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2026-11-04 Wednesday

2026-11-06

19:30:48

[Midterm Election Eases Middle East Conflict Expectations, Limiting Oil Price Upside] ⑴ Deutsche Bank analysts point out that if the geopolitical situation with Iran continues to ease, crude oil prices will continue to face downward pressure. ⑵ Trump publicly stated that a military attack on Iran will not occur in the short term, while acknowledging that the Middle East conflict has dragged down the Republican Party's midterm election prospects. ⑶ Current oil prices have already factored in a high geopolitical risk premium due to escalating conflict and oil supply disruptions. Once the situation stabilizes, the premium will quickly subside, and oil prices will subsequently fall. ⑷ On the day, crude oil prices fluctuated and weakened. Near-month Brent crude fell 1.4% to close at $101.75 per barrel; West Texas Intermediate crude futures fell 0.8% to $94.68 per barrel. ⑸ After the geopolitical premium subsides, oil prices will return to supply and demand fundamentals, lacking strong upward momentum in the short term.

19:30:47

[Germany's metal and electrical industries may lose another 300,000 jobs, bringing the total to 350,000 in seven years] (1) Oliver Zander, chairman of the German Association of Employers in the Metal and Electrical Industries (Gesamtmetall), said that the German metal, electrical and automotive industries may lose about 300,000 jobs in the next two to three years; in the past seven years, these sectors have lost 350,000 jobs. (2) Zander said that the German economy loses about 42 billion euros annually due to the industry downturn; if the industry continues to decline, it may lose an additional 35 billion euros annually. He told Bild that given the underutilization of capacity, the metal and electrical industries alone may face the risk of losing another 300,000 jobs in the next two to three years. (3) Zander pointed out that there are currently about 3.7 million employees in German metal industry companies. If the number of jobs continues to decrease, it may drop to 3.4 million, the lowest level since German reunification in 1990; the main reasons for the industry crisis include competition from Chinese manufacturers, Germany's high labor and energy costs, bureaucratic barriers and US import tariffs.

19:28:05

JPMorgan Chase: Lowers BMW's target price from €82 to €68

19:27:09

[Saudi Arabia's GDP Contracted by 4.1% Year-on-Year in Q3 2026, Oil Industry Dragging Down Economic Weakness] ⑴ Data from the Saudi General Authority for Statistics shows that the country's real GDP declined by 4.1% year-on-year in the third quarter, marking the second consecutive quarter of annual contraction, with overall economic downward pressure continuing to increase. ⑵ The core factor dragging down the economy was the oil sector, which contracted by 21.3% year-on-year, while government economic activity declined by 3.0%; non-oil industries bucked the trend, growing by 2.2%, which to some extent offset the overall economic decline. ⑶ On a quarter-on-quarter basis, the economy showed signs of recovery, with seasonally adjusted GDP rising by 1.5% in the third quarter, reversing the sharp 5.1% quarter-on-quarter decline in the second quarter. ⑷ The quarter-on-quarter recovery mainly relied on the rebound in oil business, with oil activity rising by 6.1% quarter-on-quarter, and non-oil industries growing slightly by 0.7%; government spending continued to contract by 1.4% quarter-on-quarter. ⑸ In terms of growth contribution, the oil industry dragged down the overall growth rate by 5.0 percentage points, and government activity by 0.5 percentage points; non-oil industries and net tax revenue contributed 1.3 and 0.2 percentage points to economic growth, respectively. (6) Oil price fluctuations and crude oil production control remain the biggest variables for the Saudi economy. Although non-oil industries have maintained positive growth, they are unlikely to fully offset the impact of the downturn in the oil industry in the short term.

19:22:51

[Ireland's Unemployment Rate Rises Slightly in October, Number of Unemployed Reaches Recent High] ⑴ Ireland's seasonally adjusted unemployment rate was 4.9% in October, revised down from 4.7% in September. The unemployment rate has remained below the 5% threshold for seven consecutive months. ⑵ The total number of unemployed increased by 1,700 month-on-month and 6,100 year-on-year, reaching 145,200, a new high since May this year. ⑶ By gender, the female unemployment rate rose to 4.9%, with 69,300 unemployed women, the highest since June; the male unemployment rate fell to 4.6%, with a slight decrease in the number of unemployed men. ⑷ The unemployment rate for young people aged 15-24 rose from a revised 11.4% to 11.7%, while the unemployment rate for those aged 25-74 remained stable at 3.8%. ⑸ Compared to the same period last year, the current unemployment rate is higher than the 4.7% projected for October 2025, indicating a gradual cooling of the labor market.

19:20:27

[Japanese Defense Minister Reiterates Call for Discussion on Adjusting the Three Non-Nuclear Principles] ⑴ Japanese Defense Minister Shinjiro Koizumi reiterated his call for discussions on adjusting the "Three Non-Nuclear Principles" at a seminar in Tokyo on November 3. ⑵ Koizumi expressed a positive attitude towards discussions regarding Japan's acquisition of nuclear submarines, stating his hope for broad consultations on subsequent implementation plans. ⑶ Masahisa Matsuda, Professor Emeritus at Aichi University of Education, criticized this move, arguing that the new version of the three security documents represents a shift towards a hardline approach and is a highly risky choice. ⑷ Market Observation: This trend will continue to increase geopolitical uncertainty in Northeast Asia, potentially leading to new changes in the regional security landscape.

19:19:38

Market news: A Ukrainian nuclear power plant was forced to reduce its generating capacity due to an attack by Russia.

19:18:06

[Eurozone Inflation Rises to 4.1% in October, Driven by Energy Price Increases] ⑴ Preliminary data from Eurostat shows that Eurozone inflation rose to 4.1% year-on-year in October, up from 3.8% in September. This increase was entirely driven by energy prices. ⑵ Energy inflation reached 21.2% year-on-year in October, the highest increase this year; since the outbreak of geopolitical conflicts at the end of February, prices for crude oil, natural gas, and residential energy have remained high. ⑶ Other sub-categories also saw slight increases: services inflation at 3.4%, food and tobacco inflation at 1.7%, and non-energy industrial goods inflation at 1.3%, all higher than the previous month. ⑷ Current overall inflation is already twice the ECB's 2% policy target. The central bank recently maintained its interest rate unchanged, predicting that prices will peak at the end of 2026, and gradually decline after energy prices fall. ⑸ Market view: Short-term energy supply disruptions will prolong the inflation decline cycle, making it difficult for the ECB to quickly cut interest rates; the possibility of further rate hikes remains.

19:17:42

Polish Prime Minister Tusk: I hope the election results will bring stability to the region.

19:17:32

Polish Prime Minister Tusk: America's democracy has triumphed.

