Real-Time Financial News | 24/7 Market Updates

18:43:09

[Diesel premium surges to $25.75, Singapore inventories hit 13-week low] ⑴ Data shows that on Thursday, the 10ppm diesel crack spread held above $25.75/barrel at the Asian close, with tight near-month supply widening the backwardation again. ⑵ Singapore middle distillate inventories fell to 8.52 million barrels, a 13-week low, due to increased net exports and tightening regional spot supply. ⑶ The U.S. Energy Information Administration simultaneously reported that U.S. distillate inventories unexpectedly fell by 3.36 million barrels to 112.2 million barrels, far exceeding the expected decrease of 1.74 million barrels. ⑷ Jet kerosene spreads also strengthened, but the magnitude was moderate, with the diesel-to-jet kerosene regrade widening to -1.25 cents/barrel, highlighting the strength of diesel. ⑸ There were no transactions in the spot market, with traders adopting a wait-and-see attitude. High crack spreads may stimulate refineries to increase operating rates, increasing short-term volatility risk.

18:41:25

[Dollar Ignores Rate Cut, UK Wheat Plunges, Ukrainian Oilseed Production Cuts Ignite Rapeseed Prices] ⑴ Institutional quotes show that on Wednesday, UK Nov-25 feed wheat futures closed down 1.6% at £161.45/ton, while the May-26 contract only slightly declined by 0.1% to £177.95/ton, highlighting the resilience of the longer-term contracts. ⑵ Although the Federal Reserve cut interest rates by 25 basis points, the dollar did not fall due to optimism surrounding Sino-US dialogue, causing US wheat and UK grains to lose exchange rate support. ⑶ Paris May-26 rapeseed futures bucked the trend, rising 0.4% to €479/ton, while Winnipeg rapeseed rose 0.2% during the same period, and US soybean meal fell 0.1%, showing a clear divergence in strength and weakness. ⑷ The Ukrainian Vegetable Oil Association estimates that this year's sunflower seed production will fall from 12 million tons last year to 10.5 million tons, soybean production will plummet by 21% to 5.2 million tons, and rapeseed production will also fall by 8.3% to 3.3 million tons, with drought and severe weather during the harvest season being the main reasons.

18:39:51

[Euro Alert] ⑴ Germany's GDP grew by zero quarter-on-quarter in the third quarter, following a contraction in the second quarter, indicating a slowdown in economic growth. ⑵ Inflation declined in most German states in October, with unemployment rates rising in both the Eurozone and Germany. Germany's unemployment rate reached a high of 6.3%, the highest since the peak of the pandemic. ⑶ The European Central Bank kept interest rates unchanged for the third consecutive time on Thursday. Markets are betting that rates may remain unchanged for many years, and rising dovish expectations could put downward pressure on EUR/USD.

18:34:39

Spot gold has just broken through the $3,980.00/ounce mark, and is currently trading at $3,979.69/ounce, up 1.26% on the day; COMEX gold futures are currently trading at $3,993.20/ounce, down 0.19% on the day.

18:34:39

[Turkey Lightning Purchase of 250,000 Tons of Feed Barley at a Low of $245.8 Per Ton] ⑴ European traders revealed on Thursday that Turkey's State Grain Agency (TMO) purchased approximately 250,000 tons of animal feed barley in an international tender, with the transaction occurring in multiple batches. ⑵ Of this, approximately 25,000 tons were won by Tarimex at a CIF price of $245.8 per ton, the lowest CIF price in this tender. ⑶ Traders cautioned that the TMO tender was a provisional transaction and still requires final confirmation in the coming days. The agency reserves the right to cancel the entire purchase, and subsequent volume and price adjustments are still possible.

18:33:08

Eurozone Business Sentiment Index for October

Previous : -0.76 Forecast : -

Published Value -0.46

18:32:41

[Is the Dollar Rebound Just a Dead Cat Jump? MUFG Bets Another December Rate Cut] ⑴ Lee Hardman of MUFG Bank points out that Powell's post-meeting remarks dampened expectations of further rate cuts, causing the dollar to briefly surge to 99.356 before quickly retreating, indicating a fragile rebound. ⑵ The bank remains confident of a further 25 basis point cut in December, provided the labor market remains weak by the end of the year and the government shutdown ends, allowing the Fed to see the true state of the economy. ⑶ If the data supports this, the dollar index may turn downwards again from 99.181, making the bullish trend unsustainable.

18:31:34

[Burger King's Same-Store Sales Rise 4%, Surpassing Expectations] ⑴ Restaurant Brands announced on Thursday that its global same-store sales rose 4% in the third quarter, exceeding the 3.2% forecast by analysts, while only rising slightly by 0.3% in the same period last year. ⑵ Tim Hortons contributed the most, as its US stores account for only about 11% of its business and are less affected by macroeconomic headwinds, with demand remaining strong. ⑶ Burger King attracted price-sensitive consumers with its value-for-money meals, offsetting the pressure of declining consumer confidence in the US. ⑷ The company's revenue for the quarter was $2.45 billion, also exceeding the expected $2.4 billion, with menu updates and value-based pricing strategies being the main drivers of growth.

18:31:11

[Natural Gas Leads the Way, Nuclear Power Takes Over: Blue Energy's Texas Power Plant Takes a Two-Step Approach] ⑴ Blue Energy Global plans to build a 1.5 GW power plant in Victoria Harbour, Texas, initially powered by natural gas, to supply power to Crusoe Energy data centers starting in 2028. ⑵ The project is planned to be upgraded to a small nuclear reactor in 2031, at which point it will fully transition to nuclear power to meet the long-term demand for stable, clean electricity from AI workloads. ⑶ The company stated that the long delivery cycle of nuclear reactors and the phased strategy can alleviate the contradiction between the urgent expansion of data centers and the short-term absence of reactors.

18:30:19

[Powell's Hawkish Stance: Rate Cuts Pause Until Mid-2026] ⑴ A minutes released Wednesday by UniCredit Investment Institute indicated that with US inflation potentially rising, hiring rebounding, and economic activity remaining resilient, the Federal Reserve may postpone its next rate cut until mid-2026. ⑵ The institution noted that this week's rate cut statement was accompanied by "clearly tightening" guidance, and Chairman Powell reiterated that a December rate cut is "far from" a foregone conclusion, indicating a widening divergence in policymakers' interpretation of the outlook. ⑶ The model predicts only one more rate cut remaining, with the window falling in mid-2026, while also judging that Trump cannot exert a significant influence on monetary policy.

