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2025-10-29 Wednesday

2025-11-04

18:29:25

South Korean presidential advisor: Automobile tariffs will be reduced to 15%. South Korea successfully capped its annual aid to the US at $20 billion. South Korea will invest $350 billion in the US, of which $200 billion will be paid in cash installments, and $150 billion will be used for shipbuilding cooperation.

18:29:04

South Korean Presidential Advisor: South Korea and the United States have reached an agreement on the details of a trade deal

18:27:37

[Silver Mining Stocks Surge 5% Amid Fed Rate Cut Prompt] ⑴ Silver mining stocks listed in the US rose across the board in pre-market trading, with Hekel Mining up 4.5% and Coeur Mining up 5.4%. ⑵ Spot silver prices surged 2.5% to $48.292 per ounce, a new high for the period. ⑶ The market widely expects the Federal Reserve to announce a 25 basis point rate cut at its policy meeting on Wednesday. ⑷ Investors are closely watching Powell's speech, hoping for forward guidance on the future path of interest rates. ⑸ Endeavour Silver surged 5.3%, with Silvercorp Metals following suit with a 3.8% gain, showing a broad-based rally in the sector. ⑹ Silver ETFs also strengthened, with the abrdn physical silver ETF rising 2.5% and the iShares Silver Trust rising 2.6%. ⑺ The gains in mining stocks significantly outpaced the performance of spot silver, indicating leverage and rising market risk appetite. ⑻ The simultaneous surge in the precious metals sector and interest rate-sensitive assets reflects strong market expectations for easing policies.

18:27:03

[US Treasury Market Holds Breath Awaiting Decision; Yield Curve Narrows Across the Board Ahead of FOMC] ⑴ The spread between 2-year and 10-year Treasury yields fluctuated between 49.1 and 47.7 basis points, last quoted at 48.7 basis points. ⑵ The spread between 5-year and 30-year yields oscillated narrowly between 93.3 and 92.2 basis points, last quoted at 92.9 basis points. ⑶ Yields across all maturities narrowed: 2-year at 3.502%, 5-year at 3.623%, 10-year at 3.991%, and 30-year at 4.552%. ⑷ Trading volume in 10-year Treasury futures was only 192,000 contracts, significantly lower than the recent average, indicating thin market activity. ⑸ The Federal Reserve is about to announce its interest rate decision, with the market widely expecting a 25 basis point cut to the 3.75%-4.00% range. ⑹ Diplomatic trips to Asia and the white-collar unemployment surge triggered by artificial intelligence are key factors influencing market sentiment. (7) The Treasury will auction $69 billion in 17-cycle Treasury bonds and $30 billion in 2-year floating-rate notes. (8) Investors remain cautious ahead of major risk events, resulting in low trading volume and narrow price fluctuations in the bond market.

18:18:30

[The Fed Cuts Rates by a Major 25 Basis Point tonight! A Historic Policy Shift Behind It] ⑴ Market pricing indicates that investors almost unanimously expect the Fed to cut rates by 25 basis points on Wednesday. ⑵ The target range for the interest rate will be lowered from the current 4.00%-4.25% to 3.75%-4.00%. ⑶ This will be Powell's third attempt at a preemptive rate cut, aimed at mitigating the risk of recession rather than addressing a crisis. ⑷ A similar effort in 2019 was interrupted by the outbreak of the pandemic and failed to demonstrate the full extent of the policy's effects. ⑸ The labor market stabilized last year, but the decline in inflation has stalled this year. ⑹ Stagnant inflation may reflect the continued impact of Trump's tariff rhetoric on price levels. ⑺ The Fed is continuing its policy navigation journey since the turn of the century, navigating major challenges such as the bursting of the tech bubble, the global financial crisis, and the COVID-19 pandemic. ⑻ This rate cut decision will test the central bank's forward-looking ability to implement easing policies in a non-crisis environment.