19:15:48

[Global Central Banks Pause Rate Hikes in October, Tightening Cycle Not Yet Over] ⑴ Following a flurry of rate hikes in September, major central banks worldwide generally halted rate increases in October. Among the G10 economies, only the Bank of Canada raised rates, while the Federal Reserve, the European Central Bank, the Bank of New Zealand, and the Bank of Japan maintained their rates. Switzerland, Australia, Sweden, Norway, and the UK did not hold policy meetings this month. ⑵ This year, G10 central banks have completed 15 rate hikes, tightening by a total of 370 basis points, without any rate cuts. Market institutions believe this pause is merely a temporary adjustment and does not signify the complete end of the rate hike cycle. ⑶ September was the peak of this tightening cycle, with six G10 central banks simultaneously raising rates, totaling 170 basis points, marking the largest monthly rate hike since June 2023. ⑷ The core reason for this pause in rate hikes was the surge in oil prices. Brent crude futures rose by more than 11% for two consecutive months in September and October, raising the risk of a rebound in inflation and making central banks hesitant to easily end their tightening policies. (5) Emerging markets have also entered a policy lull. Among the 18 developing economies, the central banks of the Philippines and India raised interest rates by a combined 80 basis points; another 10 central banks kept interest rates unchanged; Turkey ended its eight-month wait-and-see approach and resumed interest rate cuts, lowering its benchmark interest rate by 120 basis points in one go.

19:10:16

[Euro Remains Strong Against Dollar; Limited Impact from Eurozone Inflation Data] ⑴ Eurozone October CPI rose 4.0% year-on-year, higher than the expected 3.9% and the previous value of 3.8%; core inflation remained stable at 2.5%, in line with market expectations. ⑵ The euro fluctuated little after the data release, rising 0.5% to $1.1249, with market focus on the US midterm elections. ⑶ Democratic victory in both houses of Congress weighed on the dollar, with market expectations of limited additional fiscal stimulus and narrowed room for Fed rate hikes. ⑷ The rebound in inflation is unlikely to quickly reverse ECB easing expectations; short-term US Treasury yields and dollar sentiment will dominate the euro's movement.

19:07:21

[Scope Ratings: Trump's Acceptance of Election Results Boosts US Sovereign Credit Rating] ⑴ Berlin-based rating agency Scope Ratings stated in a report that the Republican midterm election loss and Trump's acceptance of the results are important positive signals. ⑵ Democratic control of both the House and Senate creates checks and balances between the executive and legislative branches, enhancing policy stability and supporting the US credit rating. ⑶ Market View: Easing political tensions are beneficial to US Treasury sentiment in the short term, but the high deficit problem remains a long-term rating concern.

19:05:48

[Iran's Supreme Leader Speaks Out: US Pressure on Iran Will Ultimately Backfire] ⑴ Iran's Supreme Leader Mojtaba Khamenei delivered a speech accusing the United States of long-term hostile actions against Iran, supporting separatist forces to cause casualties, and attempting to force Iran to submit. ⑵ He pointed out that the US's recent pressure tactics have become increasingly aggressive, attempting to undermine the Iranian regime and its indigenous culture, but have continued to encounter resistance from the Iranian people.

19:04:42

[US Stock Futures Rebound After Hitting Bottom; Democratic Control of Both Houses of Congress Disrupts Market] ⑴ US stock futures initially fell before rebounding on Wednesday. S&P 500 futures rose 0.3%, Nasdaq 100 futures rose 1.0%, and Dow Jones futures climbed 640 points, supported by bargain hunting. ⑵ With the Democrats winning both the House and Senate, the market anticipates tighter AI regulations, reducing policy space for tax cuts and fiscal expansion. ⑶ Healthcare and new energy sectors led the gains, with most tech stocks recovering early losses; AMD's better-than-expected earnings boosted its performance, while Tesla and SpaceX weakened.

19:02:58

[Texas's Oil Regulatory Authority Welcomes Democratic Commissioner, Breaking 34-Year Republican Dominance] ⑴ Democratic candidate Jon Rosenthal defeated Republican candidate Bo French to win a seat on the Texas Railroad Commission, becoming the first Democrat to hold this position in 34 years. This agency regulates the approximately $180 billion Texas oil and gas industry. ⑵ The commission has three commissioners with authority over drilling approvals, well inspections, and the implementation of environmental and safety regulations. Its early function was to regulate railroad fares. ⑶ Texas has a strong crude oil production capacity, exceeding that of most OPEC member countries except Saudi Arabia. ⑷ Industry history shows that OPEC initially referenced the commission's quota management model in its organizational structure. ⑸ Market view: Personnel changes may gradually alter the local oil and gas regulatory tone, potentially disrupting the pace of US shale oil approvals in the medium to long term.

18:49:22

[Stronger Positive Correlation Between US Stocks and Treasury Yields After Democrats Win Both Houses] ⑴ Investors are assessing the impact of the Democrats' victory in both houses of Congress on Tuesday and their landslide wins in Republican strongholds. ⑵ Deutsche Bank's US strategists believe this will have a significant political impact over the next few years, but less so on policy and fiscal policy. ⑶ However, they point out a strong positive correlation between the S&P 500 and the 10-year Treasury yield in post-election trends. ⑷ They state that historical experience shows a 2% drop in the stock market in the coming week corresponds to a roughly 10 basis point drop in the 10-year yield. ⑸ The one-month rolling correlation reached 0.86 on Wednesday, the most positive level since April 2022, indicating that bond yields and the stock market are more likely to move in tandem rather than inversely. ⑹ US stock index futures rose about 0.70%, after the benchmark index rose 0.36% to 0.8% on Tuesday, while US Treasury yields fell 2 basis points, after rising nearly 6 basis points on Tuesday. ⑺ RBC BlueBay's head of market strategy, Bell, said the market is unlikely to be significantly impacted by this outcome. (8) Bell stated that the president could veto any Democratic policy, and that the Democrats did not have enough seats to initiate impeachment proceedings.

18:43:49

The market has already priced in the peak, so why is the Reserve Bank of Australia still emphasizing the need to retain options? Details>

18:42:21

[Barclays Warns: Tight Physical Crude Oil Supply Could Lead to New Round of Sharp Price Volatility] ⑴ A recent Barclays report indicates that global inventories have fallen to just 4.3 billion barrels, 200 million barrels below the seasonal average. ⑵ Oil flows in the Gulf region have dropped to 7-10 million barrels per day, compared to 20 million barrels per day before the conflict. ⑶ US onshore oil production growth has slowed to near zero. ⑷ The report states that there is almost no evidence of a genuine diplomatic breakthrough. ⑸ Current prices reflect hopes for a diplomatic breakthrough, not the reality of tight physical supply. ⑹ The report argues that while the market can be manipulated through false headlines, oil cannot be conjured out of thin air.

