The three major U.S. stock indexes narrowed their losses, with the Dow Jones Industrial Average and the S&P 500 Index all turning positive, while the Nasdaq Composite Index fell slightly.

Allianz Chief Economic Advisor El-Erian: I expect the first interest rate cut by the Federal Reserve will be in June or July next year. Currently, interest rate futures pricing shows that the probability of the Fed cutting interest rates in March next year is almost 50-50, but it has already fully priced in a rate cut before May.

Spanish Economy Minister Calvino: Spanish economic policy is expected to remain consistent.

Fitch: (on the outlook for U.S. leveraged finance) default rates will increase in 2024.

U.S. gold stocks generally fell, with AngloGold falling more than 5%, Cordelen Mining falling more than 3%, Harmony Gold and Hecla Mining falling more than 2%.

COMEX silver futures fell more than 2.00% during the day and are currently trading at $23.58 per ounce.

COMEX gold futures fell more than 1.00% during the day and are currently trading at $2,025.90 per ounce.

According to the Times of Israel: Rocket attack sirens sounded in Gaza border towns.

The EU has added two Hamas commanders to its terrorist list, according to the statement.

Market news: Tesla has held regular talks with Norway’s sovereign wealth fund, in which union issues were discussed.

Agency comments on the U.S. non-farm payrolls report: Salary growth in November was more widespread than in October. In addition, the diffusion index measuring the number of recruiting industries rose from 52.2% in October to 63.4% last month.

The yield on the 10-year U.S. Treasury note rose sharply to 4.274%.

The U.S. two-year Treasury bond yield rose to 4.731%, and the 2-year/10-year Treasury bond yield curve inverted at -45 basis points.

Goldman Sachs: Due to warmer-than-average weather in December and stronger-than-expected natural gas production, Goldman Sachs has lowered its U.S. natural gas price forecast, raising its Henry Hub natural gas price forecast for the first quarter of 2024 and the summer of 2024 from the previous forecasts of 2.88 and 2.85 US dollars/hundred. The prices per million British thermal units were lowered to US$2.55 and US$2.55 per million British thermal units respectively.

Jansson, Deputy Governor of the Riksbank: Reducing the risk of upward inflation will affect the path of interest rates, but we have not reached that stage yet.

The UN climate body has released a new draft negotiating document.