Western Digital's share price fell rapidly to 4%. Seagate technology turned down. Micron's decline expanded to 3.6%.American family wealth climbed to a record high thanks to the rise of the stock market. Driven by the rise of the stock market before the US presidential election, American family wealth reached a record high in the third quarter. According to a report released by the Federal Reserve on Thursday, household net assets increased by nearly 4.8 trillion US dollars, up 2.9% from the previous quarter, reaching 168.8 trillion US dollars. The value of American stock holdings increased by 3.8 trillion US dollars, while the value of real estate decreased by nearly 200 billion US dollars. In the third quarter, investors benefited from the stock market rally, as the market expected the Federal Reserve to cut interest rates and Donald Trump to return to the White House next year. Since Trump won the election on November 5, the S&P 500 index has climbed to a new high due to the market expectation that the president-elect will promulgate a pro-business policy.Western Digital's share price fell rapidly to 4%. Seagate technology turned down. Micron's decline expanded to 3.6%.
According to informed sources, Switzerland and the European Union reached a compromise on the issue of immigration. The "Swiss Agreement" includes a new version of the immigration protection clause.The previous crude oil futures 2401 contract closed up 1.51% at 545.40 yuan/barrel. Shanghai Gold closed down 0.59% and Shanghai Bank closed down 1.67%.The U.S. Treasury auctioned eight-term treasury bonds, and the winning bid rate was 4.500% (4.350% on December 5), and the bid multiple was 2.81 (3.50 in the previous auction).
The previous crude oil futures 2401 contract closed up 1.51% at 545.40 yuan/barrel. Shanghai Gold closed down 0.59% and Shanghai Bank closed down 1.67%.German two-year bond yields rose by 5 basis points to 2%.ECB sources: Some people think that the ECB overestimates economic growth. In the case of Trump's tariff increase, the economic growth next year may be less than 1%.