eagle digital currency- Top Overview

Market News: Riot Blockchain(RIOT.O) acquired 5,117 bitcoins for $510 million.The Baltic Sea Index fell for the fourth consecutive week due to the drop in freight rates of all ship sectors. According to the latest data, the Baltic Dry Index (BDI) reported 1051 points on December 13, 2024, the lowest level since July 25, 2023, down 0.38% from the previous value, and fell for the fourth consecutive day. Among them, Panama-type freight index (BPI) reported 995 points, down 2.55% from the previous value, Cape-type freight index (BCI) reported 1263 points, up 0.88%, and super handy ship freight index (BSI) reported 959 points, down 0.21%. The Baltic Exchange's Dry Bulk Shipping Index, which is used to measure the freight of ships transporting dry bulk goods, fell for the fourth week in a row on Friday, because all ship sectors fell this week. The index, which takes into account the freight rates of Capesize, Panamax and Super Handy ships, fell 4 points to 1,051 points on Friday, the lowest level since the end of July 2023. The index fell by about 10% this week. Panama shipping freight index fell 26 points to 995 points. The index also fell this week. Panama-type ships usually carry 60,000-70,000 tons of coal or grain cargo, and their average daily income dropped by $231 to $8,955. Although the freight index of Cape ships rose by 11 points to 1,263 points on Friday, it still fell for the fourth consecutive week. Cape ships usually transport 150 thousand tons of goods, such as iron ore and coal, and their average daily income has increased by 92 dollars to 10,474 dollars. Iron ore futures fell, but closed higher this week. Among small vessels, the freight index of super handy vessels dropped by 2 points to 959 points, which also recorded a loss in Zhou Du.Analysis: Two major factors, disposal of non-performing assets and resolution of local debts, affect the total financial data. According to the analysis of market institutions, the financial data of the current month are greatly influenced by disposal of non-performing assets and resolution of local debts. The reform of financial institutions has been carried out in an orderly manner, and the disposal of non-performing assets of commercial banks has pressed the "acceleration button". According to industry insiders, the write-off of non-performing loans is only a bank accounting treatment, and the lending relationship between banks and enterprises has not changed, which does not directly affect the business activities of the real economy. In November, some non-performing loans were sold through packaging, transfer and sale, so that non-performing assets were listed as a whole. This part is not included in the scale of social financing, which will have a certain impact on the growth rate of social financing scale, but it will also not affect the financing relationship of the real economy. In addition, the intensity of localized debts has increased, and local governments may accelerate the replacement of debts in the short term, affecting the credit stock. It is understood that the Ministry of Finance has issued new local debt limits to all localities, and some provinces have started issuing them. At present, the total amount of special bonds issued by local governments in China has basically reached the planned annual issuance quota. According to market research, after the financing platform and other entities get the special debt funds, most of them will repay the debts in about 10 to 20 days, most of which are loans, so as to avoid "paying interest at both ends" of bonds and loans. It is estimated that nearly 250 billion yuan of local bond swap will be completed nationwide in November, and there will be a larger bond swap in December. According to industry insiders, for local governments, after the debt pressure is released slowly, it is more conducive to the development of the real economy, which is good for relieving the debt chain, smoothing the economic cycle and preventing risks, and has multiple positive effects. (The country is a through train)

Morgan Stanley raised the opening target price from $950.00 to $1,150.00.Bosch has reached a preliminary agreement with the U.S. Department of Commerce, and will receive a chip subsidy of 225 million U.S. dollars. On December 13, local time, the U.S. Department of Commerce announced that it has reached a preliminary agreement with Bosch, a German auto parts supplier, to provide it with a subsidy of up to 225 million U.S. dollars for producing silicon carbide power semiconductors in California. This fund will support Bosch's planned investment of $1.9 billion to transform its manufacturing plant in Roseveare, California to produce silicon carbide (SiC) power semiconductors. The US Department of Commerce will also provide Bosch with about $350 million in government loans.In November, personal housing loans stabilized and rebounded. On December 13, the central bank released financial statistics for November 2024. The financial data was generally stable and maintained strong support for the real economy. It is noteworthy that the growth rate of household loans has been rising recently, mainly because personal loans have stabilized and rebounded. From the perspective of residents' departments, the short-term and medium-and long-term loans in the first 11 months increased by 1.29 trillion yuan and 453.8 billion yuan respectively, of which the medium-and long-term loans of residents increased by 66.9 billion yuan in November, increasing for two consecutive months. With the intensive introduction and effective implementation of a package of incremental policies, social expectations and market confidence are gradually picking up. Market experts generally predict that the effective financing demand in the market will be further improved, financial resources will flow more to major strategies, key areas and weak links, and financial support for the high-quality development of the real economy will be more powerful and effective. (21 Finance)

Market news: Brazilian President Luiz Inacio Lula da Silva entered the semi-intensive care unit for recovery after surgery.The Shanghai-Kunming Railway's relocation line in Songjiang section was fully connected. At 4: 33 on December 13th, the Shanghai-Kunming Railway's relocation line in Songjiang section was fully connected, marking the completion of the Shanghai-Kunming Railway's relocation project in Songjiang and its successful introduction to Shanghai Songjiang Station. Shanghai Songjiang Station has become a large-scale station where Shanghai-Suzhou-Lake high-speed railway, Shanghai-Kunming high-speed railway and Shanghai-Kunming railway stand side by side. In the future, both high-speed railway and ordinary-speed passenger transport services will be launched. (released in Shanghai)Analyst: Britain's economic contraction for the second consecutive month sounded the alarm. AJ Bell analyst Danni Hewson said in a report that one month's data can't tell the whole story, but when the British economy contracted for two consecutive months-just like September and October-it is worthy of attention. The last time the economy contracted for two consecutive months was during the first pandemic blockade in 2020. She said that the uncertainty before the government budget may lead individuals and businesses to avoid spending for fear of possible tax increases. Bars, restaurants and art industries were hit hard in October. Hewson said that such discretionary expenses can be easily cut. In addition, looking back over the past six months, except August, the economic activity in each month was flat or decreased.