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Iraqi security forces destroyed eight extremist strongholds in northern Iraq. On December 12, local time, the Iraqi Joint Operations Command issued a statement saying that Iraqi security forces are continuing to track and crack down on members of the extremist organization "Islamic State" in the country. Recently, in the hamlin Mountains in Kirkuk province, Iraqi security forces destroyed eight extremist strongholds, including personnel hiding places and weapons storage facilities. (CCTV News)The Dow opened up 0.04%, the S&P 500 fell 0.2%, the Nasdaq fell 0.4% and Adobe fell 10.4%, and the fiscal year performance guidance fell short of expectations. General Dynamics fell 2.8% and was bearish by institutions. Uber rose by 3.5%, and its volume dropped by nearly 6% yesterday. CFO said that the mobile business will grow steadily. Jinshan Cloud rose 2.5%, and UBS sharply raised its target price to $12.5.Wang Jing, National Endowment Insurance: Opening the market for individual pensions nationwide will usher in a period of historic policy opportunities, and the five departments jointly issued the Notice on the Full Implementation of the Individual Pension System. Wang Jing, head of the market channel department of the national pension insurance, said that after the individual pension is pushed nationwide, it is expected that the market will usher in a historic period of policy opportunities. All kinds of financial institutions will build differentiated and diversified product systems around people's diversified life-cycle pension financial needs, and provide comprehensive services with characteristics and quality, especially for flexible employees and new employment forms, which will further stimulate the whole society's active awareness of pension, accumulate pension financial funds and effectively promote the development of the real economy. (Securities Society)

The weighted share price index of Taiwan Stock Exchange rose 1.2% to 23,170.25 points.Market News: Ibrahim Karin, Director of Turkish Intelligence Agency, has arrived in the Syrian capital.Sixty-two kinds of drugs entered the centralized procurement. The tenth batch of centralized procurement was organized by the state, and the tenth batch of centralized procurement was opened in Shanghai on December 12, resulting in the result of quasi-selection. 62 kinds of drugs were successfully purchased, and 385 products from 234 enterprises were qualified for quasi-selection, involving hypertension, diabetes, tumors, cardiovascular and cerebrovascular diseases and other fields. The results of the proposed selection will be officially released after publicity. Since 2018, the National Medical Insurance Bureau has organized 10 batches of state-organized drug collection with relevant departments, and successfully purchased 435 kinds of drugs. (Xinhua News Agency)

Trump reiterates tax cuts.Central Economic Work Conference: Keep the RMB exchange rate basically stable at a reasonable and balanced level. The Central Economic Work Conference was held in Beijing from December 11th to 12th. The meeting proposed to implement a moderately loose monetary policy. Give full play to the dual functions of the total amount and structure of monetary policy tools, reduce the RRR and interest rates in a timely manner, maintain sufficient liquidity, and match the scale of social financing and the growth of money supply with the expected goals of economic growth and overall price level. Keep the RMB exchange rate basically stable at a reasonable and balanced level. Explore and expand the macro-prudential and financial stability functions of the central bank, innovate financial instruments, and maintain the stability of the financial market.Institutional analysis of the European Central Bank's interest rate resolution: the European Central Bank cut interest rates by 0.25 percentage points, aiming to stabilize the economy that was hit by French debt concerns and trade tariffs that were highly exposed to the threat of US President-elect Trump.