18:38:45

[Five Departments: By 2030, Over 90% of Licensed Large Mines and Over 80% of Medium-Sized Mines in Production Will Meet Green Mine Standards] Five departments issued a notice on the "Action Plan for Implementing a Comprehensive Energy Conservation Strategy." The plan promotes green exploration and mining. It comprehensively advances green exploration and promotes the application of intelligent and green exploration and development technologies and equipment. It accelerates the construction of green mines, ensuring that newly built mines become green mines within 1-2 years of formal commencement of production, and that existing mines accelerate their green upgrading and transformation. By 2030, over 90% of licensed large mines and over 80% of medium-sized mines in production will meet green mine standards, and small mines will be managed in accordance with green mine standards.

18:38:25

Iran's Supreme Leader Mojtaba Khamenei: Those who believe that partisan change in the United States can alter Washington's hostile attitude towards Iran are gravely mistaken.

18:36:40

[Five Departments: Accelerate the Layout of a Batch of Rare and Precious Metal Resource Recycling Projects to Promote the Recovery and High-Value Utilization of Valuable Components] Five departments issued the "Action Plan for Implementing a Comprehensive Conservation Strategy." It mentions accelerating the improvement of resource utilization levels. This includes further promoting the comprehensive utilization and efficiency enhancement of bulk solid waste in industry, urban areas, agriculture, and forestry; strengthening tailings recycling; and improving the classification and grading management system for bulk solid waste. It also includes improving the refined and standardized recycling network for industrial and social waste. Furthermore, it emphasizes strengthening the recycling and utilization of "urban minerals" such as scrap steel, scrapped motor vehicles, and waste electrical and electronic products. The plan also vigorously promotes the recycling and utilization of solid waste such as "new three types" (new energy vehicles, new energy vehicles, and new energy products), constructs a full life-cycle management system for power batteries for new energy vehicles, and improves regulations for the decommissioning and scrapping of wind power and photovoltaic equipment. Finally, it calls for accelerating the layout of a batch of rare and precious metal resource recycling projects to promote the recovery and high-value utilization of valuable components. It also promotes the recycling and utilization of waste plastics and waste textiles. By 2030, the annual utilization of bulk solid waste is expected to reach approximately 4.5 billion tons.

18:35:29

[Five Departments: New Construction Land to be Controlled to Within 26 Million Mu During the 15th Five-Year Plan Period] Five departments issued a notice on the "Action Plan for Implementing a Comprehensive Land Conservation Strategy." The plan outlines differentiated and refined land use controls based on regional classifications, strictly adhering to the red line for arable land protection, and strictly controlling urban development boundaries. Except for major national projects, land reclamation from the sea is completely prohibited. The plan optimizes the spatial layout of the national territory, strengthens the implementation of the main functional area strategy, enhances monitoring and evaluation of the implementation of national spatial planning, and improves the dynamic evaluation and adjustment mechanism. During the 15th Five-Year Plan period, the scale of new construction land will be controlled to within 26 million mu.

18:35:11

[Five Departments: Establishing and Improving the Water Resources Demonstration System for Relevant Planning in Water Resources Development and Utilization] Five departments issued a notice on the "Action Plan for Implementing a Comprehensive Water Conservation Strategy." The plan emphasizes strict control over both total water consumption and intensity, scientifically formulating control targets, improving the total water consumption control indicator system at the river basin and provincial, municipal, and county levels, implementing differentiated water intensity control, and promoting the establishment of a water budget management system. It also calls for establishing and improving the water resources demonstration system for relevant planning in water resources development and utilization, strengthening water resources demonstration and water abstraction permit management for construction projects, strictly supervising water abstraction during and after the event, conducting credit evaluations in the water abstraction sector, and further implementing and improving the system of simultaneous design, construction, and commissioning of water-saving facilities and main projects in construction projects. The plan also emphasizes increasing water conservation and control efforts in water-scarce areas such as the Beijing-Tianjin-Hebei region and the Yellow River basin, and strictly controlling the blind launch of high water-consuming projects.

18:34:51

[Five Departments: Vigorously Promote Clean Replacement of Coal-fired Boilers and Coal-fired Industrial Kilns, and Completely Eliminate Coal-fired Boilers of 10 Tons/Hour and Below] Five departments issued a notice on the "Action Plan for Implementing a Comprehensive Energy Conservation Strategy." The plan strengthens source control of energy conservation and carbon reduction, strictly implements energy conservation review and carbon emission assessment methods for fixed asset investment projects, strengthens comprehensive review and evaluation of project energy consumption, coal consumption, and carbon emissions, and mandates that new (renovated, expanded) high-energy-consuming and high-emission industrial projects implement equal or reduced carbon emission replacement, effectively controlling high-energy-consuming and high-emission projects. New (renovated, expanded) coal-using projects in key national air pollution prevention and control areas must legally implement equal or reduced coal replacement. The plan vigorously promotes clean replacement of coal-fired boilers and coal-fired industrial kilns, and completely eliminates coal-fired boilers of 10 tons/hour and below. It accelerates the heating system renovation of coal-fired units and the construction of supporting pipelines, and eliminates old and inefficient coal-fired units and boilers. It also promotes the orderly elimination of inefficient coal-fired facilities and equipment in agricultural, commercial, and residential applications.

18:34:32

[Five Departments: Energy Savings of Over 150 Million Tons of Standard Coal by 2030 Through Energy Conservation and Carbon Reduction Retrofits in Key Industries] Five departments issued a notice on the "Action Plan for Implementing a Comprehensive Energy Conservation Strategy." Focusing on key industries such as steel, non-ferrous metals, petrochemicals, chemicals, and building materials, energy conservation and carbon reduction retrofits will be implemented on a "one industry, one policy" basis to continuously improve energy efficiency. Active promotion of energy conservation and carbon reduction retrofits of existing buildings will be undertaken, promoting the large-scale development of ultra-low energy consumption buildings. Energy-saving and low-carbon transportation tools will be promoted, vehicle energy consumption limits will be rationally optimized, and the development of new energy heavy trucks and green fuel ships will be vigorously promoted. Efforts to tap the potential for energy conservation and carbon reduction retrofits in public institutions will be intensified, and third-party governance models such as energy performance contracting will be promoted. Energy conservation and carbon reduction retrofits of infrastructure such as computing power, communication base stations, and computer rooms will be promoted to optimize energy consumption structure. Energy production efficiency will be improved, and the low-carbon retrofitting of coal-fired power units will be strengthened to steadily reduce the comprehensive line loss rate of the power grid. By 2030, the energy consumption per unit of added value of industrial enterprises above designated size will be reduced by more than 10% compared with 2025, and energy savings of over 150 million tons of standard coal will be achieved through energy conservation and carbon reduction retrofits in key industries.

18:34:20

Iran's Supreme Leader Mojtaba Khamenei: The path to absolute deterrence lies in building an "increasingly powerful Iran."

18:33:40

[German 30-Year Bond Auction: Yield and Oversubscription Improve] ⑴ Data from the German central bank shows that Germany sold €800 million in an auction of newly issued 30-year bonds with a coupon rate of 1.25%. ⑵ The average yield in this auction was 3.67%, compared to 3.80% in the previous auction. ⑶ The oversubscription rate was 2.3, compared to 1.4 in the previous auction.