18:17:06

The Central Bank of Sri Lanka: The yield on the 364-day treasury bill auction was 8.04%, higher than the 8.02% of the previous auction.

18:16:04

[The Nordic Power Game Intensifies: A Tug-of-War Behind the Daytime Price of €58.1] ⑴ The Nordic system electricity price is expected to reach €58.1/MWh on Thursday, a slight increase from the previous estimate of €57.9. ⑵ Wind power output is expected to increase by 3.8 GWh/h tomorrow, while consumer demand is expected to decrease by 0.4 GWh/h. ⑶ Remaining load (consumption minus wind and solar power) is expected to decrease by 4.1 GWh/h, easing supply pressure. ⑷ Exports to Germany/Netherlands/Estonia/Lithuania/Poland/UK are expected to increase by 0.3 GWh/h. ⑸ Bullish Factors: Reduced water inflows to Norway/Sweden/Finland tomorrow necessitate an increase of 270 MWh/h in the first four hours of the Nordic power grid. ⑹ Key Unit Changes: Forsmark Nuclear Power Plant Unit 3 output is expected to decrease to 970 MW tomorrow, and several hydroelectric units are offline. (7) Bearish factors: Consumption models indicate a demand decrease of 360 MWh/hour tomorrow, with average temperature rising by 0.9 degrees Celsius. (8) Surge in wind power: Wind power generation in Denmark/Sweden/Norway/Finland increased by 3790 MWh/hour to an average of 9630 MWh/hour. (9) Germany's benchmark electricity price was €87.8/MWh today, peaking at €55.1; it is expected to remain range-bound tomorrow.

18:11:43

[UK £5 Billion 7-Year Bonds Issued: Demand Tested by Yield Spread Advantage] ⑴ The UK Debt Management Office will issue £5 billion of new 7-year government bonds with a coupon rate of 4.125% and a maturity date of March 2033. ⑵ The bonds are currently trading at a 11.5 basis point yield spread compared to the linear interpolation of bonds maturing in June 2032 and January 2034. ⑶ The new 5-year government bonds issued last Thursday also had a yield spread advantage, but the auction results were only in line with expectations and not outstanding. ⑷ The winning yield for the previous 5-year government bond auction was 0.4 basis points higher than the grey market quote, reflecting slight pricing pressure. ⑸ Although the bid-to-cover ratio reached a robust level of 2.8 times, it shows that investors remain cautious about bond pricing. ⑹ In the current market environment, investor demand for government bonds remains, but they are cautious about the timing of entry. (7) The new bond issuance will test the market’s ability to absorb longer-term UK government bonds, with particular attention to the final pricing level and bid-to-cover ratio.

18:10:37

[SKF Warns of Weak Demand, Shares Plunge 4%, Shattering Manufacturing Dreams] ⑴ Swedish bearing manufacturer SKF expects continued weak demand in the short term, mainly due to market uncertainty. ⑵ Adjusted operating profit for the third quarter fell 2% to SEK 2.76 billion, slightly above analysts' expectations of SEK 2.72 billion. ⑶ Shares fell 4% in response, although the year-to-date gain remains at 17%. ⑷ The CEO noted that customers are maintaining a cautious purchasing attitude due to tariffs, geopolitics, and global conflicts. ⑸ Despite stable demand at low levels, SKF largely offset the impact of tariff increases in the third quarter through price hikes. ⑹ The company expects to continue to address tariff cost pressures through price adjustments in the fourth quarter. ⑺ The US market contributed one-fifth of SKF's sales last year, and the company is considering shifting some production to the US. ⑻ Organic sales growth of 2% in the third quarter was mainly driven by the industrial sector, but the outlook for the fourth quarter is becoming more conservative.

