Global news you need to know before the U.S. stock market opens on Wednesday

China's November CPI rose 0.7% year-on-year, the highest since March 2024, while the PPI year-on-year decline slightly widened.
Kevin Hassett, Director of the White House National Economic Council: There is still a lot of room for interest rate cuts.
Global long-term bond yields soared to a 16-year high, with the market betting that the global interest rate cut cycle is about to end.
No chance for interest rate cuts next year? Lagarde: The European Central Bank may raise economic growth expectations next week.
AI demand continues to drive growth, with Taiwan Semiconductor's November sales increasing by 24.5% year-on-year.
The tech giants' AI competition in South Asia escalates: Following Microsoft's $17.5 billion, Amazon announces a $35 billion investment in India.
Intel received a further reduction in fines from the EU court, reducing the penalty from €1.06 billion to €237 million.
Zhongke Shuguang responded to questions about cooperation with NVIDIA: Products adopt an open architecture and support various AI acceleration cards.
The Nikkei 225 closed down 0.1%, the Shanghai Composite Index closed down 0.23%; the Hang Seng Index closed up 0.42%