18:29:12

[France's Q3 GDP Growth Outpaces Germany and Italy; Political Storm Fails to Stop Soaring Aerospace Exports] ⑴ France's National Institute of Statistics and Economic Studies (INSEE) announced on Thursday that third-quarter GDP grew by 0.5% quarter-on-quarter, double the 0.3% growth in the second quarter, easily beating the highest estimate of 0.3% from 26 institutions. ⑵ Exports surged 2.2%, becoming the biggest engine of growth, with a surge in aerospace shipments. Combined with a 0.4% decline in imports, foreign trade alone contributed 0.9 percentage points, completely offsetting the 0.6 percentage point drag from inventory reduction. ⑶ Business investment expanded by 0.9% against the trend, offsetting the weak 0.1% growth in consumption. Officials stated that companies rushed to ship goods before the new round of Trump's tariff rhetoric took effect. ⑷ Finance Minister Le Suet urged parliament to quickly pass the budget, warning that billions of euros in additional taxes if the amendments were implemented would erode business confidence. ⑸ A senior economist at ING pointed out that business and consumer confidence rebounded simultaneously in October, and the impact of political budget uncertainty on growth may be less than expected and may be delayed.

18:28:54

[UnionCredit Breaks News: Fed May Stall Until Mid-2026, Only One More Rate Cut Left] ⑴ UniCredit Investment Institute points out that due to potentially rising inflation, a rebound in hiring, and resilient economic activity, the Fed may not cut rates again until mid-2026. ⑵ The institution believes that the official statements following Wednesday's rate cut were "clearly hawkish," with Chairman Powell stating that a December rate cut is "far from a done deal" and emphasizing the deepening divergence among policymakers regarding the outlook. ⑶ The model predicts only one more rate cut remaining, with the window falling in mid-2026, while also believing that Trump cannot exert a decisive influence on monetary policy.

18:25:21

[Nordic Wind Power Plunges by 1.1 GWh, Electricity Price Sharply Jumps to €58 Tomorrow] ⑴ Institutional models indicate that wind power output will decrease by 1.1 GWh/h on Friday compared to today, while electricity consumption will increase slightly by 0.1 GWh/h, resulting in a 1.1 GWh/h jump in residual load. ⑵ Exports to Germany, the Netherlands, Estonia, Lithuania, Poland, and the UK are expected to increase by 1.7 GWh/h tomorrow, amplifying the regional tightening effect. ⑶ Lower-than-average rainfall limits marginal hydropower replenishment, pushing system prices up to €58.0/MWh at the open. ⑷ Institutions have simultaneously raised their base load forecast for Germany to €80.9/MWh and peak load forecast to €78.1/MWh, potentially leading to a rapid narrowing of the price difference between Northern and Central Europe.

18:24:05

[Palm Oil Falls to "Golden Opportunity," Rebounds After Support at 4200 Ringgit] ⑴ David Ng, a trader at Iceberg X in Kuala Lumpur, pointed out that after several days of declines, palm oil attracted bargain hunters, with the most active January contract rising slightly by 8 ringgit to 4,260 ringgit per tonne. ⑵ Ng set short-term support at 4,200 ringgit and resistance at 4,380 ringgit, clearly indicating a range-bound trading strategy. ⑶ Previously, prices were under sustained pressure mainly due to weak demand and increased production; the concentrated release of short-selling momentum triggered a technical rebound.

18:23:43

Japanese Prime Minister Sanae Takaichi: South Korean President Lee Jae-myung will visit Japan next month.

18:22:44

[Greece's PPI Narrows Negation but Continues to Fall for Nine Consecutive Months; 4.1% Energy Price Drop Fails to Ward Off Deflation] ⑴ The Hellenic Statistical Authority announced on Thursday that the Producer Price Index (PPI) fell 1.1% year-on-year in September, marking the ninth consecutive month of negative growth, but recovering slightly from August's -1.7%. ⑵ On a month-on-month basis, the PPI rose slightly by 0.2% in September, reversing the decline of -0.6% in August. ⑶ Among the sub-indices, energy prices plummeted by 1.9% year-on-year, becoming the biggest drag on the overall index; while durable consumer goods prices rose 4.1% year-on-year, the only bright spot. ⑷ The rolling 12-month average shows that the PPI will cumulatively decline by 0.1% from October 2024 to September 2025, indicating that deflationary pressures at the Greek industrial level continue.

18:21:28

Eurozone Business Sentiment Index for October

Previous : -0.76 Forecast : -

Published Value -0.46

18:21:23

[Interest Rate Cut Script to Take a Sudden Turn? Six-Week Data Gap Hides Significant Volatility] ⑴ John Velis, Americas Macro Strategist at BNY Mellon, warns that market expectations for interest rate cuts may fluctuate considerably between now and the Fed meeting on December 9-10. ⑵ The strategist emphasizes that due to the scarcity of data during this period, the Fed's actions six weeks from now are almost impossible to predict, and investors betting on a December rate cut may face significant volatility.

18:21:07

Spot gold has just broken through the $3,990.00/ounce mark, and is currently trading at $3,989.58/ounce, up 1.51% on the day; COMEX gold futures are currently trading at $4,001.70/ounce, up 0.03% on the day.

18:20:12

US Dollar Price Forecast: After the Fed's 25 basis point rate cut, the focus shifts to the ECB's policy. Details>

18:18:17

[Wind Power Crash, German Electricity Prices Soar 21%, French Prices Plunge 60%] ⑴ Institutional data shows that at 18:50 Beijing time on Thursday, the baseload electricity price for Friday delivery in France fell to €23.6/MWh, a sharp drop of 60.7% from the previous close. ⑵ During the same period, the price range for German contracts of the same period was €92.3-93.3/MWh, compared to the previous close of €76.1, implying an increase of approximately 21%. ⑶ German wind power output is expected to halve from 34.7 GW on Thursday to 17.9 GW on Friday, forcing the country to become a net importer, despite an increase in thermal power capacity. ⑷ French nuclear power availability remained at 74% of total installed capacity, while demand on the demand side was expected to decrease by 1.2 GW to 49.7 GW on Friday. ⑸ German demand also declined by 1.4 GW to 57.9 GW on Friday, but the sharp drop in wind speeds had a greater impact on supply than on demand, leading to a sharp rise in spot premiums. (6) The average temperature over the next week will be 1-2 degrees Celsius lower than Friday's forecast, potentially leading to a short-term increase in heating load. (7) Germany's 2026 baseload annual contract rose slightly by 0.6% to €87.7/MWh, while no transactions were recorded for the French contract of the same year, which closed at €55.5/MWh. (8) The EU's 2025 benchmark carbon emission allowance contract rose slightly by 0.2% to €78.95/ton, providing additional support for thermal power costs. (9) Germany's third-quarter GDP saw zero growth quarter-on-quarter, with declining exports continuing to drag down Europe's largest economy. (10) The Institute for Energy Economics and Financial Analysis predicts that European natural gas demand will fall by 15% and liquefied natural gas imports by 20% between 2025 and 2030. While the pace of infrastructure expansion in Germany is slowing, the long-term green transformation continues.

