---
title: "Global news you need to know before the U.S. stock market opens on Wednesday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/269240116.md"
description: "China's November CPI rose 0.7% year-on-year, the highest since March 2024, while the PPI's year-on-year decline slightly widened. Kevin Hassett, director of the White House National Economic Council, stated that there is still significant room for interest rate cuts. Global long-term bond yields surged to a 16-year high, with the market betting that the global rate-cutting cycle is about to end. Lagarde indicated that the European Central Bank may raise its economic growth forecast next week. Taiwan Semiconductor's November sales increased by 24.5% year-on-year. Amazon announced a $35 billion investment in India. Intel received a reduced fine of €237 million from the EU court. Zhongke Shuguang responded to Nvidia's cooperation issues. The Nikkei 225 closed down 0.1%, the Shanghai Composite Index closed down 0.23%, and the Hang Seng Index closed up 0.42%"
datetime: "2025-12-10T14:00:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/269240116.md)
  - [en](https://longbridge.com/en/news/269240116.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/269240116.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/269240116.md) | [繁體中文](https://longbridge.com/zh-HK/news/269240116.md)


# 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%

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