PBOC sets USD/ CNY reference rate for today at 7.0471 (vs. estimate at 7.0240). The Bank injects CNY 26bn via 7-day reverse repos at an unchanged rate of 1.4%.
Lilly's Mounjaro leads India's obesity drug race with early launch & higher price; Novo cuts Wegovy price amid generic threat.
US gas prices to hit $2.79/gal by Christmas, lowest since 2020. CA prices may surge past $5/gal due to refinery closures.
US stocks rise on strong GDP (+4.3%), but Fed cut odds drop. NVDA +3%, TSLA dips. Miners rally on record metals.
Aave DAO vs. Aave Labs: 58% vote against brand control transfer. DeFi governance at a crossroads, $33B locked.
Santa Claus rally hopes rise! S&P 500 eyes year-end gains, Russell 2000 shows risk-on. Tech valuations high, but room to run.
NVDA gift up 29% ($10k to $12.9k) in 2025, but risks loom with competition & investor bets against AI.
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