18:10:15

Santander Brazil's Q3 Net Profit Exceeds 4 Billion Reais, Leading the Financial Sector: ⑴ Santander Brazil's recurring net profit for the third quarter reached 4.01 billion reais, significantly exceeding market expectations of 3.71 billion reais. ⑵ The bank's net profit increased by 9.4% year-on-year in the third quarter, demonstrating a continued improvement in profitability. ⑶ Consolidated loan size increased to 688.8 billion reais, maintaining a steady pace of asset expansion. ⑷ Loan loss provisions were 7.51 billion reais, reflecting the bank's prudent risk management strategy. ⑸ The 90-day default rate was 3.4%, with asset quality indicators remaining within a controllable range. ⑹ Net profit performance exceeded analysts' expectations by approximately 8%, highlighting superior operating efficiency compared to peers. ⑺ Strong performance data supported investor confidence and consolidated its leading position in the Brazilian banking sector.

18:04:21

[UK £3.75 Billion Bond Issuance Sparks 3-Fold Oversubscription] ⑴ The UK Debt Management Office successfully issued £3.75 billion of 4.125% conventional government bonds, maturing in 2033. ⑵ The issuance was oversubscribed 3.04 times, with market demand far exceeding supply. ⑶ The winning yield was only 0.3 basis points at the tail end, while the price was 1.9 ticks at the tail end, indicating precise pricing. ⑷ The lowest accepted price corresponded to a yield of 4.194%, and the highest accepted price corresponded to a yield of 4.187%. ⑸ A total of £11.4115 billion in bids were received, with £3.187499 billion allocated through competitive bidding. ⑹ The success rate at the lowest accepted price level was as high as 98.2352%, reflecting investor acceptance of the current yield level. ⑺ Market makers received £562.5 million in non-competitive allocations, ensuring ample liquidity in the secondary market. (8) Strong bidding demand indicates that UK government bonds remain highly attractive in the global fixed income market.

18:03:24

[Demand for Italian Treasury Bonds Surges, €4 Billion Issuance Ignites Battle for Safe-Haven Assets] ⑴ The Italian Treasury successfully issued €4 billion in short-term treasury bonds on Wednesday, of which €2 billion matures in December 2025. ⑵ The average yield on bonds maturing in December 2025 was 1.974%, with a bid-to-cover ratio of 1.78. ⑶ The average yield on bonds maturing in March 2026 was 2.004%, with a bid-to-cover ratio of 1.76. ⑷ The two maturities attracted over €7 billion in bids, with market demand far exceeding supply. ⑸ The robust market acceptance of the short-term bond issuance demonstrates investor confidence in assets from peripheral Eurozone countries. ⑹ Bid-to-cover ratios remained above a healthy level of 1.75, reflecting continued strong demand for safe-haven assets. ⑺ The yield curve exhibits a normal upward slope, with short-term interest rate pricing in line with the European Central Bank's policy expectations.

18:03:06

[Jordan Launches 120,000-Ton Wheat Tender, Igniting Food Trade War] ⑴ Jordan's National Grain Procurement Agency launched an international tender on Wednesday, planning to purchase up to 120,000 tons of milling wheat. ⑵ This tender allows for sourcing from select origins, providing suppliers with greater flexibility in choosing their sources. ⑶ The deadline for bids is set for November 4th, highlighting the urgency of the procurement. ⑷ This tender is a direct response to Tuesday's failed tender for 120,000 tons of wheat, demonstrating the country's urgent food needs. ⑸ The new tender requires shipments in batches, with 60,000 tons shipped in four separate periods between January 1st and February 28th, 2026. ⑹ The shipment schedule is identical to Tuesday's failed tender, indicating Jordan's adherence to its original supply timeline. ⑺ Jordan also launched a tender for 120,000 tons of feed barley at the same time, which will close on Wednesday. ⑻ These two large-scale grain purchases demonstrate Jordan's determination to ensure food security and will likely trigger fierce competition among international suppliers.

