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US Department of Defense: the State Council approved the sale of vehicle maintenance equipment to Kuwait, with an estimated value of $300 million.EIA: The net import of crude oil in the United States will drop by 20% in 2025. The us energy information administration (EIA) said on Tuesday that it is expected that the net import of crude oil in the United States will drop by 20% to 1.9 million barrels per day next year, which will be the lowest level since 1971, suggesting that the output of the United States will increase and the demand of refineries will decrease. EIA said in its Short-term Energy Outlook in December that the US oil production is expected to increase from 13.24 million barrels per day in 2024 to 13.52 million barrels per day in 2025. EIA also said that the crude oil processing capacity of refineries will be 16 million barrels per day in 2025, a decrease of 200,000 barrels per day compared with 2024. EIA now predicts that the average spot price of Brent crude oil in 2025 will be $73.58 per barrel, which is lower than the previous forecast of $76.06 per barrel. The average spot price of crude oil in the United States is $69.12 per barrel, which is lower than the last forecast of $71.60 per barrel.The U.S. military statement said that senior U.S. generals in Middle East affairs visited U.S. troops in Syria.

As interest rates fell for the third week in a row, the demand for mortgage refinancing in the United States surged, and the interest rate of mortgage in the United States fell again last week. Although the decline was not large, it was enough to stimulate existing homeowners to seek some savings. The seasonally adjusted index of American Mortgage Bankers Association (MBA) shows that the total demand for mortgage loans has increased by 5.4%, which is behind the surge in refinancing. Housing loan refinancing applications surged 27% from the previous week and 42% higher than the same period last year. Joel Kan, an MBA economist, said, "Purchase applications are still relatively strong. In the past three months, except for one week, there has been a year-on-year increase. In addition to the low interest rate, house purchasing activities continue to be supported by continuous housing demand and inventory, which continue to grow gradually in many markets. "A rational view of the surge in the bond market should not ignore the risks behind it. Recently, bond yields have dropped rapidly. When investors enjoy the dividends brought by the surge in the bond market, they must also remain rational and not ignore the risks behind them. The market has filled the expectations of the bond market. If there is a gap between future policy implementation and expectations, the market may have the possibility of substantial adjustment. Most financial institutions are bulls in the bond market. In the case of unilateral upward interest rates and no hedging instruments, once the market is obviously disturbed, it is necessary to be alert to the risk of trampling. At present, the yield of 10-year treasury bonds has dropped to 1.84%. Market participants should realize that the future downside is limited, but the upside is great. (SSE)The price of air tickets on popular routes has increased by 60%, and the anti-season tour and island tour during the Spring Festival are hot. There are still 49 days before the Spring Festival in 2025, and the popularity of the holiday tourism market has increased significantly. On December 11th, the reporter was informed that air ticket booking for some platforms in Spring Festival travel rush has been quietly opened, and air tickets for some popular routes such as Sanya in Hainan and Xiamen in Fujian have increased significantly. (beijing business today)

The winning bid rate of US 3-year Treasury bonds is slightly higher than the pre-issue trading level. The winning bid rate of US Treasury issued US$ 58 billion 3-year Treasury bonds is 4.117%, and the pre-issue trading level was 4.116% when the bidding closed at 1 pm new york time. The previous round of selling increased the yield by nearly 4 basis points. The market's response to the bidding results is minimal, and the yield of each term is still close to the intraday high. Primary dealers were allocated 15.1%, lower than the previous one; The proportion of direct bidders was increased to 20.7%, and the proportion of indirect bidders was reduced to 64.2%. The bid multiple is 2.58 times, and the average of the previous six times is 2.56 times.Apple will provide Globalstar satellite connection for smart watches, and Apple plans to provide Globalstar satellite communication function on smart watch devices. I am preparing to develop a blood pressure monitoring tool for Apple Watch, which may be launched in 2025. The new watch will adopt MediaTek for the first time. The share price of Globalstar US stocks jumped, with an increase of as high as 21%.OPEC Monthly Report: The economic growth rate of the euro zone in 2024 and 2025 is expected to be 0.8% and 1.2% respectively. (Previously 0.8% and 1.2% respectively)