18:32:41

[Five Departments: By 2030, my country's energy consumption per unit of GDP, water consumption, and land use area for construction will decrease by approximately 10%, 10%, and 15% respectively compared to 2025] Five departments issued a notice on the "Action Plan for Implementing a Comprehensive Conservation Strategy." By 2030, the comprehensive conservation system will be more sound, resource utilization efficiency will be significantly improved, and my country's energy consumption per unit of GDP, water consumption, and land use area for construction will decrease by approximately 10%, 10%, and 15% respectively compared to 2025. The loss rate in all links of the entire grain industry chain will continue to decrease, the annual recycling volume of major renewable resources will reach 510 million tons, and a social ethos of valuing conservation will be further fostered. (National Development and Reform Commission website)

18:29:54

[Voters Cast Vote of No Confidence in AI Expansion, Data Center Construction Faces Obstacles] ⑴ In Tuesday's election, voters showed deep distrust in the artificial intelligence race, approving dozens of data center moratoriums and electing a number of candidates advocating for slowing the $10 trillion construction boom, including in Texas, the heart of the boom. ⑵ In an election centered around an affordability crisis for many Americans, voters made it clear they see Silicon Valley's AI ambitions as a resource drain on wallets and communities, rather than a technological marvel. ⑶ This serves as a warning signal to some of America's wealthiest and most powerful executives, many of whom are already working to create a more palatable version to win the revolution they are determined to win. ⑷ Carlson, co-founder of Responsible Innovation at American, told the media that what he just witnessed was an AI earthquake, with voters sending a clear signal that they want to set the rules for AI and data centers. ⑸ Democratic challenger Hinojosa's unexpected victory in the Texas gubernatorial election fundamentally disrupted the AI construction plans. (6) Hinojosa advocates maintaining the data center construction halt until the state legislature passes legislation addressing the impact on water, electricity, air, and property rights during its term ending in mid-2027. (7) Research firm SemiAnalysis states that while most of the U.S. data centers projected for 2027 are already under construction, a halt of more than six months will cause significant delays in Texas, which accounts for 41% of the new U.S. computing power in 2028. (8) Democrats also won the three states following Texas in terms of new data center computing power: Ohio, Georgia, and Arizona. Winners in Ohio and Georgia supported restrictive policies, but the specifics remain unclear. (9) Overall, nearly two-thirds of the 2028 data center computing power may face delays, although most political analysts do not believe Democrats will permanently block construction. (10) Many candidates and politicians have listed artificial intelligence as one of the most important issues in this wave of "blue wave" (a term referring to the shift in political climate), making it a key indicator before the 2028 presidential election. (11) Georgia Senator Osoff, a potential 2028 presidential candidate, named Silicon Valley giants in his victory speech, saying they were simultaneously warning of the risk of human extinction from the artificial intelligence they created while digging their own bunkers. (12) Former New York Representative Boles, author of the RAISE bill, told the media that artificial intelligence has officially emerged as the biggest issue in American politics, touching every corner of society and the economy, and now clearly influencing every corner of politics.

18:28:06

[UBS: Midterm Election Results Unlikely to Determine Market Direction; Fundamentals Remain Dominant] ⑴ UBS states that the outcome of the US midterm elections is unlikely to determine the direction of the stock market, bond market, or dollar; economic fundamentals remain more important. ⑵ UBS expects the change in congressional control to increase scrutiny of the Trump administration and complicate fiscal negotiations, potentially triggering volatility around the 2027 debt ceiling. ⑶ UBS believes that a narrow majority and presidential veto power will limit broad policy changes. ⑷ UBS states that corporate earnings, economic growth, inflation, and interest rates should remain the main drivers of the market, and expects US Treasury yields to decline slightly over the next 12 months.

18:27:00

[Mitsubishi UFJ: Dollar's Movement Depends on Iran Situation After Democratic Sweep] ⑴ Mitsubishi UFJ Bank's Jermaine Hellenie stated in a report that the dollar could extend its decline if President Trump does not further retaliate against Iran following the Democratic sweep in the US midterm elections. ⑵ Hellenie noted that the first unknown is whether Trump will use this lame-duck session to escalate the Middle East conflict. ⑶ Hellenie stated that Trump has claimed his voters understand his actions in Iran, which could foreshadow further action. ⑷ Hellenie believes that if Trump does not attack Iran and uses voter disapproval of his policies as a reason to seek a deal, the dollar's weakness is much more likely to continue. ⑸ The dollar index fell 0.5% to 101.329, after hitting a one-month low of 101.245.

18:26:56

[ECB Overnight Lending Facility Usage Increases, Deposit Facility Usage Decreases] ⑴ ECB data shows that €61 million was borrowed through the overnight lending facility on the day, compared to €31 million the previous day. ⑵ Overnight deposit facility usage was €1,833.408 billion, compared to €1,891.677 billion the previous day. ⑶ Current account holdings were €435.437 billion, compared to €367.993 billion the previous day.

18:26:02

Nymex crude oil futures for the most active contract have just broken through the $95.00/barrel mark, currently trading at $94.96/barrel, down 1.18% on the day.

18:24:57

The yield on 10-year UK government bonds fell 5 basis points to 5.21%.

18:24:08

The Ukrainian emergency services report that the November 2nd airstrike targeting Komyshuvas in the Zaporizhzhia region has resulted in 37 deaths. Search and rescue dog teams and the National Mine Rescue Team, under the National Emergency Service of Ukraine, are currently working on the scene.

18:22:08

The 19th meeting of the Standing Committee of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) concluded in Beijing on the afternoon of April 4. Wang Huning stated that it is essential to integrate the spirit of the Fifth Plenary Session of the 20th CPC Central Committee with the realities of the CPPCC, unswervingly uphold the overall leadership of the CPC and the centralized and unified leadership of the CPC Central Committee, persistently use Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era to unite and inspire the people, strictly strengthen the building of the CPPCC members and staff, comprehensively and strictly strengthen the building of work style, and ensure that Party spirit, Party conduct, and Party discipline are addressed simultaneously, and that the rectification of conduct, discipline enforcement, and anti-corruption efforts are integrated. A strict atmosphere, a positive work style, and a spirit of hard work must be firmly established and maintained in the long term, providing a strong guarantee for the CPPCC to effectively carry out its "four cohesion" work. The meeting also emphasized that welcoming the 21st CPC National Congress and studying, publicizing, and implementing its spirit should be the main theme of the CPPCC's work in 2027, focusing on the central tasks of the Party and the country to carefully plan next year's work. (Xinhua News Agency)

18:17:52

Eurozone October unadjusted CPI reading (preliminary)

Previous : 104.30 Forecast : -

Published Value 104.77

18:15:51

The New Zealand dollar rose 1.00% against the US dollar to 0.5641 on the day.