18:00:54

[France's Digital Tax Takes a Blow, Doubling the Rate to 6%, Igniting a Trade Powder Keg Between the US and Europe] ⑴ The French National Assembly passed an amendment to the 2026 budget, significantly increasing the digital income tax rate from 3% to 6%. ⑵ This tax adjustment directly targets US tech giants such as Amazon, Alphabet (Google's parent company), and Meta. ⑶ While lower than the radical proposal to raise the rate to 15%, a 100% increase will still significantly increase the tax burden on businesses. ⑷ US Republican lawmakers warned that this move constitutes an unwarranted attack on US tech companies and could trigger a strong backlash. ⑸ The Trump administration has repeatedly threatened retaliatory tariffs against France, bringing trade tensions to a head. ⑹ This amendment is only part of the budget; the final bill will be voted on next month or December, and the outcome remains uncertain. ⑺ Although the amendment was proposed by President Macron's party, the French government is taking a cautious approach, emphasizing the need for international dialogue to advance the process. (8) The French Finance Minister noted Parliament’s willingness to strengthen taxes on digital giants, but stressed the need to handle the tax threshold issue with caution.

18:00:08

[Mercedes-Benz Luxury Car Sales Surge 10%, Breaking Profit Ceiling] ⑴ Mercedes-Benz's automotive business profit margin reached 4.8% in the third quarter, exceeding market expectations of 4.7% and 3.9% in the same period last year. ⑵ Sales of high-end models achieved a robust 10% increase, with high-profit brands such as Maybach and AMG performing particularly well. ⑶ The company's free cash flow reached approximately €1.4 billion, and its strong cash generation capacity prompted the resumption of its share buyback program. ⑷ Despite facing the impact of restructuring and layoff costs, resulting in a 70% drop in operating profit, the core business remained remarkably resilient. ⑸ The share price rose 6% to a seven-month high, with the market reacting positively to the better-than-expected performance and capital return initiatives. ⑹ The CEO pointed out that the company is facing multiple challenges, including Trump's tariff rhetoric and intense market competition. ⑺ Electrification transformation and European emissions targets pose long-term pressures, but the premiumization strategy has effectively offset industry headwinds.

17:59:14

[The Era of High-Stakes Forex Trading Has Arrived! Carry Trade Frenzy Disrupts Traditional Patterns] ⑴ This year's forex trends may intensify further, with more funds flowing into carry trades or euro assets. ⑵ The market exhibited strong speculative intent in 2025, significantly boosting the valuations of many risk assets. ⑶ Declining confidence in global reserve currencies supported the euro's performance, with the trade-weighted euro index continuing to strengthen. ⑷ The euro jumped from a February low of 1.0125 against the dollar to a high of 1.1918 last month, a gain of nearly 1800 points. ⑸ Although the exchange rate stalled before the key 1.20 level, the euro still hit a record high against the yen. ⑹ Carry trade performance was astonishing, with high-yield emerging market currencies rising far more than interest rate yields themselves. ⑺ Safe-haven currencies like the dollar and yen, which should have benefited from trade turmoil, instead fell sharply. ⑻ Selling traditional safe-haven currencies to fund carry trades became a significant factor driving their decline. (9) Increasing investment during trade disputes, which are generally unfavorable for arbitrage, is tantamount to extreme market gamble. (10) The continued boom in US stocks and the rebound in gold and Bitcoin after a slight correction have further fueled the speculative frenzy.

17:58:51

US Dollar Outlook: Dollar Index Holds Steady Ahead of Fed Meeting, Market Prepares for Volatility Details>

17:57:56

UBS CEO: We hope to continue doing business in Switzerland

17:57:21

India's chief economic advisor: Debt ratio and deficit ratio will continue to decline in the coming years.

17:56:23

Can the gold rally rally take off again with the help of the Federal Reserve? Details>

17:54:42

India's Chief Economic Advisor: This fiscal year, our GDP growth rate will be higher than the previously forecast range of 6.3% to 6.8%. I wouldn't be surprised if GDP growth exceeds 7%. In the coming years, our inflation rate will converge with that of developed economies. The Indian rupee is expected to stabilize and strengthen in the coming years. The fiscal deficit target of 4.4% is on track to be achieved.