18:17:47

Spot platinum has just broken through the $1600.00/ounce mark, last trading at $1599.88/ounce, up 0.30% on the day; Nymex platinum futures are last trading at $1602.7/ounce, up 0.12% on the day.

18:15:10

The Chairman of the Saudi Capital Market Authority (SMA) stated that the SMA will update foreign ownership limits in 2026. A decision still needs to be made regarding whether to remove restrictions entirely or gradually ease them.

18:11:54

[Eurozone Unemployment Rate Stabilizes for Third Consecutive Month, Employment Market Shows Resilience] ⑴ The Eurozone unemployment rate remained at 6.3% in September, unchanged from July and August. ⑵ The overall EU unemployment rate remained stable at 6.0%, down 0.1 percentage point from June. ⑶ Data shows the employment market has remained stable for three consecutive months, with no signs of further deterioration. ⑷ The current unemployment rate is the same as in the same period of 2024, indicating that the labor market has a certain degree of resilience.

18:10:03

[Strong Demand for Italian Government Bonds Leads to Overall Downward Shift in Yield Curve] ⑴ Italy successfully issued €3 billion in 2031-maturity bonds with a total yield of 2.75%, down 19 basis points from the previous issuance. ⑵ €4.5 billion in 2036-maturity bonds were issued concurrently, with a total yield of 3.46%, down 16 basis points from the previous issuance. ⑶ The bid coverage ratio for the 2031-maturity bonds was 1.59 times, while that for the 2036-maturity bonds was 1.47 times, indicating a divergence in market demand. ⑷ €1 billion in 2031-maturity floating-rate bonds were also issued, with a yield of 2.64%. ⑸ €1 billion in 2032-maturity floating-rate bonds were also issued concurrently, with a yield of 2.69%. ⑹ Demand for floating-rate bonds was significantly strong, with bid coverage ratios for the two bonds reaching 2.17 times and 2.15 times, respectively. ⑺ Yields for all maturities declined significantly compared to the previous issuance, reflecting a stronger market preference for Eurozone bonds. (8) The differences in bidding between fixed-rate and floating-rate bonds reflect investors’ different expectations of interest rate trends.

18:07:55

[Global Gold Demand Hits Record High, Investment Frenzy Drives Gold Prices to $4,000] ⑴ Global gold demand reached 1,313 tons in Q3 2025, valued at $146 billion, a record high for a single quarter. ⑵ Investment demand surged 47% to 537 tons, accounting for 55% of net demand, driven by FOMO (Fear of Missing Out) sentiment fueled by geopolitical factors and a weakening dollar. ⑶ Global gold ETFs saw increased holdings for the third consecutive quarter, with inflows of 222 tons in Q3 and a total increase of 619 tons in the first nine months. ⑷ Demand for gold bars and coins grew 17% to 316 tons, with India and China contributing 92 tons and 74 tons respectively. ⑸ Jewelry demand declined 19% year-on-year to 371 tons, the lowest Q3 level since 2020. ⑹ Global central bank gold purchases accelerated, with net purchases reaching 220 tons in Q3, a 28% increase quarter-on-quarter. ⑺ Gold mine production increased 2% to 977 tons, while recycled gold supply increased 6% to 344 tons. (8) The average price of gold in London reached US$3,456.54 per ounce, up 40% year-on-year and 5% month-on-month. (9) Retail gold demand in China surged 29% year-on-year to US$16.9 billion, a record high for the same period. (10) Sales of gold bars and coins in the Chinese market increased by 19% year-on-year to 74 tons, but gold ETFs saw an outflow of 5.8 tons. (11) Against the backdrop of continued central bank purchases, a weakening dollar and expectations of interest rate cuts may further support gold investment demand. (12) Research shows that the market is far from saturated, and the strategic value of allocating gold continues to stand out amid stagflation risks.

18:03:20

The annual rate of CPI in Brandenburg, Germany in October

Previous : 2.60% Forecast : -

Published Value 2.60%

18:03:20

The monthly rate of the BB Brandenburg CPI in Germany for October

Previous : 0.10% Forecast : -

Published Value 0.40%

18:02:42

[Eurozone Economy Shows Stronger Resilience Than Expected; French and Spanish Growth Offsets Stagnation in Germany and Italy] ⑴ Eurozone economy grew by 0.2% in the third quarter, better than the market expectation of 0.1%, with resilient consumption offsetting weak exports and the difficulties faced by German industry. ⑵ Annualized growth reached 1.3%, exceeding the forecast of 1.2% and approaching the natural growth level without stimulus policies. ⑶ France's quarterly growth of 0.5% significantly exceeded expectations, while Spain maintained a robust growth rate of 0.6%, becoming the engine of growth in the region. ⑷ The economies of Germany and Italy both stagnated, creating a clear divergence among core countries. ⑸ Data eased the pressure on the European Central Bank to cut interest rates recently, confirming its assessment of the economy's resilience to uncertainty. ⑹ Despite the continued risks posed by trade tensions, economists remain optimistic about the outlook. ⑺ Multiple factors, including the transmission of historical interest rate cut effects, ample household savings, and bottoming out of inventories, support future recovery. ⑻ Purchasing managers' surveys show a recovery in business activity, with improved German confidence and reduced tariff uncertainty boosting sentiment. (9) Economists predict that due to the rigidity of the economic structure, the long-term growth rate will remain in the range of 1.2%-1.5%.

18:01:40

Why did gold short sellers retreat so quickly after the Fed's hawkish rate cut? Details>

18:01:19

[The Fed's Balance Sheet Reaches a Turning Point; Net Buying May Return Next Year] ⑴ The Federal Reserve announced it will end its balance sheet reduction process on December 1st, ushering in a new phase of policy. ⑵ Julius Baer's head of fixed income points out this is only the first step; central banks may become net buyers again next year. ⑶ This development means the Fed may begin net purchases of government debt next year to maintain ample reserve levels. ⑷ The policy objective is not to directly stimulate the economy, but rather to ensure liquidity in the financial system based on an operational framework. ⑸ The current rapid decline in yields offers limited capital gains; short-term yield expectations should be approached with caution. ⑹ The steepness of the yield curve still provides support; a moderate overweighting of duration to capture opportunities in declining interest rates is recommended.

18:01:07

[US Sanctions Trigger Chain Reaction: Russian Naphtha Cargo Ship Stranded Off Indian Waters] ⑴ A cargo ship carrying Russian naphtha has been stranded off the coast of Mundra Port in India since October 26, unable to unload its cargo. ⑵ The ship is carrying 40,000 tons of naphtha. US sanctions against two key suppliers have disrupted India's energy import system. ⑶ Indian refiners are preparing to significantly reduce their imports of Russian oil, after their exports to the US were subject to a 50% tariff. ⑷ India is the second-largest buyer of Russian naphtha, importing approximately 170,000 tons in September, mainly for chemical feedstock. ⑸ Apart from the stranded cargo ship, all Russian naphtha cargoes were delivered in September, indicating a disruption in the supply chain. ⑹ The cargo was loaded from the Russian port of Ust-Luga; the identities of the buyer and seller are unclear. ⑺ HPCL-Mittal Energy, the operator of Mundra Port, has announced a halt to the purchase of Russian crude oil. ⑻ Sources at the company have explicitly stated that they will no longer trade with any sanctioned entities and that current inventories are sufficient. (9) In October, the loading volume of naphtha from Russian ports to India reached 185,000 tons, most of which are still en route.

