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02:04:05

A BNSF report indicates that a train derailment near Teague, Texas, has disrupted the main rail line, and the expected reopening date is currently undetermined.

02:04:03

U.S. Steel expects the project to create 250 jobs.

02:03:00

Point72, whose assets under management have surged to $42 billion, has established a new securities division.

02:02:58

Approximately $90 billion in demand was attracted by the dollar bond issuance of Google's parent company, Alphabet.

02:02:57

According to a recent report by Options Group, stock traders are expected to be the biggest winners when banks distribute bonuses this year, with their total bonuses nearly 14% higher than last year. This increase will bring bonuses for this business to their highest level in a decade, while the average increase for global fixed income traders is only 2.9%, and investment bankers' bonuses are expected to increase by about 12%, also the best in a decade. Options Group CEO Michael Karp said in an interview that "stocks and investment banking are undoubtedly the big winners," and emphasized that banks know they need to reward employees and ensure that private equity, private lending, and all second- and third-tier institutions seeking expansion in the United States do not poach talent. The report is consistent with New York State Comptroller Thomas DiNapoli's prediction last month, who said that Wall Street bonus pools could break records as the profits of the 130 member firms of the New York Stock Exchange are expected to reach record highs.

02:02:52

On Monday, November 3, the South Korean won ultimately rose 0.07% against the US dollar, closing at 1430.56 won.

02:02:51

The Canadian government stated that Canada and Pakistan have reached an agreement to facilitate the export of Canadian canola to Pakistan.

02:02:50

Federal Reserve Chairwoman Daly stated that she considers areas of weakness to be a leading indicator.

02:02:49

U.S. quarterly cardboard box sales hit a 10-year low, potentially foreshadowing weak holiday retail sales. The continued slowdown in cardboard box sales has exacerbated concerns about a sluggish holiday season. Data released Friday by the Corrugated Packaging Association (CPA) showed that third-quarter corrugated box shipments fell to their lowest level since 2015, continuing the downward trend of the previous quarter. In recent weeks, several packaging companies have warned that economic uncertainty is suppressing retailers' and consumers' spending. Corrugated boxes are used for goods transportation packaging and store displays, and their shipments are often a leading indicator of demand for food and consumer goods. This time of year is crucial for the cardboard box industry, with shipments typically peaking in October to help retailers prepare for the holiday season. A Bloomberg industry research survey of cardboard box manufacturers showed that October orders were flat or below normal levels. Meanwhile, the U.S. consumer confidence index fell to a five-month low, and manufacturing activity declined for the eighth consecutive month. Thomas Hassfurther, president of Packaging Corp of America, said last month, "Clearly, the current economy hasn't provided much of a boost, and recurring tariff policies and other issues are impacting operations."

02:02:44

Federal Reserve official Daly stated that waiting until the jobs report to know whether the labor market is weak is already too late.

02:02:42

Mexico's manufacturing index reached 47.2 in October.

02:02:40

Mexico's non-manufacturing index was 50.4 in October.

02:02:39

Federal Reserve Bank of California President Tom Daly said he was both surprised and pleased by the resilience of the economy.

02:02:37

LME copper, nickel, and tin closed down $32, $84, and $39 respectively, at $10,855/ton, $15,142/ton, and $36,047/ton; LME aluminum, zinc, and lead closed up $18, $44, and $10 respectively, at $2,902/ton, $3,100/ton, and $2,027/ton; LME cobalt closed flat at $48,570/ton.

02:02:35

Kimberly-Clark has agreed to acquire struggling Tylenol maker Cof for approximately $40 billion, a move that would propel the Kleenex tissue manufacturer into the ranks of the leading consumer health companies. Kimberly-Clark will acquire Cof for $21.01 per share, a 46% premium over Cof's closing price last Friday. The two companies stated that the deal values Cof at approximately $48.7 billion in enterprise value. However, the deal exposes Kimberly-Clark to legal and political risks. Cof has been struggling financially since its spin-off from Johnson & Johnson in 2023 and is currently embroiled in an escalating battle with the Trump administration over the safety of its largest product, Tylenol. Cof's stock price has fallen nearly 33% this year. Kimberly-Clark stated that the combined company will generate $32 billion in revenue, surpassing Unilever to become the second-largest health and wellness products marketer after Procter & Gamble. Kimberly-Clark's stock price plummeted 14% in New York, marking its biggest single-day drop since 2000. Meanwhile, Cof's stock price opened 20% higher at $17.18, still below its IPO price.

