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2026-11-02 Monday

2026-11-06

12:03:32

Indonesia's October CPI month-on-month rate

Previous : 0.30% Forecast : 0.25%

Published Value 0.22%

Previous

11:33:39

【The three major A-share indices rose collectively in the morning session, with gaming, media and film sectors leading the gains】 (1) The three major A-share indices rose collectively in the morning session: As of midday, the Shanghai Composite Index rose 1.16%, the Shenzhen Component Index rose 2.39%, the ChiNext Index rose 3.28%, the Beizheng 50 Index rose 2.03%, and the STAR Market 50 Index rose 2.95%; the total market turnover was 1,147.4 billion yuan, an increase of 129.4 billion yuan from the previous day, with more than 4,700 stocks rising. (2) The sectors with the largest gains were gaming, cultural media, film and television, liquor and software development. The gaming sector continued to rise sharply, with Dasheng Culture, Dianhun Network and Giant Interactive hitting the daily limit, and Fuchun Shares, Bingchuan Network and Baotong Technology leading the gains; the cultural media sector opened lower and rose higher, with Haikan Shares, Longban Media, Wasu Media and Mango Excellent Media hitting the daily limit, and Chinese Online, CITIC Publishing and Guomai Culture leading the gains; the film and television sector was active, with Shanghai Film and Alpha Entertainment hitting the daily limit, and Jiesheng Shares, Baina Qiancheng and Huace Film and Television leading the gains. (3) Sectors that declined included precious metals, banking, coal mining and processing, and oil and gas extraction and services. The precious metals sector was sluggish, with Shanxi Gold International, Chifeng Gold and Zijin Mining leading the decline; the coal mining and processing sector rose and then fell back, with Shanxi Coal International, Huaibei Mining and Xinji Energy leading the decline.

11:22:52

[PBOC Conducts 541 Billion Yuan Overnight Reverse Repo Operation to Implement "Anchor Change"] The People's Bank of China (PBOC) announced on November 2nd that it conducted 541 billion yuan of overnight reverse repo operations using a fixed-rate, quantity-based bidding method, with an operation rate of 1.25%. This is the first operation conducted by the PBOC since its announcement on October 30th regarding adjustments to relevant mechanisms, signifying a shift in the maturity of the main open market operation instruments to overnight, and a "anchor change" for the central bank's main policy interest rates. The PBOC's October 30th announcement stated that, starting November 2nd, overnight reverse repo operations will be conducted daily using a fixed-rate, quantity-based bidding method. Other tools previously based on the 7-day reverse repo operation rate with adjustments to the spread, including temporary repos and repurchase instruments used by overseas central banks, have all been adjusted to be based on the overnight reverse repo operation rate with adjustments to the spread, with the spread remaining unchanged. Experts believe this signifies a further deepening of price-based regulation, a shift towards shorter-term interest rates in major policy policies, and a move towards a more unified set of policy tools. This aligns with the People's Bank of China's repeated emphasis on "de-emphasizing quantitative targets" and "reinforcing the role of price-based regulatory tools such as interest rates." (Xinhua)

11:19:58

[Draft Amendments to Tax Collection and Administration Law Expected to Improve Service Efficiency] The draft amendment to the Tax Collection and Administration Law was submitted to the 25th session of the 14th National People's Congress Standing Committee for its first review on November 2nd. The Tax Collection and Administration Law is the fundamental law regulating the relationship between tax collection and payment. The draft amendment adheres to the principle of coordinating legislation and reform, elevating effective measures and practices from recent tax collection and administration reforms to legal systems while leaving room for further deepening reforms; it adheres to a problem-oriented approach, further improving collection and administration measures, plugging loopholes, and maintaining order in tax collection and administration in response to new situations and problems currently facing tax collection and administration; and it adheres to a holistic approach, improving the efficiency of tax collection and administration while also focusing on standardizing tax enforcement behavior, optimizing taxpayer services, and strengthening the protection of taxpayers' legitimate rights and interests. The draft amendment consists of 6 chapters and 100 articles, with main revisions covering four aspects: improving tax collection and administration measures, further standardizing tax enforcement behavior, strengthening the protection of taxpayers' legitimate rights and interests, and improving legal responsibilities. (Xinhua News Agency)

10:29:09

[This Week's Outlook: Midterm Elections, Earnings Reports, and Non-Farm Payrolls Test AI-Driven US Stock Market] 1. The coming week will further test stock market investors with the US midterm elections, a flurry of corporate earnings reports, and the monthly jobs report. Previously market-leading AI deals have already encountered a series of setbacks. Disappointing quarterly results from Alphabet and Amazon triggered turmoil in the AI sector; both mega-tech companies have invested heavily in data centers. Intel's stock price plummeted nearly 29% on Friday after its earnings release. Dragged down by tech and AI-related stocks, the S&P 500 fell 1.8% on Friday, and the Nasdaq plunged 2.9%. 2. The latest earnings reports have exacerbated market concerns about the financing and returns required for AI investments. Major tech and AI companies such as Apple, AMD, and Palantir will release their earnings reports this week; the midterm election results may also determine the regulatory outlook for AI. Empower's chief investment strategist, Mara Norton, stated that the stock market seems somewhat volatile, mainly due to persistent and even escalating concerns about AI. 3. Tuesday's election will determine whether Democrats can regain control of Congress from Republicans. The Democratic Party is widely predicted to win the House of Representatives, while the Senate outcome remains highly uncertain. Investors are bracing for rising opposition to data centers; while they believe no feasible legislation poses a serious risk to AI investments, a Democratic landslide victory is expected to lead to stricter scrutiny. Analysts say a Democratic landslide would be negative for AI stocks, the technology sector, and the market as a whole. Defense and healthcare may also be sensitive to the election results; a Democratic landslide could also bring stricter regulatory scrutiny of Wall Street banks and cryptocurrency companies. 4. Strong earnings reports have supported the stock market's rise so far in 2026. According to LSEG IBES data, with more than half of the S&P 500 companies having reported their third-quarter results, overall earnings are expected to increase by 31.6% year-over-year. However, investors have reacted negatively to some earnings reports. Analysts say the threshold for meeting earnings targets is very high, and companies that fail to meet or cross the threshold will face trouble. Apple will release its earnings report on Monday, and AMD, Qualcomm, and Palantir will also release theirs; more than 100 S&P 500 companies will release their earnings reports this week, including McDonald's, Amgen, and ConocoPhillips. 5. Friday's US October jobs report will reveal the health of the economy. Data released last Thursday showed that the US economy grew at its fastest pace in a year in the third quarter, with strong consumer spending and increased corporate investment in AI; the Federal Reserve raised its economic assessment last week but kept interest rates unchanged. Analysts point out that a missing element in the strong growth narrative is insufficient job growth.