18:00:40

Italy's monthly unemployment rate in September

Previous : 6% Forecast : 6%

Published Value 6.10%

18:00:20

The seasonally adjusted producer inflation expectations index for the Eurozone in October

Previous : 6.90 Forecast : -

Published Value 7.50

18:00:19

Eurozone's service sector sentiment index for October

Previous : 3.60 Forecast : 3.80

欧元

美元

Published Value 4

18:00:19

The seasonally adjusted consumer inflation expectations index for the Eurozone in October

Previous : 24 Forecast : -

Published Value 21.90

18:00:18

The final reading of the Eurozone's consumer confidence index for October

Previous : -14.20 Forecast : -14.20

Neutral

Published Value -14.20

18:00:18

Eurozone Economic Sentiment Index for October

Previous : 95.50 Forecast : 96

欧元

美元

Published Value 96.80

18:00:17

Eurozone Industrial Sentiment Index for October

Previous : -10.30 Forecast : -10

欧元

美元

Published Value -8.20

18:00:05

Unemployment rate in the Eurozone in September

Previous : 6.30% Forecast : 6.30%

Neutral

Published Value 6.30%

18:00:04

The preliminary seasonally adjusted annual GDP growth rate for the eurozone in the third quarter

Previous : 1.50% Forecast : 1.20%

欧元金银

美元

Published Value 1.30%

18:00:03

Preliminary estimate of the seasonally adjusted GDP growth rate for the Eurozone in the third quarter

Previous : 0.10% Forecast : 0.10%

欧元金银

美元

Published Value 0.20%

17:59:33

Greece's unemployment rate in September

Previous : 8.10% Forecast : -

Published Value 8.20%

17:59:24

Greece's PPI year-on-year rate in September

Previous : -1.70% Forecast : -

Published Value -1.10%

17:59:05

Japanese Prime Minister Sanae Takaichi: Seeking communication with South Korea through shuttle diplomacy

17:58:52

Japanese Prime Minister Sanae Takaichi: Given the current strategic environment, the importance of Japan-South Korea cooperation is becoming increasingly prominent.

17:58:40

South Korean President Lee Myung-bak: Seeking to build a future-oriented relationship with Japan

17:58:00

Breaking through 153.50 again! Fed's hawkish rate cut versus BOJ's inaction – is the US-Japan carry trade reviving? Details>

17:57:54

[Australian Dollar Bulls in Trouble: Technical Analysis Suggests Correction Risk] ⑴ The Australian dollar lost upward momentum against the US dollar after Powell's hawkish remarks, failing to maintain its previous gains. ⑵ The Federal Reserve Chairman clearly stated that a December rate cut is not a given, reversing market expectations of further easing. ⑶ The exchange rate has fallen below the 0.6582 level before the Australian CPI release, resulting in recent bullish positions being trapped. ⑷ Technical patterns suggest a possible further correction to the 200-hour moving average support zone in the 0.6531/50 area. ⑸ Key support lies at the psychological level of 0.6500, while resistance is concentrated in the 0.6600/20 area.

17:57:45

[Latest Developments by Trump] ⑴ Plans to meet with Hungarian Prime Minister Viktor Orbán on November 8th to continue strategic communication with leaders of Central and Eastern Europe. ⑵ Claims victory in the climate policy debate, citing Bill Gates' apology to reinforce his position. ⑶ Releases friendly signals towards China, emphasizing the importance of Sino-US relations and expressing anticipation for a visit to China next year. ⑷ Announces the immediate resumption of nuclear weapons testing, responding to Russia's testing of new strategic weapons. ⑸ Approves South Korea's construction of nuclear-powered submarines in the US, linking military cooperation with trade agreements. ⑹ Meets with the Canadian Prime Minister, but subsequent social media posts reveal a lukewarm attitude. ⑺ Facing pressure from Congress to remove tariffs on Canada, the Senate passed a resolution by a vote of 50-46. ⑻ Pays over $25 million in overdue dues to the WTO, quietly adjusting its international organization cooperation strategy. ⑼ Advisory team considers holding a midterm political rally in Las Vegas, attempting to maintain a majority in Congress. ⑽ Continuous developments indicate he is advancing his policy agenda on multiple fronts through military deployments, diplomatic liaison, and trade adjustments.

17:54:47

[Another Interception Over the Baltic Sea Fuels Geopolitical Risks and Safe-Haven Sentiment] ⑴ The Polish Defense Minister stated that MiG-29 fighter jets were scrambled again on Thursday to intercept a reconnaissance aircraft over the Baltic Sea. ⑵ This is the second consecutive day of such an interception. ⑶ The Minister did not disclose specific details of the operation. ⑷ The ongoing military standoff exacerbates geopolitical uncertainty in Eastern Europe, potentially driving up demand for safe-haven assets. ⑸ Historical experience shows that such events often trigger capital flows into traditional safe-haven assets such as gold and the Swiss franc. ⑹ Further escalation could amplify global market concerns about energy supply security. ⑺ Potential friction in the Baltic region will prompt investors to reassess geopolitical risk premiums.

17:52:23

[Bank of Japan Signals Strongest Rate Hike Yet Market Responds with Yen Plunge] ⑴ The Bank of Japan (BOJ) kept its policy rate unchanged at 0.5% as expected, but Kazuo Ueda clearly signaled a strong possibility of a December rate hike. ⑵ Board members Hajime Takada and Naoki Tamura again proposed a rate hike to 0.75%, continuing the policy divergence from September. ⑶ Ueda emphasized that "initial wage growth momentum" is key to determining the timing of a rate hike, stating there is no need to wait for the final outcome of the spring elections. ⑷ The BOJ hopes to obtain "more data" to confirm whether companies can maintain wage increases under pressure from Trump's tariffs. ⑸ Despite the hawkish signal, the yen fell to a new low since February at 153.56, and hit a record low of 178.39 against the euro. ⑹ Market reaction indicates investors expect a more aggressive stance, especially given the US Treasury Secretary's urging for a faster pace of rate hikes. ⑺ Analysts pointed out that the market may be more focused on Ueda's denial that the BOJ is lagging behind the inflation curve, diminishing the sense of urgency. (8) The Japanese economy has so far withstood the impact of high US tariffs, with corporate profits and capital expenditure plans remaining resilient. (9) Inflation has exceeded the 2% target for three consecutive years, with food prices continuing to push up the overall price level. (10) The political environment poses new challenges; the new prime minister is known for advocating loose monetary policy, but most economists still predict that interest rates will be raised to 0.75% by the end of March next year. (11) Ueda emphasized that political factors will not prevent necessary interest rate hikes, and the budget preparation period will not be a policy obstacle. (12) Critics argue that the central bank's slow pace of interest rate hikes exacerbates the weakness of the yen, thereby pushing up import costs and inflationary pressures.