02:02:30

In October, Italy reported a budget deficit of €19.7 billion.

02:02:29

Federal Reserve Bank of Canada President Tom Daly stated that current spending data faces greater vulnerability given the weakening labor market, and while the economic situation is generally positive, it is also more fragile.

02:02:28

Federal Reserve Bank of Canada President Tom Daly stated that the Fed is working to balance policy rates in order to reduce inflation.

02:02:27

According to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA), Typhoon Hagupit, the 25th typhoon of the year, made landfall in Cilago, Southern Leyte province, Philippines at 00:00 local time on November 4.

02:02:17

Federal Reserve's Daly: Given the weakening labor market, spending data now faces greater vulnerability. The economic situation is good, but also more fragile.

02:02:17

Federal Reserve's Daly: The Fed is trying to balance policy rates to reduce inflation.

01:52:02

[US Quarterly Cardboard Box Sales Hit Lowest Level in Decade, Potentially Signaling Weak Holiday Retail Sales] The continued slowdown in US cardboard box sales has further exacerbated concerns about a weak holiday season for retail sales. According to data from the Corrugated Packaging Association (CPA), a US industry group, third-quarter corrugated box shipments fell to their lowest level for the same period since 2015, continuing the sluggish trend of the previous quarter. In recent weeks, several packaging companies have warned that economic uncertainty is suppressing the spending intentions of retailers and consumers. Corrugated boxes are primarily used for shipping goods and in-store displays, and their shipments are often considered a leading indicator of demand for food and consumer goods. This period is crucial for the cardboard box industry each year, with shipments typically peaking in October to help retailers prepare for the holiday season. A Bloomberg Intelligence survey of cardboard box manufacturers showed that orders in October were flat or below normal levels. Meanwhile, the US consumer confidence index fell to a five-month low, and manufacturing activity declined for the eighth consecutive month.

01:51:18

The Nasdaq Composite Index has just broken through the 23,900.00 mark, currently trading at 23,901.67, up 0.74% on the day.

01:50:45

Federal Reserve's Daly: I consider weak areas as a leading indicator.

01:50:45

Federal Reserve's Daly: If you wait for the jobs report to tell you whether the labor market is weak, you're already behind the times.

01:33:46

[Eurozone Sovereign Bond Yields Rise by Over 2 Basis Points] On Monday (November 3), in late European trading, the yield on German 10-year bonds rose 3.4 basis points to 2.667%, trading within a range of 2.634%-2.667% throughout the day, trending upwards with continuous fluctuations. The yield on 2-year German bonds rose 2.9 basis points to 1.998%, gapping up initially before slightly retreating to a daily low of 1.973% at 15:59 Beijing time (one minute before the European stock market opened). It then fluctuated at low levels until 18:30, before steadily rising to 1.998% at 00:59. The yield on 30-year German bonds rose 4.0 basis points to 3.251%. The spread between 2-year and 10-year German bond yields widened by 0.413 basis points to +66.687 basis points.

01:28:27

Federal Reserve's Daly: Government data is not the only data we obtain.

01:28:27

Federal Reserve's Daly: We have less information than we used to, but we can still make decisions as needed. The labor market does not appear to be on the verge of collapse.

01:28:27

Federal Reserve's Daly: Looking to the future requires communication with people.

01:28:27

Federal Reserve's Daly: We will weigh the risks; inflation is currently around 3%.

01:28:12

Federal Reserve's Daly: Inflation needs to be contained without harming employment.

01:28:12

Federal Reserve's Daly: The Fed's divisions are no greater than before, and we don't even use the word "divisions".

01:28:11

Federal Reserve's Daly: A decision that weighs the risks needs to be made.

01:26:30

Federal Reserve's Daly: A 50-basis-point rate cut this year would put the Fed in a more advantageous position.

01:26:27

Federal Reserve's Daly: Open to a decision in December.

01:26:26

Federal Reserve's Daly: Policy needs to remain moderately tight.

01:26:25

Federal Reserve's Daly: Inflation is still above target and needs to be brought down.

01:26:25

Federal Reserve's Daly: The labor market has clearly softened.

01:25:42

Federal Reserve's Daly: Rate cuts are appropriate; I support rate cuts.

