European Central Bank President Lagarde: We must be very cautious. European Central Bank President Lagarde: We must be very cautious because service prices and wages are rising rapidly. Financial difficulties are self-created uncertainties.GBP/USD of GBP against USD fell by 1.27, with an intraday decrease of 0.40%.South Asia Stock Market | Pakistan Stock Index closed up more than 3%, and Sri Lanka Stock Market continued to hit a record high. On Thursday (December 12), the KSE 100 Index of Karachi Stock Exchange of Pakistan closed up 3.04% to 114,000 points, which was the second consecutive trading day. Karachi's all-share index closed up 2.45% to 72,109.52 points, which also continued to hit a record high. The total share price index of Colombo, Sri Lanka, closed up 1.09% to 14,035.81 points, hitting a record high for several consecutive days. Since the close on November 25th, the cumulative increase has exceeded 9.00%. The Bangladesh DSE Generalized Index closed down 0.37% to 5105.43 points, with a cumulative decline of 1.76% this week (five consecutive natural days).
Russian officials: The failure of sanctions against Russia to achieve geopolitical goals will cost the EU 1.5 trillion euros. On the 12th local time, Russian Deputy Foreign Minister Grushko said that Russia has adapted to various sanctions and will develop relations with all countries willing to cooperate. He said that the EU is on a road of self-destruction, and any geopolitical goal cannot be achieved through sanctions. If the EU wants to refuse cooperation with Russia, this is the EU's choice, but most assessments show that this choice has caused the EU to suffer a loss of 1.5 trillion euros.Italian 10-year bond yields continued to rise, rising by 10 basis points to 3.29%.Italian 10-year bond yields continued to rise, rising by 10 basis points to 3.29%.
The forecast of the European Central Bank assumes that the exchange rate of the euro against the US dollar will be 1.08 in 2024 and 1.06 in 2025, 2026 and 2027.Italian 10-year bond yields continued to rise, rising by 10 basis points to 3.29%.The gap between Italian and German government bond yields widened to 111 basis points, the highest level in a week.