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2026-11-02 Monday

2026-11-06

14:31:45

[Google Executive: Space Data Centers Could Cost Up to 100 Times That of Ground-Based Data Centers, and Their Implementation Is Not Imminent] (1) Peterson Corio, Google’s head of data center energy, said this week that the cost of space data centers could be up to 100 times that of ground-based data centers. Google itself is testing AI server chips in orbit, and this statement has poured cold water on the hot concept of space computing power. (2) She also mentioned that the growing opposition to ground-based data centers in the United States is largely due to a number of new companies with limited experience. These companies should be subject to higher regulatory standards. Before this wave of AI computing power, companies that have been deeply involved in data center construction for many years “have relatively standardized practices” and their projects rarely cause controversy. (3) Peterson Corio said that the launch cost of sending computing hardware into orbit is “extremely high, up to 100 times that of ground-based construction”. In addition to the cost, operators also need to solve the problem of maintaining and upgrading equipment in orbit, while on the ground, data center staff can replace servers and rewire and debug systems at any time. (4) She did not completely deny the idea of space computing power, saying that the direction was "very interesting"; Google continues to invest in such high-risk cutting-edge projects because companies are used to "thinking about things 10, 20, or 30 years in advance". But the implementation of this technology is "by no means imminent".

14:15:41

[RBA Expected to Raise Rates to 18-Year High This Week, Inflationary Pressures Outweigh Employment Concerns] 1. The market widely expects the Reserve Bank of Australia (RBA) to raise its policy rate to 4.85% on Tuesday, a 18-year high. Stubborn inflationary pressures have offset the impact of rising unemployment, becoming the main factor driving the rate hike. 2. The RBA's preferred core inflation gauge—the trimmed average of the third-quarter CPI—rose 1.0% quarter-on-quarter, significantly higher than the 0.6% previously considered ideal by RBA Governor Bullock. Bullock subsequently stated that inflation is too high, and domestic demand pressures remain one of the factors pushing up inflation. 3. Employment will be a key focus of discussion on the Monetary Policy Committee. The August unemployment rate was revised upward to 4.7%, a five-year high, and remained at that level in September. Rising unemployment may limit the RBA's room for further rate hikes in the future, but Bullock's previous comments indicate that we are not yet at that stage. 4. The minutes of the last meeting showed that the committee remains concerned about the upside risks to inflation, and officials continue to send the core signal: prepared to tighten monetary policy if necessary. 90% of economists surveyed expect a 25 basis point rate hike on Tuesday, with market focus on the policy statement and subsequent press conference. The Australian dollar has found good support against the US dollar recently, but 0.7140 and 0.7280 constitute key resistance levels. To break through these levels, the Reserve Bank of Australia (RBA) needs to significantly strengthen its hawkish stance; if the rhetoric becomes more dovish, the Australian dollar may face downward pressure, potentially falling towards 0.6865 against the US dollar.

14:00:00

Russia's October SPGI Manufacturing PMI

Previous : 49.80 Forecast : -

Published Value 49.90

Previous

13:42:54

Australia's October RBA Commodity Price Index - In Australian Dollars

Previous : 106.60 Forecast : -

Published Value 112

Previous

13:34:54

Australia's October RBA Commodity Price Index - Australian Dollar-Denominated Year-on-Year Rate

Previous : 6.60 Forecast : -

Published Value 4.60

Previous

13:34:53

Australia's October RBA Commodity Price Index - Australian Dollar Month-on-Month Rate

Previous : 1 Forecast : -

Published Value -0.30

Previous

13:34:52

Australia's October RBA Commodity Price Index - SDR Monthly Rate

Previous : 1.40 Forecast : -

Published Value -1.30

Previous

13:34:51

Australia's October RBA Commodity Price Index - SDR Annual Rate

Previous : 15.50 Forecast : -

Published Value 12.50

Previous

13:12:23

[Indonesia’s trade surplus narrowed slightly to US$3.36 billion in September as imports grew faster than exports] (1) Indonesia’s trade surplus narrowed slightly in September as imports grew faster than exports. Statistics agency said Monday that Southeast Asia’s largest economy recorded a trade surplus of US$3.36 billion, down from US$3.55 billion in August; the cumulative trade surplus from January to September was US$10.61 billion, during which surpluses were recorded with the United States, India and the Philippines. (2) RHB economist Wong Xian Yong said in a report that Indonesia’s trade surplus is expected to remain moderate until the end of 2027 as imports may grow faster than exports; exports are expected to grow at an average of about 4% in 2026, supported by shipments of processed metals and finished goods, while strong domestic investment and energy demand may keep imports high, limiting the trade surplus from expanding significantly. (3) Exports account for about 20% of Indonesia’s GDP. In September, exports increased by 11.87% year-on-year to US$27.59 billion, due to stronger shipments of non-natural gas products, particularly increased exports of vegetable and animal oils, copper and related products, and machinery and equipment; imports increased by 18.41% year-on-year to US$24.23 billion, due to increased imports of non-natural gas products. (4) From January to September, Indonesia's exports increased by 5.58% to US$221.23 billion, and imports increased by 19.67% to US$210.63 billion.

13:07:45

[Goldman Sachs Adjusts Bank of England Interest Rate Forecast: Expects Rate Hike to 4.25% in February 2027] (1) Goldman Sachs expects the Bank of England to raise interest rates by 25 basis points in February 2027, bringing the final rate to 4.25%; it also expects the Bank of England to raise rates by 25 basis points next week and keep rates unchanged in December. (2) Given rising energy prices and positive economic data, Goldman Sachs now expects the Bank of England to raise interest rates by 25 basis points in February next year. The Bank of England is scheduled to hold a meeting on November 5, and the market generally expects it to raise rates by 25 basis points; money market pricing shows that the probability of this move is about 92%. This will be the first rate hike by the Bank of England since 2023. (3) Goldman Sachs expects the Bank of England to maintain its policy guidance unchanged and reiterate that policymakers are prepared to take action if necessary to bring inflation back to the target level. Goldman Sachs still predicts that interest rates will remain unchanged in December, but said on Friday evening that it now believes that a rate hike in February next year is more likely. (4) Goldman Sachs added that it expects the Bank of England to keep interest rates unchanged at 4.25% until the middle of next year, and then cut rates quarterly starting in the fourth quarter of 2027 until the rate eventually remains unchanged at 3.25%. (5) Goldman Sachs said that persistently high energy prices have made the Bank of England eager to avoid repeating the mistakes of misjudging inflation risks in the past; but unlike the last inflation shock, the Federal Reserve and the European Central Bank have taken the lead in raising interest rates.

Real-Time Popular Commodities

Instrument Current Price Change

XAU

4044.87

-43.93

(-1.07%)

XAG

51.425

-0.360

(-0.70%)

CONC

91.38

0.86

(0.95%)

OILC

99.62

0.49

(0.50%)

USD

101.770

0.177

(0.17%)

EURUSD

1.1197

-0.0022

(-0.19%)

GBPUSD

1.3426

-0.0022

(-0.17%)

USDCNH

6.6672

0.0026

(0.04%)