10:25:53

[National Data Administration Holds Symposium on High-Quality Dataset Construction in Industries: Understanding Data Needs for Artificial Intelligence] On the morning of October 28, the National Data Administration (NDA) convened a symposium for industry leaders on the construction of high-quality data sets. The meeting emphasized the need to understand the data needs for artificial intelligence (AI). Leading entities should base their work on their own needs, proactively explore external needs from upstream and downstream sectors of the industry chain, adhere to a demand-oriented approach, and precisely promote data set construction. They should play a leading role, exploring and establishing profit-sharing and commercial return mechanisms, creating industry data maps, promoting distributed data aggregation, and guiding the registration of industry-specific datasets to the national dataset management and service system. They should strengthen application feedback, establishing data feedback and iterative optimization mechanisms based on actual application scenarios, continuously collecting user feedback, promoting dynamic updates of datasets, and constantly improving the adaptability of data to application scenarios. Finally, they should strengthen industry chain collaboration, leveraging the "chain-gathering" role of leading entities to collaborate with upstream and downstream units in the industry chain, expand the scope of cooperation, and promote the construction of the industry ecosystem. (National Data Administration)

10:05:18

[Argentine Media Claims Intelligence Agency Assisted Flavio Bolsonaro's Escape] According to Argentine media reports on November 1st, an intelligence officer from the Argentine National Intelligence Secretariat planned and assisted Flavio Bolsonaro, the Liberal Party candidate who lost the Brazilian presidential election, to travel to Ecuador. The Argentine newspaper "Page 12" reported that day that Bolsonaro and his family entered Argentina via the Tancredo Neves International Bridge border crossing in Misiones Province on the evening of October 27th, and subsequently boarded a private plane to Guayaquil, Ecuador. The report also stated that an intelligence officer from the Argentine National Intelligence Secretariat, who previously worked at the US Embassy in Argentina, planned the operation. Several Argentine media outlets previously reported that Santiago Caputo, an advisor to the Argentine president, played a significant role in assisting Bolsonaro's escape. US Secretary of State Rubio stated on October 31st that the US government "did not directly participate" in any operation assisting Bolsonaro's departure to the US. In the second round of Brazil's presidential election, which concluded on October 25, Workers' Party candidate and incumbent President Lula da Silva defeated Flavio Bolsonaro to win re-election. Brazil's Supreme Federal Court ruled on October 26 to ban Bolsonaro from leaving the country. On October 28, Bolsonaro, along with his wife and two daughters, arrived in Florida, USA. The Argentine presidential palace has not yet issued a public response to this matter. (Xinhua)

09:45:00

China's October SPGI Manufacturing PMI

Previous : 52.10 Forecast : 51.60

Gold, silver, oil

Published Value 52

Previous

09:36:19

[Gulf countries worry that a renewed US-Israeli attack on Iran could trigger a larger war, and say the burden of cleaning up the mess will fall on them] (1) Gulf countries are worried that if the US and Israel attack Iran again, which is now better prepared, it could trigger a more destructive war in the region, and the burden of cleaning up the mess will fall on them. Anwar Gargash, the foreign policy advisor to the UAE president, said at the Bahrain IISS Manama Dialogue on Sunday that the Gulf countries are being drawn into a crisis that they have tried to avoid with great diplomatic efforts and are clearly seeking a political way out. (2) Trump has repeatedly stated that the US and Israel will "get their job done" in Iran and has ruled out launching a new round of attacks before the US midterm elections on Tuesday, but he does not rule out restarting attacks if peace negotiations are deadlocked. A new round of conflict will cause more trauma to the region that has already been ravaged by months of war. (3) Iran has launched thousands of missiles and drones at Gulf countries, targeting oil facilities, airports and power plants, causing dozens of civilian casualties and severe economic turmoil in the region. The IMF predicts that Saudi Arabia's economy will contract by 3.3% this year, and Kuwait and Qatar are expected to see even larger declines. (4) Mohammed Bashah, associate research fellow for international security at the Royal United Services Institute, said he had not heard any Gulf officials or civilians support the US and Israel striking Iran again, but most people believed that a new round of attacks was imminent and that Iran would take a tougher counterattack this time and no longer abide by the previous tacit understandings in the war.

Real-Time Popular Commodities

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4044.98

-43.82

(-1.07%)

XAG

51.489

-0.296

(-0.57%)

CONC

91.56

1.04

(1.15%)

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99.69

0.56

(0.57%)

USD

101.750

0.157

(0.15%)

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1.1198

-0.0020

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1.3432

-0.0016

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6.6665

0.0019

(0.03%)