01:25:18

Silver Outlook: Traders focus on ADP and Fed data for direction; prices trade within a range. Details>

01:20:34

Spot gold has just broken through the $4,010.00/ounce mark, and is currently trading at $4,010.23/ounce, up 0.18% on the day; COMEX gold futures are currently trading at $4,022.30/ounce, up 0.65% on the day.

01:06:53

International copper futures closed down 0.10% overnight, while Shanghai copper futures closed down 0.10%. Shanghai aluminum futures closed up 0.42%, Shanghai zinc futures closed up 0.82%, Shanghai lead futures closed up 0.20%, Shanghai nickel futures closed down 0.23%, and Shanghai tin futures closed down 0.25%. Alumina futures closed up 0.33% overnight, while aluminum alloy futures closed down 0.18%. Stainless steel futures closed down 0.59% overnight.

01:05:31

Ukrainian President Zelensky: Ukraine still needs $750 million in funding to import natural gas.

01:05:06

Ukrainian President Zelensky: The EU will provide Ukraine with additional funds for natural gas imports.

01:04:53

[Night Trading Futures Closing] International copper futures closed down 0.10%, Shanghai copper futures closed down 0.10%, Shanghai aluminum futures closed up 0.42%, Shanghai zinc futures closed up 0.82%, Shanghai lead futures closed up 0.20%, Shanghai nickel futures closed down 0.23%, and Shanghai tin futures closed down 0.25%. Alumina futures closed down 0.18%, and aluminum alloy futures closed up 0.33%. Stainless steel futures closed down 0.59%.

01:00:00

The European Commission's draft text indicates that while Ukraine has made some progress on fundamental reforms, further efforts are still needed.

00:59:59

The European Commission's draft text indicates that the recent negative trends in Ukraine, including increasing pressure on professional anti-corruption agencies and civil society, must be decisively reversed.

00:59:58

The European Commission's draft text shows that Ukraine has demonstrated remarkable determination on its path to EU accession over the past year.

00:59:49

The European Commission's draft text indicates that future EU accession treaties should include stronger safeguards to prevent backsliding on democratic commitments by applicant countries.

00:59:00

[UK Bond Yields Rise by About 3 Basis Points] On Monday (November 3), in late European trading, the yield on 10-year UK government bonds rose 2.7 basis points to 4.436%, fluctuating upwards throughout the day, trading between 4.399% and 4.445%, stabilizing near 4.4%, a low since October 22. The yield on 2-year UK government bonds rebounded 2.5 basis points to 3.796%. The yield on 30-year UK government bonds rose 3.0 basis points, and the yield on 50-year UK government bonds rose 3.6 basis points. The spread between 2-year and 10-year UK government bond yields widened by 0.333 basis points to +63.998 basis points.

00:52:46

Novo Nordisk: Pfizer’s claim that Novo Nordisk intends to stifle innovation through our offer is “false and baseless.”

00:49:47

Robusta coffee futures in London rose 3% to $4,676 per tonne.

00:49:31

The STOXX Europe 600 index closed up 0.04% at 572.10 points. The STOXX Eurozone 50 index closed up 0.22% at 5674.50 points. The FTSE Eurotop 300 index closed up 0.05% at 2275.75 points.

00:49:16

The German DAX 30 index preliminarily closed up 0.63% at 24,110.63 points, with its component stocks Rheinmetall (RHM) preliminarily closing up over 3.7%, and Siemens Energy and Volkswagen leading the gains at over 2%. The French stock index preliminarily closed down 0.20%, the Italian stock index preliminarily closed up 0.15%, the Italian banking index rose 0.28%, and the UK stock index preliminarily closed down 0.18%.

00:49:02

The U.S. Treasury auctioned three-month Treasury notes, with a winning bid of 3.815% and a bid-to-cover ratio of 2.62. It also auctioned six-month Treasury notes, with a winning bid of 3.700% and a bid-to-cover ratio of 2.92.

00:48:48

[Government Shutdown Impacts Aviation Safety: US Transportation Secretary Says National Airspace Will Be Closed If Necessary] As the US government shutdown enters its second month, Transportation Secretary Sean Duffy stated that he would close US airspace if officials determine that air travel is dangerous. "If we think it's unsafe, we'll close the entire airspace," Duffy said. He noted that the US hasn't reached that point yet, but the shutdown does expose the aviation system to greater risks. Due to a growing shortage of air traffic controllers since the shutdown began on October 1st, the Federal Aviation Administration (FAA) had to slow air traffic at many airports last week. Air traffic controllers continue to work without pay. The FAA posted on social media that half of its 30 busiest facilities were understaffed on Friday. The FAA stated that nearly 80% of air traffic controllers handling flights in the New York area were absent that day. According to FlightAware data, more than 6,200 flights were delayed and nearly 500 were canceled in the US on Friday.

