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The consumption potential of the trade-in policy continued to be released. According to the VAT invoice data released by State Taxation Administration of The People's Republic of China on December 11th, from January to November, the retail sales revenue of household audio-visual equipment such as televisions and household appliances such as refrigerators increased by 15.9% and 18.7% respectively. The sales revenue of furniture retailing and sanitary ware retailing increased by 16.8% and 12.5% respectively. Experts said that recent data from various aspects show that the effect of the trade-in policy for consumer goods has appeared and the consumption potential has been continuously released. In the next stage, with the continuous expansion of the coverage of the "two new" policies and the recent package of economic incremental policies, the policy effect is expected to be further revealed. (CSI)The concept of high-speed copper connection is very popular. Recently, benefiting from the explosive demand growth of AI computing power, the market funds focus on the supporting concept of high-speed copper connection in the upper reaches of NVIDIA. On December 11th, a number of high-speed copper connection concept stocks rose sharply, with Zhaolong Interconnect rising by 12.58%, Woer Nuclear Materials by 8.70%, Shenyu Shares by 4.77% and Derun Electronics by 4.99%. High-speed copper connection, also known as high-speed connector, is a core data transmission component, which constitutes an efficient signal transmission system. Manager Public Offering of Fund said that the concept stocks of high-speed copper connection continued to rise, which actually benefited from the explosion of demand for AI computing power. Invista once introduced at GTC2024 that NVL72 uses copper cable interconnection to save costs significantly compared with optical modules. Shanxi Securities predicts that the new market of high-speed copper cable brought by GB200 will be close to 6 billion US dollars in 2025, and the usage scenarios of high-speed copper cable will continue to expand. It is found that a number of public and private equity funds have heavily invested in the concept stocks of high-speed copper connections that have risen recently in the third quarter. There are also fund managers who heavily invested in related stocks in the second quarter, but significantly reduced their positions in the third quarter, missing the rise of concept stocks in the fourth quarter. There are also some fund managers who continue to be optimistic about the stimulation of the demand of upstream industries caused by the outbreak of AI computing power, and have successively added high-speed copper connection concept stocks. (Securities Times)Ge Vernova Inc.(GEV) has signed several contracts to sell natural gas turbines to 5 GW data center.

Bank of America promoted 387 new managing directors, an increase of 16% compared with last year. According to informed sources, Bank of America promoted 387 employees to managing directors, an increase of 16% compared with last year's total. People familiar with the matter said that more than half of those promoted to managing director were women or ethnic minorities.Argentina's inflation rate in November was 2.4%, and the accumulated inflation rate in the past 12 months reached 166%. On the afternoon of the 11th local time, the Argentine National Bureau of Statistics released data showing that the country's monthly inflation rate in November was 2.4%. The cumulative inflation rate has been 112% since the beginning of this year and 166% in the past 12 months.META said: Technical problems affect some users' access to our application. Previously, DownDetector, a network condition monitoring website, reported that Facebook and Instagram of Meta Platforms, Zuckerberg's "Metauniverse Company", had many failures.

Nymex January natural gas futures closed up about 6.80% to $3.3780 per million british thermal unit.Moynihan, CEO of Bank of America: For encrypting digital currency assets, anything new needs to pass the "battlefield test". The United States needs to finalize the revised draft of Basel III, and the US plan needs rationality.Sochi airport in Russia suspended flights for security reasons. On the evening of December 11, local time, Sochi International Airport in southern Russia temporarily stopped flights for security reasons. (CCTV)