17:54:14

Saudi Expo 2030 CEO: All major Saudi projects will be completed by 2030, including Diriyah, Al-Giddia (not Al-Giddyah), King Salman Park, and Sports Boulevard.

17:53:08

[European Gas Market Tug-of-War! Norwegian Production Cuts Counter the Impact of a Mild Winter] ⑴ Wholesale gas prices in the Netherlands and the UK rose slightly on Wednesday, as a decrease in Norwegian supply offset weak heating demand due to mild weather. ⑵ The benchmark Dutch TTF near-month contract rose €0.23 to €31.73 per megawatt-hour, while the December contract rose €0.29 to €31.99. ⑶ UK near-month gas prices rose 0.59 pence to 80.22 pence per tsimam, maintaining a high-level consolidation pattern. ⑷ Norwegian gas infrastructure maintenance led to a drop in exports to 287 million cubic meters per day, a significant decrease from Monday's 326 million cubic meters. ⑸ Analysts warned that any extension of maintenance plans would pose a bullish risk and could further push up gas prices. ⑹ Heating demand in Northwest Europe is expected to decrease by 54 gigawatt-hours per day, with warm weather continuing to suppress consumption. ⑺ The EU announced it will begin pooling corporate gas demand, accelerating its strategy to reduce dependence on Russian energy. (8) The benchmark contract in the European carbon market rose by €0.36 to €78.65 per tonne as the cost of energy transition continued to climb.

17:52:16

[Central State-Owned Enterprises Strategic Emerging Industries Development Special Fund Launched with Initial Size of 51 Billion Yuan] Today (29th), the Central State-Owned Enterprises Strategic Emerging Industries Development Special Fund, initiated by the State-owned Assets Supervision and Administration Commission of the State Council and entrusted to China State-owned Assets Holdings Co., Ltd. for establishment and management, was launched in Beijing. The fund is now ready for investment and will help accelerate the development of strategic emerging industries. The initial size of the fund is 51 billion yuan, of which China State-owned Assets Holdings Co., Ltd. plans to contribute approximately 15 billion yuan. The fund has a 5-year investment period and an 8-year management and exit period, with the investment period potentially extended by up to 2 years, for a total of 15 years. As a special fund under the State-owned Assets Supervision and Administration Commission of the State Council to promote the accelerated development of strategic emerging industries of central state-owned enterprises, the fund will support state-owned enterprises in addressing industrial weaknesses and shortcomings, deploying cutting-edge innovation, and further enhancing their core functions and competitiveness. It will focus on supporting strategic emerging industries such as artificial intelligence, aerospace, high-end equipment, and quantum technology, as well as key areas of future industries such as future energy, future information, and future manufacturing. (CCTV News)

17:50:20

India's chief economic advisor: I wouldn't be surprised if our GDP growth exceeds 7%. This fiscal year, our GDP growth rate will be higher than the expected range of 6.3% to 6.8%.

17:50:09

[USD/JPY Breaks Through 152.5, Nikkei Stocks Surpass 50,000 Points, Triggering a Chain Reaction in the Currency Market] ⑴ The USD/JPY pair rose from 151.54 to 152.54 on Wednesday, a single-day increase of 100 points, showing a strong breakout pattern. ⑵ The Nikkei index broke through the historical 51,000-point mark for the first time, with currency hedging operations simultaneously driving capital inflows. ⑶ Although technical charts show a divergence between bullish and bearish forces during the day, the upward trend remains dominant. ⑷ The across-the-board strengthening of the US dollar was mainly driven by optimism surrounding the US-China trade agreement, with risk appetite significantly rebounding. ⑸ The EUR/JPY pair fluctuated between 176.70 and 177.40 on Wednesday, still below the historical high of 178.23 reached on Monday. ⑹ Market participants are calling on the Japanese government to give the central bank room to raise interest rates, paving the way for the normalization of monetary policy. ⑺ The Bank of Japan will hold a policy meeting this week, and the market generally expects it to maintain interest rates unchanged.