17:51:30

[UK Gas Prices Weighed on by Weather Factors, European Energy Landscape Undercurrents] ⑴ UK wholesale gas prices fell 5% to 74.50 pence/tham on Thursday, pressured by expectations of warmer weather and stronger winds. ⑵ UK electricity demand is expected to decline by 3.6 gigawatts to 24.8 gigawatts on Friday, with average temperatures rising 4 degrees Celsius to 13.2 degrees Celsius. ⑶ Wind power supply is expected to increase by 5.6 gigawatts to 14.7 gigawatts, with clean energy replacing traditional gas. ⑷ Analysts predict seasonally mild weather for the next two weeks, with wind conditions gradually calming down from next week. ⑸ The Dutch TTF benchmark contract dipped slightly by €0.1 to €31.65/MWh, with the market exhibiting narrow fluctuations. ⑹ European gas storage facilities have shifted from net injection to net extraction, officially initiating the winter consumption cycle. ⑺ The European carbon market benchmark contract rose by €0.38 to €79.17/tonne, as environmental costs continue to climb. (8) US sanctions on Russian oil have sparked discussions in Germany about nationalizing Rosneft's operations, which involve key refining assets.

17:50:35

Spot platinum has just broken through the $1610.00/oz mark, currently trading at $1609.35/oz, up 0.90% on the day; Nymex platinum futures are currently trading at $1608.6/oz, up 0.49% on the day.

17:49:09

[Société Générale's Better-than-Expected Earnings Face Market Resentment, Capital Returns Suppress Share Price] ⑴ Société Générale's third-quarter net profit rose 11% to €1.52 billion, exceeding market expectations by over €200 million. ⑵ The cost-to-income ratio fell to 61%, significantly below the full-year target of 65%, reflecting the CEO's effective cost control. ⑶ Share price fell 3% against the market trend, mainly due to management's failure to commit to returning excess capital to shareholders, causing disappointment. ⑷ Investment banking performance was mixed, with fixed income trading revenue growing 12% but the traditional strength in equities declining by 6.7%. ⑸ Net interest income growth in French retail banking and a 74% surge in mortgage lending were highlights. ⑹ Despite the share price doubling this year, Jefferies analysts bluntly stated that the bank should repurchase shares at a 20% discount. ⑺ The core tier 1 capital adequacy ratio reached 13.7%, with excess capital reserves providing room for future returns. ⑻ Competitor Crédit Agricole's performance was weak, with net profit actually declining after excluding the revaluation gains from its Italian holdings. (9) Digital bank BoursoBank surpassed the 8 million customer threshold ahead of schedule, becoming a key pillar in its strategic transformation. (10) The ongoing political crisis in France, with S&P and Fitch downgrading sovereign ratings, could push up bank funding costs. (11) The CEO acknowledged that there is still room for improvement in operational efficiency, emphasizing that they are continuing to move in the right direction.

17:48:56

[The AI Revolution Behind Nvidia's $5 Trillion Market Cap: Structural Prosperity or the Eve of a Bubble?] ⑴ Nvidia's market capitalization surpassed the $5 trillion milestone, with multiple institutions believing its valuation remains reasonable. ⑵ B. Riley points out that despite the unprecedented market capitalization, the company's comprehensive and better-than-expected development supports its current valuation. ⑶ Swissquote emphasizes its independent profitability, free from government support, and the potential for new collaborations has not yet been fully realized. ⑷ Hargreaves Lansdown believes the market continues to underestimate the scale of development opportunities, making it the best target in the AI theme. ⑸ Bokeh Capital Partners points out that demand for data center construction remains strong, solidifying Nvidia's position as a core beneficiary. ⑹ TradeStation analysis suggests the market capitalization leap stems from years of technological accumulation and strategic foresight regarding dedicated processors. ⑺ AJ Bell observes that the market capitalization has doubled since the April lows, with discussions on tariff exemptions and expectations of trade easing boosting market sentiment. ⑻ Pepperstone points out that tech giants' capital expenditure plans are a key indicator, and next quarter's spending data will determine the trend. (9) Capital.com emphasizes that this round of growth has structural characteristics, with the AI-driven capital expenditure boom providing performance support. (10) Nine institutions, including Citigroup and Goldman Sachs, collectively raised their target prices, with HSBC significantly increasing its target price to $320. (11) Institutional consensus shows that the current AI boom has a substantial business foundation and is fundamentally different from mere speculative hype. (12) Market sensitivity to tariff policies continues to rise; improvements in the trade environment will further open up upside potential.

17:47:49

[German Economy Struggles Under the Shadow of Tariffs, Infrastructure Investment Offers a Glimmer of Hope for Recovery] ⑴ Germany's economy experienced zero growth in the third quarter, primarily dragged down by weak exports to the US triggered by Trump's tariff rhetoric. ⑵ Quarterly data met expectations but showed a slight improvement from the 0.2% decline in the second quarter, indicating the economy is adapting to the high-tariff environment. ⑶ Business confidence surveys showed signs of recovery, with data from the Ifo Institute showing a significant increase in business expectations for the future. ⑷ Analysts predict a possible return to growth in the fourth quarter, with fiscal stimulus in 2026 expected to further boost the economic recovery. ⑸ Germany, heavily reliant on exports and manufacturing, has been particularly vulnerable to the impact of tariffs. ⑹ The government has launched a large-scale spending plan in defense and infrastructure, with investment in machinery and equipment showing positive growth in the third quarter. ⑺ Shares of defense companies such as Rheinmetall surged, and the transformation of automobile factories into weapons production lines has become a new trend. ⑻ The core growth driver is approximately €500 billion in investment in railway modernization and green energy transition. ⑼ On the same day, the French economy grew beyond expectations, with export-driven growth successfully offsetting the uncertainty brought about by the political deadlock.