00:47:48

[Tesla's European Sales Plunge Again, Maintaining a Sluggish Trend] Tesla's sales have plummeted in several European markets this year. The most significant drop so far has been in Sweden. According to data from the country's Association of Automobile Manufacturers, only 133 new Tesla vehicles were registered last month, a year-on-year plunge of 89%. In Norway and the Netherlands, sales have roughly halved; in Spain, sales have fallen by nearly a third. France is an exception, with Tesla's new car registrations in October increasing by 2.4% year-on-year. However, this growth is based on an extremely low base; in October 2024, sales declined by 47% year-on-year. In the first 10 months of this year, Tesla's cumulative registrations in France decreased by 30% year-on-year. Tesla's global sales hit a record high in the third quarter, mainly due to a rush of purchases by US consumers before the electric vehicle tax credit expired on September 30. In Europe, however, Tesla's sales have been sluggish for several consecutive quarters due to an aging product line and controversy surrounding Musk's political stance (including his role in the Trump administration).

00:35:24

U.S. Treasury prices fell further, while the 10-year Treasury yield rose about 4 basis points to 4.1202%—breaking through last week's high and approaching the intraday high of 4.1384% on October 10. On the daily chart, the 10-year Treasury yield has been trending downwards since reaching 4.6247% on May 22.

00:35:08

[Government Shutdown Nears Record, US Faces Double Pressure on Livelihoods and Economy] The US federal government shutdown entered its 34th day on November 3, just shy of breaking the historical record of 35 days set during the shutdown from the end of 2018 to the beginning of 2019. The destructive impact of this shutdown is directly affecting and continuing to expand in sectors such as civil aviation, food, and healthcare, placing double pressure on people's livelihoods and the economy. (CCTV News)

00:35:03

U.S. Treasury prices fell further, while the 10-year Treasury yield broke through last week's high.

00:31:59

The Dow Jones Industrial Average has just broken through the 47,400.00 mark, currently trading at 47,403.21, down 0.34% on the day.

00:19:45

[Global Major Manufacturing Economies Struggle, US Tariffs Severely Impact Factory Orders] Business surveys show that the recovery of major global manufacturing economies was weak in October, with sluggish US demand and President Trump's tariff policies impacting factory orders. US factories have also been affected by import tariffs. In October, new orders declined and supply chain tensions led to the eighth consecutive month of contraction in US manufacturing activity. Purchasing Managers' Index (PMI) data shows that factory activity in the Eurozone stagnated, with new orders barely growing and workforce numbers declining. Meanwhile, Germany, an export engine, showed almost no signs of recovery, with production growth slowing again.

00:17:08

Spot gold has just broken through the $4,000.00/ounce mark, last trading at $3,999.67/ounce, down 0.08% on the day; COMEX gold futures are last trading at $4,010.50/ounce, up 0.35% on the day.

00:16:14

[Ford and Hyundai Electric Vehicle Sales Plunge in October as Trump Halts Former President Biden's Federal Tax Credit Policy] Sales of electric vehicles from Ford, Kia, and Hyundai have plummeted as many American car buyers abandoned their purchase plans before President Trump ended the tax credit for new energy vehicles. Only a few automakers have released their October sales figures, but the results show an expected early indication of a decline in electric vehicle sales following the expiration of federal incentives. Ford's U.S. electric vehicle sales fell 25% year-over-year in October, while Kia and Hyundai's U.S. electric vehicle sales saw declines ranging from 52% to 71%, with Kia experiencing a similar drop.

00:05:46

According to reports, the Organization of the Petroleum Exporting Countries (OPEC+) will increase production by 137,000 barrels per day in December, but plans to suspend further production increases in the first quarter due to concerns about oversupply, reserving the flexibility to adjust production if necessary.

00:04:48

USDA data: U.S. export inspections: 965,063 tons of soybeans, 350,293 tons of wheat, and 1,668,781 tons of corn.

