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Zhang Ming, Secretary-General of the SCO: History will continue to prove the great vitality of the "Shanghai Spirit". The departure reception of Zhang Ming, Secretary-General of the Shanghai Cooperation Organization (SCO), was held in Beijing on the 10th. Zhang Ming said at the meeting that history has proved that the establishment of the SCO is a forward-looking decision, and history will continue to prove that the "Shanghai Spirit" has great vitality.The Australian dollar fell 1% against the US dollar to 0.6375.Polish Prime Minister Tusk said that the Russian-Ukrainian peace talks may start this winter, and Polish Prime Minister donald tusk said on Tuesday that the peace talks on the Russian-Ukrainian war may start this winter.

USD/JPY rose 0.5% to 151.97.Alaska Airlines shares rose 18%, the biggest increase since November 2020.Norwegian Natural Gas Company: From December 11th to December 12th, Colesnes Natural Gas Treatment Plant stopped production 6 million cubic meters/day.

Bank for International Settlements: Swap spreads are reflecting investors' concerns about excessive bond supply. The Bank for International Settlements (BIS) pointed out that huge government loans are having an impact on the global interest rate market, saying that investors have demanded higher premiums for buying sovereign bonds. In its quarterly report released on Tuesday, the agency pointed out that the swap spreads of various currencies and maturities have narrowed rapidly in recent months, which are "signs of possible oversupply". As investors are worried about huge debt and deficit expansion, the yields of government bonds in the euro zone and Japan have recently exceeded comparable swap rates. This leads to the so-called swap spread becoming negative. Because national debt is usually regarded as a safer investment than interest rate swap, it is unusual for the swap spread to enter the negative range. According to the Bank for International Settlements, the negative swap spread seems to reflect the pressure faced by investors and intermediaries because they need to absorb more government bonds in the near future. In the United States, the swap spreads for some maturities have been negative for many years.The chief financial officer of Goldman Sachs expressed his intention to promote increased investment in technology, especially artificial intelligence.JPMorgan Chase Securities Co., Ltd. downgraded Samsung Electronics to neutral with a target price of 60,000 won. Jay Kwon, an analyst with JPMorgan Chase Securities Co., Ltd., was previously rated as over-allocated. The target price is 60,000 won, up by 11%.