17:46:05

[Multiple Factors Push Eurozone Bond Markets to Two-Week Highs] ⑴ Eurozone bond yields climbed to a two-week high on Thursday as Federal Reserve Chairman Powell's weakening of expectations for a December rate cut triggered a market reassessment. ⑵ Germany's third-quarter GDP growth of zero quarter-on-quarter exacerbated market concerns, with the largest economy in Europe experiencing a weak recovery amid declining exports. ⑶ New developments emerged in Trump's tariff rhetoric, with the US and China reaching a package agreement including tariff reductions. ⑷ The Federal Reserve cut interest rates by 25 basis points to the 3.75%-4.00% range as expected, but policy disagreements surprised the market. ⑸ The Kansas City Fed president opposed a rate cut, while Fed governors advocated for a 50 basis point cut, highlighting significant internal divisions. ⑹ The European Central Bank is expected to keep interest rates unchanged for the third consecutive time, contrasting with the Fed's policy path. ⑺ The yield on German 10-year government bonds rose 2.7 basis points to 2.64%, the highest level since October 13. (8) The yield on Italian 10-year government bonds climbed 3.6 basis points to 3.42%, with risk spreads continuing to widen. (9) The yield on interest rate-sensitive German 2-year government bonds rose 2.1 basis points to 2.0%, hitting a three-week high.

17:44:47

[Trade "Ceasefire" Exceeds Expectations, Risk Assets Rally: Key Movements in Crude Oil and the US Dollar Index] ⑴ The US-China trade meeting concluded on Wednesday with a preliminary framework agreement, immediately easing market concerns about geopolitical risks and global liquidity. ⑵ Regarding the details of the agreement, the US agreed to reduce fentanyl-related tariffs from 20% to 10%; in reciprocity, China pledged to "explore cooperation" in energy trade. ⑶ Market reaction was optimistic, indicating a significant cooling of risk aversion: the US dollar index fell to 98.95, and safe-haven gold also fell and stabilized. ⑷ Concerns about crude oil supply eased, with WTI crude oil slightly rising to $58.50/barrel. Although geopolitical events such as the attack on Ukrainian oil depots and India's suspension of Russian oil purchases persist, the "energy stability" framework proposed at the meeting and China's commitment to alternative pathways offset short-term supply shocks. In the long term, the global oil price center may therefore shift down by $2-3/barrel. (5) The Fed's signals regarding ending quantitative tightening (QT) by the end of the year, echoing the "liquidity cooperation" mentioned at the meeting, have strengthened market expectations for an easing cycle. Traders have already begun pricing in two additional rate cuts in 2025; as a result, the 10-year Treasury yield has fallen to 4.01%, and the yield curve is flattening. (6) Structural competition remains, but risk assets have benefited significantly in the short term, with the S&P 500 index reaching a new high of 6,909 points. (7) If both sides follow up with an agreement in November, volatility in the oil and bond markets may decrease by 20%; otherwise, the risk of a resurgence of geopolitical events should be watched closely. (8) In the long term, the extension of the Fed's easing cycle may provide strong support for gold, with price support at 3,900. (9) Institutions believe the meeting's outcome is seen as a "truce" rather than a "peace treaty," but its amplifying effect on the resilience of the global supply chain has turned regional geopolitical shocks into positive catalysts for the market. (10) We suggest paying attention to next week's US Treasury auction and Chinese customs data to assess further market developments.

17:39:23

Spot platinum has just broken through the $1620.00/oz mark, last trading at $1620.05/oz, up 1.57% on the day; Nymex platinum futures main contract was last trading at $1616.9/oz, up 1.01% on the day.

17:35:36

[Breakthrough in Louvre Heist: Five New Suspects Arrested] ⑴ French police have arrested five new suspects in connection with the Louvre heist, indicating the criminal network is larger than initially thought. ⑵ Prosecutors have confirmed that one of the arrested individuals was directly involved in the theft, and DNA evidence has established a criminal link. ⑶ The remaining arrestees may provide crucial information regarding the specific details of the crime. ⑷ To date, three of the four direct perpetrators have been detained, including a 34-year-old Algerian arrested at Charles de Gaulle Airport. ⑸ The criminals used a truck-mounted lift to breach upper-level exhibition halls and used an angle grinder to damage balcony windows and jewelry display cases. ⑹ Police are making every effort to recover French royal and Napoleonic-era jewelry valued at $102 million. ⑺ Prosecutors emphasize that the jewelry is difficult to sell due to its globally known status as stolen goods, but it may be disassembled and reconstructed to conceal its origin. ⑻ Nighttime raids have not yet recovered the stolen artworks; the recovery efforts are ongoing.

17:33:31

[Pound Sterling in Crisis: Year-to-Date Low Hangs by a Hair's Brace, Downward Channel May Be Opening] ⑴ The pound fell to a year-to-date low of 1.3140 after the Fed's decision, despite the expected rate cut, although Powell denied certainty about a December rate cut. ⑵ Policy uncertainty fueled dollar buying, with the market pricing in a December rate cut probability down to 74%. ⑶ Although the exchange rate rebounded to around 1.3200, the overall risk remains skewed to the downside. ⑷ Technical analysis suggests the exchange rate may effectively break below the year-to-date low, opening up room for a test of the 1.3000 level. ⑸ Expectations of a Bank of England rate cut continue to loom over the market, prompting short sellers to position themselves in advance. ⑹ The 200-day moving average at 1.3245 forms a key resistance level; a break above this level is unlikely to change the weak trend.

17:31:56

[Zambia's Inflation Rate Slows for Sixth Consecutive Month] ⑴ Zambia's annual inflation rate fell to 11.9% in October 2025, down from 12.3% previously, marking the sixth consecutive month of slowdown. ⑵ This is the lowest level since August 2023, mainly due to the continued strengthening of the Kwacha exchange rate. ⑶ Food inflation slowed to 14.1% in October, while non-food price inflation fell to 8.7%. ⑷ Seasonally adjusted, consumer prices rose 0.4% month-on-month in October.

17:31:40

[Euro Holds Steady Awaiting ECB Policy Decision] ⑴ The euro edged up to $1.162 as investors continued to digest economic data and central bank policy moves. ⑵ GDP data showed that the German and Italian economies stagnated in the third quarter. ⑶ The French and Dutch economies expanded at a faster pace. ⑷ On the inflation front, regional consumer price index data in Germany showed a slight easing of price pressures. ⑸ However, inflation accelerated in North Rhine-Westphalia, Germany's most populous state. ⑹ The Spanish consumer price index unexpectedly rebounded. ⑺ In terms of monetary policy, the ECB is expected to keep interest rates unchanged later today. ⑻ The Federal Reserve previously cut interest rates for the second consecutive time, but Chairman Powell stated that further rate cuts this year are not certain.

17:31:15

[Italy's Economy Unexpectedly Stagnates in Q3] ⑴ Preliminary data shows that Italy's GDP remained flat in the three months ending in September compared to the previous quarter, maintaining the 0.1% contraction seen in the second quarter. ⑵ This performance fell short of market expectations of a 0.1% rebound, with industrial output contracting. ⑶ The service sector stagnated, highlighting the impact of trade uncertainty with the United States. ⑷ Slight growth in agriculture, forestry, and fisheries was offset by weakness in other sectors. ⑸ Based on the latest data, Italy's full-year economic growth is projected to remain at 0.5%, consistent with the growth pace expected in 2024. ⑹ However, this is slightly lower than the latest forecast from the Bank of Italy, which projects a 0.4% annualized GDP growth in the third quarter.

