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Moody's: The Reserve Bank of Australia may cut interest rates in May next year or ahead of schedule. After the Reserve Bank of Australia issued its December policy interest rate statement, Moody's analyst Harry Murphy Cruise said that the Reserve Bank of Australia may cut interest rates ahead of schedule. The Reserve Bank of Australia did not change its cash interest rate earlier today, but the tone was obviously more moderate. The Committee removed the statement that "no possibility is ruled out" and actually ruled out the possibility of raising interest rates. Australia's potential inflation rate will drop to 3.4% in the fourth quarter of this year, equivalent to an annualized rate of 2.9%. Although this may cause the Reserve Bank of Australia to cut interest rates in February. However, if the annualized inflation rate in the first quarter is lower than 3%, it may not meet the Committee's standard of "sustainable" inflation moving closer to the target range. After the price increase, drivers asked Uber to relax the insurance restrictions in the UK.

 Personal pension products are about to expand greatly, and the debt base, index and active equity funds that meet the standards can all issue Y shares. It is learned from a number of public offerings that the Y shares of personal pension funds are about to expand greatly. The types of funds that can set up Y shares will be expanded from pension FOF to bond funds, index funds, active equity funds and other types. Some insiders said that fund companies do not need to report specific products that want to issue Y shares, and the Ministry of Human Resources and Social Security will uniformly announce the standards (scale, rate, performance, etc.) that can be included in the expansion, and products that meet the standards will naturally be included in the alternative pool. "The first step is to open bond funds, the second step is index funds, and the third step is active equity funds." Many insiders confirmed, but the specific expansion rules will be announced by the CSRC and the Ministry of Human Resources and Social Security. "It is expected this week." (Interface News) 

Huatai Securities: The target price of Yum! China was raised to HK$ 472.48, and the "Buy" rating was maintained.Citigroup: The shipment of Qiu Ti FPM exceeded expectations and the target price was HK$ 4.6. Citigroup reported that Qiu Ti Technology (01478.HK) benefited from the strong performance of vivo, Glory and Huawei's flagship models in October, and the demand in November was stronger than expected, which made the shipment of Qiu Ti's 32MP+ model in November still flexible. It is expected that the shipment of mobile phone camera module (CCM) in December will come from the continuous launch of flagship models, but it will be partially offset by the year-end inventory adjustment of its customers. At the same time, it is believed that better product mix and higher average selling price will promote the shipment growth of ultrasonic fingerprint module (FPM). Temporarily maintain "neutral" and target price of HK$ 4.6.Nearly10,000 residents were evacuated due to the eruption of the Calaon volcano in the Philippines. The Philippine Civil Defence Bureau announced on the 10th that the Calaon volcano erupted on the afternoon of the 9th, and nearly 10,000 residents were evacuated within a radius of 6 kilometers from the top of the volcano.