will cryptocurrency replace all national currency- Top Knowledge

US Secretary of State Blinken: The Syrian people will decide the future of Syria.U.S. stocks fell. Nasdaq China Jinlong Index fell more than 3%,iShares China large-cap ETF fell 3.8%, KraneShares CSI China Internet ETF fell 3.9%, and Nasdaq China Jinlong Index fell more than 3%. BILI.O fell by 8%, FUTU.O by 6% and Xpeng Motors by 4%.Bank for International Settlements: Swap spreads are reflecting investors' concerns about excessive bond supply. The Bank for International Settlements (BIS) pointed out that huge government loans are having an impact on the global interest rate market, saying that investors have demanded higher premiums for buying sovereign bonds. In its quarterly report released on Tuesday, the agency pointed out that the swap spreads of various currencies and maturities have narrowed rapidly in recent months, which are "signs of possible oversupply". As investors are worried about huge debt and deficit expansion, the yields of government bonds in the euro zone and Japan have recently exceeded comparable swap rates. This leads to the so-called swap spread becoming negative. Because national debt is usually regarded as a safer investment than interest rate swap, it is unusual for the swap spread to enter the negative range. According to the Bank for International Settlements, the negative swap spread seems to reflect the pressure faced by investors and intermediaries because they need to absorb more government bonds in the near future. In the United States, the swap spreads for some maturities have been negative for many years.

The Australian dollar fell 1% against the US dollar to 0.6375.Prosus, the major shareholder of Tencent, repurchased 126.4 million euros of shares from December 2 to December 6.The chief financial officer of Goldman Sachs said that we will return excess capital to shareholders and increase dividends.

Market news: Vestis, a supplier of workplace supplies, is interested in acquisition by several acquisition companies.Latvian Foreign Minister Blase said, I am sure that we can cooperate with US Secretary of State Lu Biao.Citigroup's chief financial officer said that the spending of American consumers in its branded credit card business between Thanksgiving and Cyber Monday increased by a median digit year-on-year.