17:30:41

[Germany's Unemployment Rate Remains High at 6.3% in October] ⑴ Germany's seasonally adjusted unemployment rate remained unchanged at 6.3% in October 2025, the highest level since the end of 2020. ⑵ This reflects continued weakness in the labor market, as the country faces two years of economic contraction. ⑶ US tariffs put pressure on exports and the industrial sector, with the number of unemployed decreasing slightly by 1,000 to 2.97 million. ⑷ This figure was better than the market expectation of an increase of 8,000, and the unadjusted unemployment rate fell for the second consecutive month to 2.91 million. ⑸ The number of unemployed exceeded 3 million for the first time in ten years in August.

17:30:24

[Germany's Economy Stagnates in Q3] ⑴ Preliminary data shows that Germany's economy stagnated in the third quarter of 2025, with the previous figure revised upward to a contraction of 0.2%. ⑵ This data is in line with market expectations, with growth in gross fixed capital formation in machinery and equipment providing some support. ⑶ However, a decline in exports offset the positive impact, resulting in an annualized GDP growth of 0.3%. ⑷ This growth rate is the same as the upwardly revised second-quarter data, also in line with market expectations.

17:30:07

[Iceland's October Inflation Rate Rises to Nine-Month High] ⑴ Iceland's annual inflation rate rose slightly to 4.3% in October 2025 from 4.1% in September, the highest level since January. ⑵ Housing and utility prices accelerated to 7.1%, while alcoholic beverages and tobacco prices rose 5.8%. ⑶ Healthcare prices rose 3%, and entertainment and cultural prices rose 3.4%. ⑷ Clothing, footwear, and household goods prices rebounded to increases of 0.2% and 1.3% respectively. ⑸ Food and non-alcoholic beverage prices slowed to 5.8%, while transportation and communication prices both rose 0.8%. ⑹ Hotel, cafe, and restaurant prices fell to 4.7%, and miscellaneous goods and services prices slightly decreased to 4.2%. ⑺ Education prices remained unchanged at 2.4%. ⑻ Seasonally adjusted, consumer prices rose 0.5% month-on-month in October, a four-month high.

17:29:53

[Slovakian Industrial Confidence Falls to Over Two-Year Low in October] ⑴ Slovakia's industrial confidence index for October 2025 fell 6.6 points to -10.3, the lowest level since July 2023. ⑵ The expected production index plummeted to -10, down from 12 previously, with the automotive, trailer, semi-trailer, and other transport equipment manufacturing industries experiencing particularly significant declines. ⑶ The timber, paper, printing, and reproduction industries also performed weakly, with current order levels continuing to fall to -22. ⑷ The machinery and equipment and basic metals and metal products manufacturing industries saw the most significant decline in orders. ⑸ Selling price expectations weakened further to 7, and the employment outlook also deteriorated to -3.

17:29:34

South Africa's PPI year-on-year rate in September

Previous : 2.10% Forecast : 2.60%

Published Value 2.30%

17:29:33

South Africa's PPI monthly rate for September

Previous : 0.30% Forecast : 0.20%

Published Value -0.10%

17:29:33

[Switzerland's KOF Economic Barometer Hits Seven-Month High] ⑴ Switzerland's KOF Economic Barometer for October 2025 rose 3.3 points to 101.3, the highest level since March. ⑵ This figure far exceeded market expectations of 98.3, indicating an improved economic outlook. ⑶ Most sub-indices point to positive development, with manufacturing, financial and insurance services, and other service industries performing particularly well. ⑷ Private consumption indicators declined slightly, but business activity sub-indices in the production sector generally conveyed optimistic signals. ⑸ The outlook for intermediate goods and finished goods inventories improved significantly, but the competition sub-indicator weakened. ⑹ Performance within the manufacturing sector was mixed, with the electrical, metals, and wood/glass/stone/earth products sectors showing positive momentum. ⑺ The outlook for the paper and printing, chemical and pharmaceutical, and food and beverage industries was relatively weak.

17:26:32

Spot gold has just broken through the $4,000.00/ounce mark, last trading at $3,999.92/ounce, up 1.78% on the day; COMEX gold futures are last trading at $4,013.00/ounce, up 0.31% on the day.

17:21:06

The monthly rate of CPI in Saxony, Germany in October

Previous : 0.20% Forecast : -

Published Value 0.30%

17:21:05

The annual rate of CPI in Saxony, Germany in October

Previous : 2.20% Forecast : -

Published Value 2.10%

17:20:38

[BBVA's Strategic Shift: Abandoning Acquisitions to Focus on Organic Growth] ⑴ The CEO of BBVA expects core market revenue and profits to continue growing in the coming quarters. ⑵ The bank's CFO expects risk costs for its Mexican operations to remain below 340 basis points by 2025. ⑶ The CEO explicitly stated that the acquisition plan for Banco Sabadell has been terminated, acknowledging it as a "missed opportunity." ⑷ Following the failure of the acquisition plan, the bank will focus "purely" on an organic growth strategy to achieve business expansion.

17:19:16

[UK Budget Approaching, Tax Hikes Loom Large] ⑴ The Chancellor plans to maintain fiscal targets by increasing taxes by approximately £30 billion annually to prevent a collapse in bond market confidence. ⑵ Despite a commitment not to raise income tax rates, the Prime Minister's recent statements have shown signs of wavering, with a possible 1 percentage point increase in taxes for all workers to generate £8 billion in revenue. ⑶ Extending the income tax threshold freeze to 2030 could generate another £8 billion in revenue; VAT reform may eliminate tax exemptions for food and children's clothing, but this will likely push up inflation. ⑷ A wealth tax is explicitly excluded, but capital gains tax will be increased, emphasizing the principle that "those with broader shoulders should bear a heavier tax burden." ⑸ Property tax reform proposes increasing taxes on luxury homes and reducing stamp duty on transactions to address the constraints of a rigid tax system on economic liquidity. ⑹ The pension system may require employers to contribute a portion of social security contributions, or reduce the 25% tax-free withdrawal limit, raising concerns in the insurance industry. (7) A proposed reduction in the tax-free allowance for cash savings accounts to encourage investment in the stock market, and an increase in the tax burden on partnerships of law firms and accounting firms. (8) A study is underway to tax interest on banks' reserves held at the central bank; the banking sector warns this move will curb credit and drag down economic growth. (9) "Sin taxes" on tobacco, alcohol, sugar, gambling, aviation, and plastics are among the options, but could trigger changes in consumer behavior and inflationary pressures. (10) Ending the fuel tax freeze that has been in place since 2011 could generate £25 billion in annual tax revenue, but faces political risks of driver protests.