18:15:51

Brent crude oil futures, the most active contract, just touched the $102.00 per barrel mark and is currently trading at $102.00 per barrel, down 2.26% on the day.

18:14:52

2026 US Midterm Elections: Democratic Control of Congress, Investor Q&A Details>

18:13:25

Eurozone November blended CPI (excluding food, energy, tobacco and alcohol) preliminary reading

Previous : 0.20% Forecast : -

Published Value 0.30%

18:10:43

[Israeli President Receives Election Results, Coalition Consultations Continue Thursday] ⑴ According to the Jerusalem Post, Israeli President Herzog received the official election results from the chairman of the Central Election Commission on Wednesday and will subsequently begin consultations with representatives of various political parties. ⑵ By law, the president must consult with all parties in parliament before deciding who will be tasked with forming a government. ⑶ Herzog is expected to award the mandate to form a government to the candidate who receives the most support from party representatives. ⑷ Consultations will continue on Thursday and into the evening. ⑸ Election results show that Netanyahu's camp remains in the lead with 53 seats, the opposition camp with 48 seats, and Arab parties with 19 seats. ⑹ The current political deadlock could ultimately lead to another election, although it is still possible for the parties to reach an agreement through negotiations to form a ruling coalition to avoid another election.

18:09:27

Swedish Central Bank Governor Töden: Data highlights the strengthening Swedish economy

18:07:05

Swedish central bank governor Töden: If forecasts remain unchanged, interest rates may rise in the coming year.

18:06:40

Tasnim News Agency: An advisor to the commander of the Iranian Revolutionary Guard stated that in the event of war, Tehran's retaliatory actions would not be limited to attacking the source of the conflict.

18:05:59

The Dutch government has nominated former Dutch central bank governor Klaus Noether to serve as president of the European Central Bank.

18:05:37

Hungary's October budget balance sheet showed a fiscal deficit of -200.6 billion forints.

18:04:54

Brazil's October Fipe inflation rate

Previous : 0.51 Forecast : -

Published Value 0.44

18:03:13

Eurozone October Harmonized CPI Month-on-Month Preliminary Reading

Previous : 0.60 Forecast : 0.30

Published Value 0.40

18:03:04

Eurozone October core harmonized CPI month-on-month preliminary reading

Previous : 0.20 Forecast : -

Published Value 0.30

18:00:00

Eurozone October Core Harmonized CPI YoY - Preliminary Unadjusted

Previous : 2.20% Forecast : 2.20%

Neutral

Published Value 2.20%

18:00:00

Eurozone October Harmonized CPI Annual Rate - Preliminary Unadjusted Value

Previous : 3.80% Forecast : 4%

Neutral

Published Value 4%

18:00:00

Eurozone October blended CPI annual rate excluding food, energy, tobacco and alcohol (preliminary)

Previous : 2.50% Forecast : 2.50%

Neutral

Published Value 2.50%

17:58:25

[US Debt Deadlines Approaching Following Democratic Victory, Risk of Fiscal Impasse Rises] ⑴ Following the Democratic election victory, Wall Street has begun preparing for the next debt crisis, with Goldman Sachs warning of two approaching deadlines. ⑵ Government funding expires on December 11, potentially triggering a new round of shutdown disputes that could extend into February. ⑶ A bigger problem is that the US could reach its $41.1 trillion debt ceiling as early as the first quarter, and all emergency measures from the US Treasury are expected to run out by October 2027. ⑷ This gives Democrats considerable leverage over Trump's spending agenda, tariffs, and healthcare policies, while Washington continues to run a massive deficit. ⑸ Neither party can afford a prolonged standoff, but both have a strong incentive to use these deadlines to gain concessions. ⑹ UBS also warns that the resulting negotiations could trigger sharp market volatility. ⑺ The election changed control of Congress but did not reduce deficit spending; deficit spending will continue regardless of how the situation evolves.

17:57:26

[91 Investment: The Future of the Iran War Uncertain After the Midterm Elections, Trump's Window of Opportunity Narrows] ⑴ Guden, Head of Natural Resources at 91 Investment, stated that the impact of the US midterm elections on the Iran war and oil prices is difficult to predict. ⑵ Guden said it is currently unclear whether US President Trump will see a Democratic victory as an opportunity to end the war or seek to escalate the conflict again. ⑶ Guden stated that the only certainty is that from the start of the new Congress in January next year, Trump may find that funding for the Iran war is restricted, thus his window of opportunity to achieve his goals seems to be shortening.

17:57:09

[Texas' Rising Status in Data Centers: Early Projects May Face Uncertainty] ⑴ Texas's importance in the data center sector is rising, poised to surpass Virginia as the dominant state. ⑵ Many projects in the state are still in their early stages, meaning there is a possibility that these projects could be halted.

17:54:30

[Danske Bank: Democratic Victory in Both Houses Narrows Room for US Fiscal Expansion] ⑴ Danske Bank analyst Paulson stated in a report that the Democratic victory in the US Senate and House elections reduces the likelihood of the US government implementing measures to expand the fiscal deficit. ⑵ Paulson points out that the election results also mean that Trump's previously proposed plan to provide a $5,000 bonus to all American adults will not be implemented. ⑶ Paulson believes that this effectively locks in the fiscal policy stance for 2027-2028.

17:53:03

[Africa Establishes Energy Bank to Fill Western Financing Exit Gap] ⑴ The African Export-Import Bank and the Organization of African Petroleum Producers (OPEC) officially established the African Energy Bank at their first meeting in Abuja on October 31, more than four years after the two institutions began their related work, approximately 20 months later than originally planned. ⑵ Abuja beat out six other countries, including Ghana, Algeria, South Africa, and Benin, to become the location of the bank's headquarters. The first president is Helmi Ghazi, former deputy CEO of HSBC's Egypt branch, and the board of directors consists of representatives from the public sector, private sector, and policy institutions. ⑶ The bank has a maximum authorized capital of US$5 billion, and has currently raised approximately US$500 million, of which the African Export-Import Bank contributed US$222 million, and Nigeria's contribution is reportedly between US$100 million and US$200 million. ⑷ The bank aims to raise up to US$10 billion in financing during its first operational phase and plans to fund at least three projects by 2027, starting with regional refineries and pipelines. (5) The founders hope to reduce Africa's dependence on imported petroleum products, expand intra-African energy trade, and finance a equitable energy transition driven by African governments. (6) Africa's energy investment needs are estimated at $200 billion, and approximately 600 million Africans still lack access to electricity. (7) A Carnegie report shows that between 2012 and 2021, G20 countries and multilateral development banks provided approximately $35 billion annually in energy financing to Africa, but the African energy sector still faces a significant financing gap that existing channels cannot fill. (8) Private capital is flowing into Africa's energy sector, but primarily into clean electricity rather than oil and gas. (9) Climate technology startups are expected to raise approximately $1.2 billion by 2025, accounting for 38% of all venture capital in Africa, with development lenders and commercial banks providing the majority of clean energy funding. (10) Kenya received 29% of the funding for African startups last year, mostly for climate-related transactions; Nigeria launched a $300 million distributed renewable energy fund in September for solar microgrids and off-grid power.

