EUR/USD
1.17338
-0.117%
Gold
4328.32
-0.251%
Oil
57.697
-0.252%
USD/JPY
156.602
0.116%
GBP/USD
1.34566
-0.082%
GBP/JPY
210.738
0.039%
Real-time News
On December 31st, renowned investor and "big short" Michael Burry denied shorting Tesla stock, despite earlier this month calling the company "outrageously overvalued." Responding to a social media users question about whether he would short Tesla, Burry stated, "I am not shorting." The well-known investor rose to fame for predicting the collapse of the US housing market before the 2008 financial crisis. Teslas stock price has staged a remarkable reversal after falling in April following market concerns triggered by Elon Musks political posturing, and has now risen to near all-time highs. Burrys comments came after Tesla took the unusual step of Monday by releasing a series of sales forecasts suggesting its vehicle delivery prospects may be lower than many investors expected. Tesla is set to see its second consecutive year of declining annual vehicle sales, with the companys average forecast showing deliveries of approximately 1.6 million vehicles this year, a decrease of more than 8% from the previous year.On December 31, the National Development and Reform Commission and another department issued guiding opinions on promoting high-quality development of the power grid. The opinions propose that by 2030, a new type of power grid platform, with the main grid and distribution network as important foundations and smart microgrids as a beneficial supplement, will be initially established. The main grid, distribution network, and microgrids will form an organic whole with clear interfaces, complete functions, intelligent operation, and efficient interaction. The power grids ability to optimize resource allocation will be effectively enhanced. The scale of "West-to-East Power Transmission" will exceed 420 million kilowatts, with an additional inter-provincial power exchange capacity of approximately 40 million kilowatts. The proportion of renewable energy generation will reach approximately 30%, the capacity to accommodate distributed renewable energy will reach 900 million kilowatts, and support will exceed 40 million charging infrastructure units. The fundamental role of the public power grid will be fully played, smart microgrids will develop in a diversified manner, the power system will maintain stable operation, and services for peoples electricity needs will be more effectively provided.On December 31, Foreign Ministry Spokesperson Lin Jian held a regular press conference. Lin Jian stated that these countries and institutions have turned a deaf ear to the "Taiwan independence" separatist forces attempts to seek independence through force, and have turned a blind eye to external interference in Chinas internal affairs. Yet, they have made unwarranted comments, distorted the truth, and confused right and wrong regarding Chinas necessary and just actions to defend national sovereignty and territorial integrity. This is extremely hypocritical. China firmly opposes this and has lodged a strong protest. Taiwan is an inseparable part of Chinas territory, and the Taiwan issue is purely Chinas internal affair, which brooks no interference from any external forces.On December 31, a spokesperson for the Ministry of Commerce, in response to a reporters question regarding the safeguard measures on imported beef, stated that these measures are intended to help domestic industries overcome difficulties in the short term, not to restrict normal beef trade. The Chinese market remains open, and there is broad scope for cooperation in beef trade with our trading partners. China is willing to work with all parties to maintain a healthy and stable international trade environment.The chart shows that at 23:00 Beijing time on December 31, there will be large foreign exchange options contracts for EUR/USD, USD/JPY, etc. Some of these contracts have a strike price of over 1 billion. Please manage your risk accordingly.
