In addition, Jasmine, an economist at Overseas Chinese Banking Corporation in Hong Kong, stated that after the Christmas holiday, the lack of important economic data releases led to subdued market trading. Last Friday, long-term interest rates in Europe and the US all saw increases, with the 10-year US Treasury yield hitting a seven-month high, and the 10-year German and UK yields also rising by over 5 basis points. The rise in US bond yields weighed on US stocks, combined with investors taking profits before the year-end, resulting in a significant drop in the three major indexes by 0.8-1.5%. In the forex market, the US dollar closed below the 108 level last Friday, but still saw a fourth consecutive weekly gain. Several major currencies strengthened against the US dollar, but only moderately. The US dollar remained strong against Asian currencies, with the Indian Rupee hitting a new low, the South Korean Won nearing its lowest level in fifteen years, and the Japanese Yen hovering near a five-month low. As the Japanese Yen approaches the psychological barrier of 160 against the US dollar, Japanese Finance Minister Katsunobu Kato continued to issue intervention warnings, expressing government vigilance over exchange rate trends and readiness to take appropriate measures to prevent excessive volatility. Furthermore, US wholesale inventories in November fell by 0.2% month-on-month, falling short of the expected 0.1% growth; China's industrial profits in November declined by 4.3% year-on-year, marking the fourth consecutive month of decline but a narrower decrease compared to October. Attention this week will be on China's December PMI, the US December ISM Manufacturing Index, and Germany's December employment market data, with multiple markets closed around New Year's Day.