17:51:36

[Democrats Win Both Houses of Congress; Shipping Market Focuses on Iran Situation and Straits of Hormuz] ⑴ The Democrats have won both houses of Congress. The House of Representatives gained 13 seats (228 to 139) and the Senate gained 7 seats (54 to 44). 68 House seats remain undecided. ⑵ The national election trend is consistent. Compared to the 2024 presidential election, Democrats lead by 14.7 percentage points in the Northeast, 14.5 percentage points in the South, 12.8 percentage points in the West, and 11.9 percentage points in the Midwest. In the South, with 41.9 million votes counted, the Republican lead has reversed to a 3.1 percentage point lead (up to 11.4 percentage points). ⑶ For the shipping market, the key issue is the impact of this on the situation in Iran. ⑷ The US launched a limited defensive strike on Qeshm Island on Tuesday, targeting surface-to-air missiles. Trump told the Financial Times that there were no immediate plans for a strike. Tehran stated that an agreement is still far off, and Qatar has intensified its mediation efforts. (5) The conflict itself remains unchanged. War powers and funding are slower-moving levers, expected to be used by the new Democratic Party. (6) If normal navigation in the Strait of Hormuz resumes—a highly hypothetical scenario—freight efficiency will improve, global ton-miles will decrease, and freight rates will fall. (7) The UK's Office of Maritime Trade Operations recorded over 30 incidents in October. The US vote, effectively a referendum, has not changed the hardline guerrilla tactics of Iran. (8) Headline risks remain high, currently more bearish than bullish for freight rates.

17:50:50

[European Stocks Extend Gains, Spanish Index Leads the Way] ⑴ European stocks extended gains, with the French CAC40 index rising 1%. ⑵ The Stoxx Europe 600 index rose 1%. ⑶ The German DAX index rose 0.94%. ⑷ The Spanish IBEX 35 index rose 2.13%, leading the gains among major stock indices.

17:49:03

[ING: Swiss Inflation Exceeds Expectations, Swiss Franc Demand Rises] ⑴ ING stated that the euro fell sharply against the Swiss franc yesterday as Swiss inflation rose 1.5% year-on-year in October, exceeding expectations. ⑵ This raised market questions about whether the Swiss National Bank (SNB) can avoid tightening policy throughout 2027, as sources have indicated. ⑶ SNB President Schlegel will speak at a conference of SNB observers tomorrow, and the market should hear more related statements. ⑷ The bank believes that the SNB's more hawkish stance is a clear positive for the Swiss franc, and traders will remember that in 2023, the SNB actively promoted a stronger franc and used foreign exchange intervention as one of its tightening tools. ⑸ The bank expects market interest in the Swiss franc to rise further in the coming months, and forecasts downside risks for the euro/Swiss franc exchange rate.

17:48:57

Associated Press predicts: Democrat Aaron Ford will win the Nevada gubernatorial election.

17:48:37

[ING: Focus on Eurozone Core Inflation, Euro Expected to Trade in Short-Term Range] ⑴ ING stated that the euro is retreating from its overnight high of 1.1260 against the dollar and is expected to follow the trend of technology stocks today. If technology stocks come under pressure again, it could push the euro higher against the dollar. ⑵ The bank believes that the 1.1260-1.1270 area is currently the top of the short-term trading range. ⑶ Today's focus is on the preliminary reading of the Eurozone's October Consumer Price Index (CPI). Energy prices are expected to drive the overall year-on-year increase to 4.0%, while core inflation is expected to remain stable at 2.5%. ⑷ The bank pointed out that an unexpected upward movement in core inflation should be beneficial for the euro, and short-term euro swap rates will rise, as the market believes that the ECB needs to take more than just insurance rate hikes.

17:46:43

[Slovenia's Trade Surplus Narrows to €398.4 Million in September] ⑴ Slovenia's trade surplus narrowed to €398.4 million in September 2026, compared to €552.6 million in the same period last year. Nevertheless, the latest figure still represents the largest surplus in a year. ⑵ Imports increased by 18.1% year-on-year to €6.4997 billion, mainly driven by growth in imports from EU countries (+10.0%) and non-EU countries (+26.6%). ⑶ Meanwhile, exports increased by 13.9% to €6.8982 billion, benefiting from increased exports to EU countries (+7.4%) and non-EU countries (+19.6%). ⑷ From January to September, Slovenia recorded a trade deficit of €6.6796 billion, reversing the €2.453 billion surplus in the same period last year, due to a 14.3% increase in imports and a 2.8% decrease in exports.

17:46:33

[VIP Article] Democrats sweep Congress! Dollar under pressure, will the 2027 drama unfold ahead of schedule? (Article already published, viewable directly on the website, but accessible in the VIP section of the app).

17:45:25

[Singapore Proposes Amendments to Tighten Laws on Transboundary Haze, Raising Maximum Daily Fine to S$1 Million] ⑴ Following the devastating wildfires in Indonesia in 2026, which left Singapore shrouded in thick smoke for weeks, the Singapore government has proposed amending legislation to tighten laws related to transboundary haze. ⑵ Minister for Sustainability and the Environment Grace Fu stated that Singapore plans to introduce several enhanced measures based on existing regulations: businesses that conduct business with entities or individuals suspected of causing fires will face business restrictions and fines. ⑶ The amended legislation will also authorize arrests within Singapore; the maximum daily fine for causing or contributing to haze-related fires will be increased from approximately S$78,000 to S$1 million, a tenfold increase.

17:45:18

The Australian dollar just touched the 111.00 level against the Japanese yen, and is currently trading at 111.00, up 0.47% on the day.

17:43:03

[UK Composite PMI Rises to 52.9 in October; Business Activity Grows Fastest in Eight Months] ⑴ In October 2026, the S&P Global UK Composite PMI rose to 52.9 from 52 in September, slightly below the initial reading of 53.1, but still the highest level since February. ⑵ Stronger manufacturing activity supported overall growth, while the service sector also performed well, with output growth at its fastest pace since September 2024. ⑶ New business grew at its fastest pace in nine months, supported by a recovery in export sales. ⑷ Private sector employment increased for the first time in 25 months, mainly driven by a recovery in hiring in the service sector. ⑸ However, inflationary pressures intensified, with input costs rising at their fastest pace since June. Both manufacturing and service sector companies reported accelerating input price increases, attributing them to rising fuel and transportation costs.

