch of the financing coordination mechanism for small and micro enterprises in October this year, various localities and banks have responded quickly and achieved initial results. According to the data from the General Administration of Financial Supervision, by the end of November, all localities had visited 12.072 million small and micro business entities based on the working mechanism, of which 1.942 million were included in the "declaration list" and 1.303 million were included in the "recommendation list". Banks granted 2.2 trillion yuan of new credit and 1.2 trillion yuan of new loans to "recommended list" business entities.The rate of return of the money fund has reached a record low. Since December, the rate of return of the money fund has continued to decline. The annualized rate of return of Tianhong Yubao Money Fund, the largest, fell below 1.27% on the 7th, hitting a record low. According to industry insiders, the recently released "Self-discipline Initiative on Optimizing the Self-discipline Management of Non-bank Interbank Deposit Interest Rate" has a great impact on the Monetary Fund, and the superimposed interest rate is at a low level, and the yield of the Monetary Fund may continue to decline. As the income decreases, funds will look for new directions for allocation. Wang Menghan, an analyst at Zheshang Securities, said that compared with similar products, the advantages of money funds are tax exemption, liquidity and stable net value. Among them, for institutional customers, there are still tax exemption and liquidity demands, so there is little demand for reducing the holdings of money funds. However, for non-institutional investors, because the stability of the net value of the money fund will be obviously weakened, there is a demand to reduce the holdings of the money fund. (SSE)Microsoft expects to accrue about $800 million in impairment charges related to GM Cruise in the second fiscal quarter, and Microsoft expects to accrue about $800 million in impairment charges in the second fiscal quarter, which is related to the company's minority equity investment in GM Cruise. This will have a negative impact of about 9 cents on Microsoft's earnings per share in the second quarter.

The FTSE A50 index closed down 0.01% at 13,475 points in a row.Medical staff: At least seven Palestinians were killed in Israeli air strikes. They were responsible for protecting aid trucks in the south of the Gaza Strip.Microsoft expects to accrue about $800 million in impairment charges related to GM Cruise in the second fiscal quarter, and Microsoft expects to accrue about $800 million in impairment charges in the second fiscal quarter, which is related to the company's minority equity investment in GM Cruise. This will have a negative impact of about 9 cents on Microsoft's earnings per share in the second quarter.