23:54:34

Spot gold has just broken through the $4,010.00/ounce mark, and is currently trading at $4,009.89/ounce, up 0.17% on the day; COMEX gold futures are currently trading at $4,021.00/ounce, up 0.61% on the day.

23:52:41

According to reports, the Organization of the Petroleum Exporting Countries (OPEC+) will increase production by 137,000 barrels per day in December, but plans to suspend further production increases in the first quarter due to concerns about oversupply, reserving the flexibility to adjust production if necessary.

23:51:46

Fitch: EU competition law is increasingly restricting support for public entities.

23:44:14

Gold prices rose as bulls stabilized the market. Details>

23:36:11

Spot silver fell 1.01% on the day, closing at $48.16 per ounce; COMEX silver futures were last quoted at $47.88 per ounce, down 0.59% on the day.

23:31:21

Spot platinum has just broken through the $1560.00/oz mark, and is currently trading at $1559.65/oz, down 2.48% on the day; Nymex platinum futures are currently trading at $1573.0/oz, down 0.15% on the day.

23:29:45

According to reports, the Organization of the Petroleum Exporting Countries (OPEC+) will increase production by 137,000 barrels per day in December, but plans to suspend further production increases in the first quarter due to concerns about oversupply, reserving the flexibility to adjust production if necessary.

23:29:42

India's Ministry of Commerce: EU negotiators are participating in consultations in New Delhi.

23:28:21

Spot gold has just broken through the $4,010.00/ounce mark, and is currently trading at $4,009.86/ounce, up 0.17% on the day; COMEX gold futures are currently trading at $4,021.50/ounce, up 0.63% on the day.

23:28:11

The Dow Jones Industrial Average has just broken through the 47,200.00 mark, currently trading at 47,199.86, down 0.76% on the day.

23:27:17

[German Government: Energy Subsidies Expected to Boost Heavy Industry in 2026] German Economy Minister Katherina Reiche anticipates the government will introduce a new mechanism next year to subsidize electricity costs for energy-intensive industries until 2029. The official stated that negotiations with the European Commission on "industrial electricity prices" have entered the final stage, and the measure could cost as much as €5 billion (US$5.8 billion). The planned industrial electricity price is seen as "a crucial cornerstone" for improving the competitiveness of Germany's steel industry, which has been plagued by rising energy costs.

23:26:50

The Nasdaq Composite Index has just broken through the 23,800.00 mark, currently trading at 23,797.70, up 0.31% on the day.

23:26:02

Federal Reserve's Goolsby: Consumer spending is a key driver of economic growth momentum.

23:26:01

Federal Reserve's Goolsby: The economy is generally quite strong, but there is weakness in certain sectors.

23:26:00

Federal Reserve's Goolsby: It's best to let interest rates fall along with inflation.

23:24:46

Federal Reserve's Goolsby: It's best to let interest rates fall along with inflation.

23:24:45

Federal Reserve's Goolsby: "Concerned" about the inflation situation.

23:24:44

Federal Reserve's Goolsby: It's difficult to time things well during a period of transition.

23:24:10

Spot gold has just broken through the $4,020.00/ounce mark, and is currently trading at $4,019.98/ounce, up 0.43% on the day; COMEX gold futures are currently trading at $4,031.50/ounce, up 0.88% on the day.

23:23:33

Federal Reserve's Goolsby: It is unusual for the economy to see low hiring and low layoffs.

23:18:29

The Dow Jones Industrial Average has just broken through the 47,300.00 mark, currently trading at 47,299.99, down 0.55% on the day.

23:17:19

Spot platinum has just broken through the $1570.00/ounce mark, and is currently trading at $1569.95/ounce, down 1.83% on the day; Nymex platinum futures are currently trading at $1584.0/ounce, up 0.55% on the day.

23:12:38

The Dow Jones Industrial Average has just broken through the 47,500.00 mark, currently trading at 47,697.33, up 0.28% on the day.

23:12:15

Federal Reserve's Goolsby: Low hiring rates are one of the weakest factors in the economy.

23:12:14

Federal Reserve's Goolsby: Cautious about layoff data.

23:12:13

Federal Reserve's Goolsby: No decision has been made before attending the next Fed rate-setting meeting.

23:00:27

Spot gold has just broken through the $4,030.00/ounce mark, and is currently trading at $4,030.09/ounce, up 0.68% on the day; COMEX gold futures are currently trading at $4,042.20/ounce, up 1.14% on the day.