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Overview of major market events on December 8th.



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- 05:09Spot Bitcoin ETF saw a net outflow of $60.4 million yesterday, while Ethereum ETF recorded a net inflow of $35.5 million.According to ChainCatcher, monitored by Farside Investors, the net outflow of US spot bitcoin ETF was $60.4 million, among which BlackRock IBIT had a net inflow of $28.8 million. The spot ethereum ETF saw a net inflow of $35.5 million yesterday, with ETHA recording a net inflow of $23.7 million.
- 04:56Man Group: If the market questions the new chairman, the Federal Reserve may need to restart QEJinse Finance reported that Man Group stated that if the bond market begins to question the independence of the next Federal Reserve Chair, the Fed may have to resort to quantitative easing (QE) policies to lower long-term borrowing costs. As the world's largest publicly listed hedge fund group, Man Group's Chief Market Strategist Kristina Hooper pointed out that investors need to recall what happened in the UK in 2022: at that time, due to a lack of confidence in then-Prime Minister Liz Truss's economic policies, traders sold off UK government bonds en masse. In a LinkedIn post, Hooper wrote that since then, the UK's borrowing costs have remained higher than many other G7 economies, serving as a reminder that "the credibility of public officials is crucial." She said, "If someone perceived as lacking independence is chosen as the Federal Reserve Chair and focuses on lowering long-term interest rates, I suspect they will have to resort to QE, as this is the best opportunity to achieve that goal."
- 04:56Reserve Bank of Australia Governor: If inflation remains persistently high, an interest rate hike may need to be consideredJinse Finance reported that Reserve Bank of Australia Governor Bullock emphasized at a press conference that inflation risks are tilted to the upside, noting that inflation and employment data will be crucial for the February meeting next year. Regarding this meeting, Bullock stated that the possibility of a rate hike was not explicitly considered, nor was the option of a rate cut, but scenarios where policy tightening might be needed were discussed. However, Bullock mentioned that if inflation remains persistently high, the Reserve Bank of Australia may need to consider raising rates. As for the future path of interest rates, Bullock expressed a data-driven approach, making decisions at each meeting. Bullock said, "We will not pre-judge the timing of future actions; decisions will be made meeting by meeting."
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