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Goldman Sachs raised the target price of several hotel chain stocks. Goldman Sachs raised the target price of Hilton Hotel from $247 to $277, Hyatt Hotels Group from $151 to $167, and Marriott from $280 to $314.The Ministry of Commerce held a special promotion activity of "Investing in China" in the Middle East in Abu Dhabi, United Arab Emirates. According to the website of the Ministry of Commerce, on December 11th, the Ministry of Commerce held a special promotion activity of "Investing in China" in the Middle East and a docking activity of industrial capital between China and the Middle East. Ling Ji, Vice Minister of Commerce and Deputy Representative of International Trade Negotiations, and Zhang Yiming, Ambassador of China to the United Arab Emirates attended the event and delivered speeches. Zhao Haiying, deputy general manager of China Investment Corporation, Zhang Xiaodong, deputy governor of China Bank, and relevant officials of the UAE Ministry of Economy and Investment attended the event. 40 China enterprises from new energy, advanced manufacturing, biomedicine, information technology and other fields negotiated docking with more than 70 sovereign wealth funds and investment institutions in the Middle East, and some enterprises conducted on-site roadshows. Ling Ji said that the purpose of holding this "Invest in China" activity is to implement the important consensus reached by the leaders of China and Arab countries and push the two sides to deepen economic and trade cooperation. At present, China is fully promoting Chinese modernization with high-quality development, developing new quality productivity according to local conditions, and many high-quality enterprises have emerged in emerging frontier areas, which contain broad investment space. Innovation is an important link between China market and capital in the Middle East. China actively encourages venture capital and private equity investment, revises and improves the management measures for foreign investors' strategic investment in listed companies, and supports the development of science and technology enterprises. Welcome Middle East capital to seize the development opportunity of China and deepen cooperation with China in industrial innovation. The participating sovereign wealth funds and investment institutions in the Middle East said that China has a vast market, strong scientific and technological strength, efficient and reliable supply chain and abundant talent pool, and is an ideal destination for innovative investment. It is willing to invest in China and deepen its cultivation in China. Before the event, Ling Ji had a small-scale in-depth exchange with some representatives of sovereign wealth funds and investment institutions in the Middle East, and had a discussion with some representatives of China enterprises.US officials say that Russia may soon launch another hypersonic missile into Ukraine.

Russian President Vladimir Putin: Russia must become the leader of artificial intelligence technology in the world.The yield of Italian 10-year government bonds fell to the lowest level since mid-August 2022, at 3.162%.Bank of America: In the third quarter, auto loans reached the highest level in eight years, and the financing demand for electric vehicles is growing.

Yu Jianhua, director of the General Administration of Customs, died of illness. On December 10, 2024, Comrade Yu Jianhua, secretary of the Party Committee and director of the General Administration of Customs of the Communist Party of China, died unfortunately at the age of 63. (Issued by the Customs)Dow opened up 0.2%, S&P 500 rose 0.5%, Nasdaq rose 0.7%, Macy's fell 10.8%, and lowered its profit forecast for fiscal year. Walgreen fell 3.5%, or "sold herself" to private equity firm Sycamore. Broadcom rose 4.4% and cooperated with Apple to develop AI chips. The number of houses fell by 8.1%, and it is planned to raise $7 million through additional issuance.Alaska Airlines Group shares rose 3.35% after at least three brokers raised their P/E ratios.