17:41:05

[Brazil's October IPC-Fipe Inflation Slows to 0.44%] ⑴ Brazil's consumer price growth slowed in October. Consumer prices, measured by IPC-Fipe, rose 0.44% month-on-month in October, down from 0.51% in September. ⑵ Housing costs rose by only 0.05%, compared to 0.98% in the previous month; transportation prices fell by 0.05%, compared to a 0.30% increase previously. ⑶ Increases in healthcare (0.09%, compared to 0.19% in September) and personal spending (0.22%, compared to 0.30% in September) also slowed. ⑷ In contrast, food price increases accelerated from 0.44% to 1.35%, contributing 0.39 percentage points to the overall index.

17:40:02

Pakistani Prime Minister: Pakistan will import liquefied petroleum gas and lower prices through auctions.

17:39:51

India's Information Minister: Incentives for key minerals worth 28.14 billion rupees have been approved.

17:38:53

UK Government Official Net Reserves Change in October (USD Billion)

Previous : -60.1 Forecast : -

Published Value -22.31

17:37:44

[Eurozone Composite PMI Falls to 51.7 in October, Business Activity Slows] ⑴ The S&P Global Eurozone Composite PMI fell to 51.7 in October 2026, down from 53.1 in September and also below the initial reading of 51.9. ⑵ This is the first decline in the index since May, indicating weaker expansion in private sector activity, with the slowest pace in four months. ⑶ The slowdown was broad-based, with both manufacturing and service sector output growth declining. ⑷ New business inflows nearly stalled after three months of robust growth, while employment declined and business confidence fell to its lowest level since May. ⑸ On the price front, input cost inflation accelerated to a five-month high, while output charges continued to rise sharply, although the rate of increase slowed compared to September.

17:35:01

S&P maintains Thailand’s foreign currency rating at “BBB+/A-2” and local currency rating at “A-/A-2”; outlook stable.

17:34:27

Gold and silver prices surged. US election data analysis agencies and media predict that the Democratic Party will regain control of the Senate and House of Representatives from the Republicans, thus regaining control of the US Congress. The market anticipates that a Democratic return to power will lead to stricter regulation of the AI industry and the failure of business-friendly policies such as tax breaks and banking regulation. This expectation has fueled risk aversion in the market, causing a broad decline in US stock futures, with semiconductor and AI-related stocks experiencing concentrated sell-offs. Some funds have flowed into US Treasuries as a safe haven, leading to a decline in US Treasury yields. While the US dollar weakened, some investors also bought gold to hedge against multiple risks. International gold prices rose significantly in the afternoon session of Asian trading on the 4th. As of 4:40 PM, the price of gold futures for December delivery on the New York Mercantile Exchange was $4047.50 per ounce, up 2.73%; London spot gold was $4038.55 per ounce, up 2.65%. Silver futures for December delivery settled at $51.935 per ounce, up 4.39%; spot silver in London settled at $51.960 per ounce, up 4.40%. The previous day, the World Gold Council's latest Q3 "Global Gold Demand Trends" report showed that global central banks net bought 321 tons of gold in the quarter, a 42% year-on-year increase; global physical gold ETFs saw net inflows of 211 tons in Q3, reaching a record high, indicating that long-term investors and institutions are still increasing their holdings. (CCTV)

17:31:42

Democrats win both houses of Congress; interest rates and geopolitical factors push gold prices back above $4,000. Details>

17:31:06

UK reserve assets totaled in October (in billions of US dollars)

Previous : 2259.11 Forecast : -

Published Value 2200.33

17:30:21

[Julius Baer: Anti-AI Sentiment Rises, Focus on the Defensive Value of High-Quality Bonds] ⑴ Julius Baer analysts stated that the debate surrounding investment in artificial intelligence is likely to intensify in the coming months and even years. ⑵ In a commentary, analysts pointed out that the Democratic Party's progress, coupled with overwhelming opposition to data centers in dozens of local voting measures, signifies a more apparent mandate against artificial intelligence. ⑶ Analysts added that any slowdown in expected capital expenditures would inevitably lead to a downward revision of the growth outlook and a more moderate issuance demand. ⑷ Analysts believe that high-quality, low-credit-risk bonds remain valuable for fixed-income investors, and such exposure should serve as a diversification tool during periods of weakening demand or stock market sell-offs triggered by growth concerns.

17:30:00

UK October SPGI Composite PMI Final Reading

Previous : 53.10 Forecast : 53.10

Published Value 52.90

17:30:00

UK October SPGI Services PMI Final Reading

Previous : 53.10 Forecast : 53.10

Published Value 52.80

17:27:38

[Ministry of Finance Issues 2026 Book-Entry Discount Treasury Bonds (Issue 72)] The Ministry of Finance is issuing 2026 book-entry discount treasury bonds (issue 72). These bonds are 182-day discount bonds. The total face value of these bonds was 60 billion yuan through competitive bidding, with additional bids from Class A members allowed. The issuance price was determined through competitive bidding, and the bonds were issued at a discount to the face value. Interest accrues from November 12, 2026, and repayment is due at face value on May 13, 2027 (postponed if a holiday falls on that date).

17:26:13

[Germany's October Composite PMI Revised Up to 53.4, Manufacturing Growth Accelerates] ⑴ In October 2026, the S&P Global Germany Composite PMI was revised upward to 53.4 from the initial reading of 52.8, slightly lower than the 11-month high of 53.8 in September. ⑵ The data shows that growth in Germany's private sector slowed slightly but remained robust, with service sector activity weakening (52.5, previous value 52.9) and manufacturing growth accelerating (54.2, previous value 53.9). ⑶ New business growth slowed significantly, service sector demand declined again, and new factory orders growth weakened (although still robust). ⑷ Employment declined for the first time in three months, and business expectations for future output cooled slightly. ⑸ In terms of prices, both input cost and output price inflation rates slowed, with output price inflation falling to its lowest level since March.

17:25:38

[Eurozone October Services PMI Revised Down to 51.4, Growth Slowing] ⑴ In October 2026, the S&P Global Eurozone Services PMI was revised down to 51.4 from the initial reading of 51.7, lower than September's 53, indicating a slowdown in services growth at the start of the fourth quarter. ⑵ New business inflows declined slightly, a significant departure from the robust growth seen in each month of the third quarter. ⑶ To support business activity, companies consumed backlogged work, and the backlog of orders declined for the 11th time in the past 12 months. ⑷ October data also showed a renewed decline in services employment, the first time since May. ⑸ Service sector price pressures eased slightly, with both output-based and input-based inflation rates falling for the first time since July.

17:25:06

Brent crude oil futures fell 2.01% on the day, closing at $102.26 per barrel.

17:24:54

Indian Information Minister: The cabinet has approved a 145 billion rupee energy storage project plan.

17:24:42

Sources say South Korea is asking securities firms to avoid signing new stock-linked securities contracts.

17:22:21

The Straits Times Index in Singapore closed at 5268.63 points, essentially unchanged.

