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WTI crude oil rose more than 2.00% in a day, and now it is reported at 68.33 USD/barrel; Brent crude oil is now up 1.8%.Valin Steel: The subsidiary plans to invest 2.499 billion yuan to build the technology development and industrial application project of extra-large diameter seamless steel pipe continuous rolling. Valin Steel announced that the subsidiary Valin Henggang plans to invest 2.499 billion yuan to build the technology development and industrial application project of extra-large diameter seamless steel pipe continuous rolling, and build the first advanced continuous rolling pipe production line with the largest diameter in the world. The construction period of the project is 18 months. After completion, Valin Henggang can realize the continuous rolling production of extra-large diameter seamless steel pipes with an outer diameter of φ 323 mm ~ 610 mm and a wall thickness of 7.3 mm ~ 60 mm. The project is funded by bank loans of 1-1.5 billion yuan, shareholders' capital increase of 1 billion yuan and their own funds.How to do economic work next year? A quick look at the main points of the Politburo meeting. On December 9, the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting to analyze and study the economic work in 2025. The meeting held that China's economic strength, scientific and technological strength and comprehensive national strength continued to increase. The new quality productivity has developed steadily, the reform and opening up has continued to deepen, the risk mitigation in key areas has been orderly and effective, and the people's livelihood security has been solid and powerful. The main objectives and tasks of economic and social development throughout the year will be successfully completed. (21 Finance)

In 2025, the profits of the "Big Seven US Stocks" are expected to increase by only 18%. Investors are looking for new targets. It is predicted that the combined profits of the seven technology giants, namely Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA and Tesla, will increase by only 18% in 2025, far lower than the 34% in 2024. Excluding NVIDIA, the biggest beneficiary of AI fanaticism, the combined profits of the other six companies will only increase by 3% in 2025. To this end, investors have begun to look for new investment targets, such as energy and biotechnology units. An 18% profit increase is a good performance for almost all industries, except for these large technology companies. At the same time, the profit increase of the Standard & Poor's 500 Index is expected to reach 13%, higher than this year's 10%. In other words, these technology giants will no longer be the growth benchmarks of American companies. Julian McManus, portfolio manager of investment company Janus Henderson, said: "The Big Seven may not be the engine of market growth as it was in the past year." To this end, investors have responded. According to EPFR Global data, in the week ending December 4th, the IT sector suffered the largest capital outflow in six weeks, reaching $1.4 billion, while small-cap stocks attracted $4.6 billion in capital inflow. (Global Market Broadcast)Valin Steel: Valin Steel increased its capital by 1 billion yuan. Valin Steel announced that in order to support its subsidiary Valin Steel to implement the technology development and industrial application project of extra-large diameter seamless steel pipe continuous rolling, the company and Hunan Iron and Steel Group intend to increase its capital by 1 billion yuan in the same proportion. Among them, Hunan Iron and Steel Group invested 140.9 million yuan and Valin Steel invested 859.1 million yuan. The capital increase price is determined based on the net asset value of the 2023 annual audit report of Valin Henggang audited by Tianjian Certified Public Accountants on December 31, 2023.COMEX gold futures hit $2,700 per ounce, up 1.52% in the day.

South Korean prosecutors arrested former defense minister Jin Longxian on charges of "sedition and abuse of power".Baotou Steel Group and Huawei signed a strategic cooperation agreement to cooperate in the fields of rare earth digitalization and rare earth supply. On December 6, Baotou Steel Group signed a strategic cooperation agreement with Huawei Technologies Co., Ltd. ("Huawei"). The signing of this strategic cooperation agreement between the two parties will cooperate in the fields of digital talent training, smart mines, data management, belt intelligence, rare earth digitalization and rare earth supply, and jointly promote the digital transformation of enterprises and the innovative development of both parties.Deutsche Bahn Freight Company announced that it will lay off 5,000 people. On December 8, local time, Deutsche Bahn Freight Company announced that it will lay off 5,000 people by 2029, of which 1,000 will be laid off first in 2025. Deutsche Bahn's freight business has been losing money for many years, and the company hopes to turn losses into profits before 2026. In October this year, the company decided to implement a restructuring plan. This plan was originally scheduled to lay off 2,300 people from 2025, and the scale of layoffs has expanded. (CCTV Finance)