新兴市场资产在美联储可能降息前走强；聚焦乌克兰。在普遍预期的美联储周三降息之前，新兴市场资产小幅上涨，而投资者也在关注乌克兰可能影响全球风险情绪的事态发展。

EM assets firm up before potential Fed cut; Ukraine in focus.Emerging market assets inched higher ahead of a widely expected interest rate cut by the Federal Reserve on Wednesday, while investors also monitored developments in Ukraine that could influence global risk sentiment.

原油价格展望——原油继续寻找底部。随着市场在关键支撑位附近寻找底部，原油价格仍不稳定。持续的供应过剩和需求疲软继续给价格带来压力，使反弹容易受到新一轮抛售的影响，并有利于短期淡价交易。

Crude Oil Price Outlook – Crude Continues to Search for the Floor.Crude oil remains choppy as the market searches for a floor near key support levels. Persistent oversupply and weak demand continue to pressure prices, leaving rallies vulnerable to renewed selling and favoring short-term fade trades.

11月牛肉价格上涨推高阿根廷月度通胀：路透社调查。路透社对经济学家的调查显示，11月牛肉价格上涨推高了阿根廷的月度通胀速度，但年通胀率可能降至七年来的新低。

Argentina monthly inflation pushed up by higher beef prices in November: Reuters poll.Higher beef prices pushed up the pace of monthly inflation in Argentina in November but the yearly rate likely dropped to a new seven-year low, a Reuters poll of economists showed.

美元/日元：随着联邦公开市场委员会（FOMC）的临近，日元5天的疲软已达到可能逆转的拐点。在外汇市场，由于澳大利亚央行（RBA）的鹰派货币政策指导，澳元出现了“K型”表现，澳元兑美元在主要货币中反弹并跑赢大盘。在今天的亚洲交易日，澳元在12月9日星期二上涨0.3%后，继续上涨0.1%，达到0.6650的三个月高点（见图。

USD/JPY: 5-Day JPY Weakness Has Reached an Inflection Point for Potential Reversal as FOMC Looms.In the FX market, a “K-shaped” performance has emerged with the AUD rallying and outperforming among the major currencies against the US dollar due to the hawkish monetary policy guidance from the Australian central bank, RBA. In today's Asia session, AUD extended its gains by 0.1% after a 0.3% return seen on Tuesday, 9 December, towards a three-month high at 0.6650 (see Fig.