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Will the defendant in the "Capitol Hill riots" be pardoned? Trump gave a timetable. US President-elect Trump said in an interview on the same day that he intends to pardon the "most" thugs accused or convicted in the "Capitol Hill riots" on January 6, 2021. This will be one of the first official actions during his second term as president. Trump said that the pardon will "start from the first hour, maybe the first nine minutes."US President-elect Trump: Will do some great things in the field of cryptocurrency. Electricity will be needed.Israel Defense Forces: Syria's air defense system has been seriously damaged; More than 90% of Syria's surface-to-air missiles have been destroyed.

The forecast of the European Central Bank assumes that the exchange rate of the euro against the US dollar will be 1.08 in 2024 and 1.06 in 2025, 2026 and 2027.Brazilian President Luiz Inacio Lula da Silva has regained consciousness after undergoing head surgery again. At present, the situation is stable. On the morning of 12th local time, Brazilian President Lula underwent head surgery again in the Syrian-Lebanese hospital in Sao Paulo, the largest city in the country, to prevent further intracranial hemorrhage. The reporter from the General Station learned from the press conference held by the hospital that Lula had recovered after the operation and was in a stable condition, so he could talk with the medical staff. The medical team said that the operation, as part of the first treatment on the 10th, started at around 7: 00 on the 12th and lasted less than an hour. The medical staff said that the operation was successful and Lula needed further examination in the intensive care unit until the 13th. According to the current rehabilitation situation, the medical team assessed that Lula's discharge time was on the 16th or 17th of this month.Luo Zhiheng, chief economist of Yuekai Securities: Improving deficit ratio's firm determination to release the central government to stabilize the economy is conducive to stabilizing expectations. The Central Economic Work Conference proposed to implement a more active fiscal policy. Improve the fiscal deficit ratio, and ensure that the fiscal policy will continue to exert more efforts. Luo Zhiheng, chief economist of Yuekai Securities, said that the fiscal policy continued the general tone of "positive", which reflected the stability and continuity of the policy, but emphasized "more positive", which was mainly reflected in the increase of deficit ratio and the scale of special bonds and ultra-long-term special government bonds. It is expected that the scale of fiscal expenditure will be significantly increased and the growth rate of fiscal expenditure will be increased next year. The generalized deficit ratio probability in 2025 is higher than that in 2024. In his view, the narrow sense of deficit ratio has a high probability of exceeding 3%, and the improvement of deficit ratio has special significance, which can achieve triple effects. First, the increase in deficit ratio means a further increase in the deficit scale, which is conducive to expanding expenditure, strengthening the ability of fiscal countercyclical adjustment, better preventing risks, benefiting people's livelihood and stabilizing growth. Second, deficit ratio is different from other financial instruments, and the public pays great attention to deficit ratio and its changes. Therefore, fiscal policy should use limited "bullets" to stabilize expectations, and the same fiscal stimulus scale should be reflected in deficit ratio as much as possible. Deficit ratio can better convey policy intentions and has strong policy signal significance; Improving deficit ratio's firm determination to release the central government to stabilize the economy is conducive to stabilizing expectations. Third, the high probability of deficit is still dominated by central government bonds. The form of transfer payment can better ensure the stability of grassroots financial resources and increase the disposable degree of local financial resources, which is conducive to the local government's "three guarantees" work. (SSE)

Luo Zhiheng, chief economist of Yuekai Securities: Improving deficit ratio's firm determination to release the central government to stabilize the economy is conducive to stabilizing expectations. The Central Economic Work Conference proposed to implement a more active fiscal policy. Improve the fiscal deficit ratio, and ensure that the fiscal policy will continue to exert more efforts. Luo Zhiheng, chief economist of Yuekai Securities, said that the fiscal policy continued the general tone of "positive", which reflected the stability and continuity of the policy, but emphasized "more positive", which was mainly reflected in the increase of deficit ratio and the scale of special bonds and ultra-long-term special government bonds. It is expected that the scale of fiscal expenditure will be significantly increased and the growth rate of fiscal expenditure will be increased next year. The generalized deficit ratio probability in 2025 is higher than that in 2024. In his view, the narrow sense of deficit ratio has a high probability of exceeding 3%, and the improvement of deficit ratio has special significance, which can achieve triple effects. First, the increase in deficit ratio means a further increase in the deficit scale, which is conducive to expanding expenditure, strengthening the ability of fiscal countercyclical adjustment, better preventing risks, benefiting people's livelihood and stabilizing growth. Second, deficit ratio is different from other financial instruments, and the public pays great attention to deficit ratio and its changes. Therefore, fiscal policy should use limited "bullets" to stabilize expectations, and the same fiscal stimulus scale should be reflected in deficit ratio as much as possible. Deficit ratio can better convey policy intentions and has strong policy signal significance; Improving deficit ratio's firm determination to release the central government to stabilize the economy is conducive to stabilizing expectations. Third, the high probability of deficit is still dominated by central government bonds. The form of transfer payment can better ensure the stability of grassroots financial resources and increase the disposable degree of local financial resources, which is conducive to the local government's "three guarantees" work. (SSE)The gap between Italian and German government bond yields widened to 111 basis points, the highest level in a week.South Korean investors flocked to the gold market. Today, the South Korean National Assembly passed the "Yin Xiyue General Special Inspection Law for Civil Disturbance" and the "Jin Jianxit Inspection Law". According to a survey released by the Korean polling agency on the 12th, 74.8% of the respondents thought that President Yin Xiyue should immediately step down or be impeached, and stop performing his duties. The political situation is turbulent, and the sales of gold bars of the five major banks in South Korea have also increased significantly. On the first day after the emergency martial law incident, that is, on the 4th of this month, more than 1.5 billion won of gold bars were sold, far exceeding the daily average. (CCTV Finance)