[The Quebec provincial government of Canada and the public service sector unions reached a temporary salary agreement] On December 28, local time, the Quebec provincial public service unions of Canada and the Quebec provincial government reached a temporary agreement on raising wages, and the general strike lasted for more than a month. It will hopefully end. Within the next three weeks, the union will vote on the tentative agreement before it can take effect. The day before, the Quebec Teachers Union, representing 66,000 employees, had also reached a tentative agreement with the provincial government on wages and working conditions. Again, this agreement will need to be approved by a union vote.

Bank of Korea: We will respond to excessive herding in the foreign exchange market.

The Bank of Korea reiterated that it will take measures to stabilize the market if necessary.

Bank of Korea: South Korea’s inflation rate may reach the target level in the fourth quarter of 2024 or later.

Bank of Korea: The central bank will maintain tightening policy until it is confident that CPI will touch the 2% range.

According to Nikkei: Japan’s Ministry of Transport will verify the safety of Toyota’s Daihatsu industrial vehicles in January.

In the week ending December 23, foreign central banks held US$14.652 billion in US Treasury bonds, compared with the previous value of -US$12.98 billion.

Market news: Mexico announced a nearly 80% tariff on some steel imports.

Investment Company Institute (ICI): Money market fund assets increased to $5.89 trillion in the week ended December 27. The rebound comes after two weeks of outflows.

According to the Syrian state news agency: An explosion was heard near Damascus, Syria, and the investigation is still ongoing.

Fund analysis company Lipper: U.S. investment-grade funds saw inflows of $135.8 million in the latest week.

Fund analysis company Lipper: Municipal bond funds had outflows of $464 million in the latest week, and high-yield funds had inflows of $2.86 million.

Spot gold hit $2,070 per ounce, down 0.37% on the day.

Hang Seng Index futures closed down 0.41% in night trading at 17,085 points, a 41-point premium.

Spokespersons for France, Germany, the United Kingdom and the United States: Investigation results indicate that Iran will triple its monthly production of enriched uranium with a purity of up to 60%.

Spokespersons for France, Germany, the UK and the US: Reaffirm our determination that Iran must not develop nuclear weapons.

Spokespersons for France, Germany, the United Kingdom and the United States: Urge Iran to immediately withdraw these measures and de-escalate its nuclear program.

The Federal Reserve accepted a total of $829.573 billion from 88 counterparties in fixed-rate reverse repurchase operations.