17:22:02

[China Securities Index Co., Ltd. issued an announcement on the revision of the compilation scheme of the SSE Hong Kong Stock Connect Index] After research, the Shanghai Stock Exchange and China Securities Index Co., Ltd. have decided to revise the compilation scheme of the SSE Hong Kong Stock Connect Index. The revisions include: (1) The sample space is revised to: "Hong Kong Stock Connect securities announced by the Shanghai Stock Exchange and screened according to the following conditions: securities listed for less than 1 year are excluded unless the total market capitalization of the securities is among the top 10 in the corresponding market or the securities of the same company in the mainland market have been listed for more than 1 year; securities with an average daily turnover of less than HK$5 million in the past year are excluded; the median daily turnover rate of each month is calculated as the monthly turnover rate, and securities with an average monthly turnover rate of less than 0.1% in the past 12 months or the past 3 months are excluded unless the average daily turnover of the securities in the past year is greater than HK$50 million"; (2) The index calculation rules are revised to: "Adjusted market capitalization = ∑(Securities price × Adjusted share capital × Weighting factor × Exchange rate). For the calculation methods of exchange rate, adjusted share capital, and divisor correction, please refer to the Calculation and Maintenance Details. The weighting factor is between 0 and 1 so that the weight of a single sample does not exceed 10%. "; (3) The regular adjustment rule is revised to: "The index sample is adjusted once a quarter, and the sample adjustment implementation time is the next trading day after the second Friday of March, June, September and December each year. The weighting factor is adjusted with the regular sample adjustment, and the adjustment time is the same as the implementation time of the regular index sample adjustment. Before the next regular adjustment date, the weighting factor is generally fixed"; (4) The temporary adjustment rule is revised to: "The index will be temporarily adjusted under special circumstances. When a sample is delisted, it will be removed from the index sample. The handling of sample companies undergoing acquisition, merger, split, etc., shall be handled in accordance with the Calculation and Maintenance Details. When the scope of Hong Kong Stock Connect changes and the index sample no longer meets the qualification for interconnection, it will be removed accordingly."

17:21:13

[France's October Services PMI Revised Down to 46.2, Marking the Worst Contraction Since May] ⑴ In October 2026, the S&P Global France Services PMI fell to 46.2, revised down from the initial reading of 48.4 and also lower than the previous month's 51.2. ⑵ This is the worst contraction since May, mainly due to weak demand, tightening financial conditions, and cautious customer behavior. ⑶ New business declined at its fastest pace in five months, primarily reflecting weakening domestic demand, while export orders rose slightly. ⑷ Employment also declined, extending the current layoff period to six months, with companies citing restructuring, retirements, and the expiration of fixed-term contracts. ⑸ On the price front, cost pressures in the services sector remain high, driven by rising fuel prices, supplier fees, and wages. Service providers are therefore raising prices in an attempt to pass on the cost increases to customers. ⑹ French service providers' outlook for the 12-month period has turned pessimistic for the first time since April 2020.

17:20:08

[Italy's October Services PMI Rises to 52.0, a Three-Month High] ⑴ The S&P Global Italy Services PMI rose to 52.0 in October 2026 from 51.7 in the previous month, exceeding market expectations of 51.5 and reaching a three-month high. ⑵ This marks the fifth consecutive month of expansion for the index, returning to its long-term trend level. ⑶ Stronger inflows of new business, particularly from new contracts and customer orders in the domestic market, supported activity levels. However, export sales growth slowed to a meager pace. ⑷ Employment growth accelerated slightly as backlogs rose for the first time in seven months, encouraging businesses to hire further, but job creation remained at a marginal level. ⑸ On the price front, input cost inflation rose to its highest level in nearly four years, mainly reflecting energy pressures related to the Middle East conflict. Output price inflation also accelerated as businesses faced increasing cost pressures. ⑹ Meanwhile, business confidence rose to its highest level since November 2025.

17:19:31

The Chicago Board Options Exchange Volatility Index (VIX) fell below 19 points.

17:19:14

Fitch Ratings: Islamic syndicated loans will continue to grow; the Gulf countries remain the largest market, but ASEAN’s share is rising.

17:19:06

The USD/CNH exchange rate has just broken through the 6.6700 mark, currently trading at 6.6699, up 0.04% on the day; the USD/CNH exchange rate is currently trading at 6.6720, unchanged on the day.

17:19:05

[Germany's DAX Index Rises on Wednesday] The Frankfurt DAX 40 index rose 0.6% on Wednesday, breaking through the 26,000-point mark, after a lackluster performance in the previous trading day. Global market sentiment improved following the Democratic victory in the US congressional elections, which could constrain President Trump's legislative agenda. Meanwhile, investors continued to focus on geopolitical developments and the ongoing earnings season.

17:18:55

[French Bond Yields Fall] The yield on the 10-year French OAT fell to around 4.9%, following a decline in US Treasury yields. This followed a major victory for the Democrats in the US midterm elections. Democratic control of the House of Representatives is seen as reducing the likelihood of the Trump administration enacting further deficit-expanding legislation, easing market concerns about US government borrowing. However, continued market concerns about France's own fiscal prospects continue to weigh on domestic bonds. Meanwhile, increasingly hawkish comments from European Central Bank policymakers have reinforced market expectations of a tightening monetary policy outlook. Despite deciding to keep interest rates unchanged last week, ECB officials hinted that further rate hikes may be necessary to curb inflationary pressures and prevent them from transmitting to wages.

17:18:43

The Israeli Election Commission approved the election results.

17:18:36

[Eurozone October Services PMI Revised Down to 51.4] In October 2026, the S&P Global Eurozone Services PMI was revised down to 51.4 from the preliminary reading of 51.7, lower than September's 53, indicating a slowdown in services growth at the start of the fourth quarter. New business inflows declined slightly, a significant departure from the robust growth seen in each month of the third quarter. To support business activity, companies consumed backlogged work, and outstanding orders declined for the 11th time in the past 12 months. October data also showed a renewed decline in services employment, the first time since May. Services price pressures eased slightly, with both output-based and input-based inflation rates falling for the first time since July.

17:18:28

Saudi civil defense authorities have warned of potential dangers in the Jizan region.

17:18:12

[Independent Australian Inquiry: US-UK-Australia Nuclear Submarine Cooperation Should Be Ended Immediately] An independent Australian inquiry released its final report on the 4th, calling on the Australian government to immediately terminate nuclear submarine cooperation under the framework of the US-UK-Australia trilateral security partnership, arguing that this is the riskiest and most costly defense decision in Australian history. (Xinhua)

18

Real-Time Popular Commodities

Instrument	Current Price	Change
XAU	4045.39	-43.41 (-1.06%)
XAG	51.519	-0.266 (-0.51%)
CONC	91.51	0.99 (1.09%)
OILC	99.69	0.56 (0.57%)
USD	101.763	0.170 (0.17%)
EURUSD	1.1197	-0.0021 (-0.19%)
GBPUSD	1.3431	-0.0017 (-0.13%)
USDCNH	6.6664	0.0019 (0.03%)

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