17:17:44

[Yen Collapses Across the Board, Euro Hits Record High Against Yen] ⑴ The yen weakened significantly after the Bank of Japan kept its interest rate policy unchanged. ⑵ The dollar rose from 152.16 to 153.89 against the yen on Thursday, a substantial intraday gain. ⑶ Technical analysis suggests the dollar/yen pair may further test the previous high of 154.80 reached on February 12. ⑷ The euro surged to a record high of 178.70 against the yen. ⑸ Although Governor Kazuo Ueda hinted at possible future interest rate hikes and emphasized the key role of wage growth momentum, the market reacted negatively. ⑹ The yen's decline was mainly due to the central bank's denial of lagging behind the inflation risk curve, which weakened expectations of tightening.

17:16:00

Spot gold has just broken through the $4,010.00/ounce mark, and is currently trading at $4,010.14/ounce, up 2.04% on the day; COMEX gold futures are currently trading at $4,022.50/ounce, up 0.54% on the day.

17:15:50

Spot gold rose 2.01% on the day, reaching $4,008.99 per ounce; COMEX gold futures were last quoted at $4,021.70 per ounce, up 0.52% on the day.

17:15:42

The monthly CPI rate of Baden-Wurttemberg in Germany for October (BW)

Previous : 0.20% Forecast : -

Published Value 0.30%

17:15:41

The annual rate of CPI in Baden-Wurttemberg, Germany in October (BW)

Previous : 2.70% Forecast : -

Published Value 2.30%

17:13:27

[Italy's Economy Narrowly Avoids Recession, Growth Stagnates in Q3] ⑴ Preliminary data shows that Italy's economy grew by zero quarter-on-quarter in the third quarter, weaker than market expectations. ⑵ After a slight contraction of 0.1% in the second quarter, the country narrowly avoided a technical recession. ⑶ The Eurozone's third-largest economy grew by 0.4% year-on-year in the third quarter, lower than the market expectation of 0.6%. ⑷ The second-quarter year-on-year growth rate was revised upward from the initial 0.4% to 0.5%, but the quarter-on-quarter growth remained negative. ⑸ The statistics department confirmed the original data of 0.3% quarter-on-quarter growth and 0.7% year-on-year growth in the first quarter.

17:10:39

Spot gold has just broken through the $4,000.00/ounce mark, last trading at $4,000.03/ounce, up 1.78% on the day; COMEX gold futures are last trading at $4,012.30/ounce, up 0.29% on the day.

17:04:39

The annual rate of CPI in North Rhine-Westphalia, Germany in October

Previous : 2.30% Forecast : -

Published Value 2.30%

17:04:38

The monthly CPI rate of North Rhine-Westphalia in Germany in October (NW)

Previous : 0.20% Forecast : -

Published Value 0.40%

17:04:19

Spot gold has just broken through the $3,990.00/ounce mark, and is currently trading at $3,990.02/ounce, up 1.52% on the day; COMEX gold futures are currently trading at $4,002.70/ounce, up 0.05% on the day.

17:04:16

[Cautious Game Amidst the Bank of Japan's Policy Stall] ⑴ The Bank of Japan (BOJ) again kept interest rates unchanged, compressing the window for policy tightening to its final meeting in December. ⑵ The BOJ maintained its overnight call rate target at 0.5%, continuing the policy pause since the January rate hike. ⑶ Governor Kazuo Ueda emphasized the need to observe the developments in next year's spring wage negotiations and overseas economic risks, including the uncertainty brought about by Trump's tariff rhetoric. ⑷ The BOJ kept its economic forecasts largely unchanged, suggesting policymakers are in no hurry to raise rates again. ⑸ Policy Board members Hajime Takada and Naoki Tamura again proposed raising rates to 0.75%, but this was not endorsed by other members. ⑹ The latest forecasts show that core inflation will reach 2.7% in the fiscal year ending March 2026, followed by 1.8% and 2.0% in the following two years. ⑺ Reflecting the cautious policy stance, the yen fell to around 153.80 against the dollar. ⑻ The new government's advocacy of fiscal expansion and loose monetary policy further raised the political threshold for a BOJ rate hike. (9) The central bank simultaneously raised its economic growth forecast for the current fiscal year to 0.7%, and projected growth rates of 0.7% and 1.0% for the next two years, respectively. (10) Analysts believe that although domestic conditions support an interest rate hike, the central bank will continue to weigh the pros and cons rather than anticipate the timing of the action.

17:03:13

The monthly CPI rate of North Rhine-Westphalia in Germany in October (NW)

Previous : 0.20% Forecast : -

Published Value 0.40%

17:03:08

The annual rate of CPI in North Rhine-Westphalia, Germany in October

Previous : 2.30% Forecast : -

Published Value 2.30%

17:03:02

The port authority website showed on Thursday that the liquefied natural gas (LNG) carrier Id'asah is scheduled to unload its cargo at the Zeebrugge terminal in Belgium on November 18. The ship originated from Uspurke.

17:02:18

Spot platinum has just broken through the $1610.00/oz mark, last trading at $1610.15/oz, up 0.95% on the day; Nymex platinum futures are last trading at $1608.0/oz, up 0.45% on the day.

17:01:19

LME Daily inventory changes in the UK on October 30th - Copper

Previous : 775 Forecast : -

Published Value -400

17:01:13

LME Daily inventory changes in the UK on October 30th - Primary aluminum

Previous : -2900 Forecast : -

Published Value -3225

17:01:05

LME Daily inventory changes in the UK on October 30th - Cobalt

Previous : 0 Forecast : -

Published Value 0

17:01:01

LME Daily Inventory changes in the UK on October 30th - Tin

Previous : 130 Forecast : -

Published Value -40

17:00:59

Spot silver has just broken through the $48.00/ounce mark, last trading at $48.01/ounce, up 1.00% on the day; COMEX silver futures are last trading at $47.94/ounce, up 0.05% on the day.

17:00:58

Spot silver rose 1.00% to $48.01 per ounce on the day; COMEX silver futures were last quoted at $47.94 per ounce, up 0.05% on the day.

17:00:55

LME Daily inventory changes in the UK on October 30th - Nickel

Previous : 270 Forecast : -

Published Value -40

17:00:48

LME Daily inventory changes in the UK on October 30th - Main NASAAC aluminum alloys

Previous : 0 Forecast : -

Published Value 0

Instrument	Current Price	Change
XAU	3937.67	-63.49 (-1.59%)
XAG	47.074	-0.985 (-2.05%)
CONC	60.35	-0.70 (-1.15%)
OILC	64.19	-0.62 (-0.96%)
USD	100.160	0.296 (0.30%)
EURUSD	1.1477	-0.0041 (-0.36%)
GBPUSD	1.3042	-0.0097 (-0.74%)
USDCNH	7.1320	0.0076 (0.11%)

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