17:46:56

[Bank of Canada Trapped in Rate Cut Dilemma: Three Key Data Points Reveal Policy Dilemmas] ⑴ The Bank of Canada cut interest rates in September, with a weak labor market and sluggish investment plans posing major pressures. ⑵ Trade policy uncertainty continues to escalate, with market concerns about Trump's tariff rhetoric intensifying. ⑶ Despite a sharp rise in core inflation, it failed to offset downside risks to the economic fundamentals. ⑷ Dominique Lapointe, Head of Macro Strategy at Manulife Wealth & Asset Management, points out that the logic behind the September rate cut still holds true in October. ⑸ If the economic situation in September warranted a rate cut, the continued existence of the same factors provides a basis for another rate cut. ⑹ Inflation concerns and economic growth pressures create a policy balancing act, leaving the central bank in a dilemma. ⑺ The market is closely watching how the Bank of Canada balances conflicting economic signals; the next interest rate decision is highly anticipated.

17:44:43

[Major Earthquake in India's Sugar Industry: Sugarcane Procurement Prices Surge 8.1% in Uttar Pradesh] ⑴ Uttar Pradesh, India, announced on Wednesday an 8.1% increase in the minimum procurement price for sugarcane for the new crushing season. ⑵ For the new crushing season starting this month, the price for early-maturing sugarcane is set at 400 rupees per 100 kg, a significant increase from 370 rupees last year. ⑶ This price increase of 30 rupees directly pushes up the raw material procurement costs for sugar mills. ⑷ Uttar Pradesh is India's second-largest sugar-producing region, and its pricing policy has a significant impact on the national sugar industry. ⑸ Local sugar mills are expected to begin crushing next month, and the new price standard will take effect immediately. ⑹ Converted at the exchange rate, the new price is equivalent to US$4.55 per 100 kg, and the cost pressure may be transmitted to the global sugar market.

17:42:45

[Santander's Business Landscape Transforms! €3.2 Billion Share Buyback Plan Ignites Capital Speculation] ⑴ The CFO of Santander Bank confirmed that the US automotive business continues to outperform expectations. ⑵ The bank expects risk costs for its Brazilian operations to be between 4.7% and 4.8% by the end of 2025. ⑶ The CEO stated that the sale of shares in the Polish subsidiary is progressing as planned and is expected to be completed in the first quarter of 2026. ⑷ The CFO explicitly pledged to strictly implement the €3.2 billion share buyback plan once the Polish asset sale is completed. ⑸ The strong performance of the US automotive business contrasts sharply with the manageable risk costs in Brazil, highlighting regional differences. ⑹ The disposal of the Polish assets will be a key turning point in triggering a large-scale capital return plan, directly impacting shareholder returns. ⑺ The €3.2 billion buyback scale demonstrates management's pursuit of efficient capital allocation and its determination to create shareholder value.

17:40:43

US President Trump: We did reach a trade agreement with South Korea.

17:39:56

[UK Housing Market Defies Trend, Mortgage Approvals Hit 10-Month High] ⑴ UK mortgage approvals reached 65,944 in September, the highest monthly figure since December last year. ⑵ This figure significantly exceeded the median forecast of 64,000 economists surveyed. ⑶ Net mortgage lending increased by £5.489 billion in September, significantly higher than the expected £4.1 billion. ⑷ Net consumer credit increased by £1.491 billion, roughly in line with market expectations of £1.5 billion. ⑸ M4 money supply grew by 0.6% month-on-month, indicating that market liquidity remains stable and expanding. ⑹ Mortgage approvals grew at their fastest pace in nearly 10 months, a stark contrast to recent cautious signals in the housing market. ⑺ The data release comes on the eve of Chancellor Rachel Reeves' budget announcement, injecting a positive signal into the UK housing market.

17:39:03

[BASF's Metals Trading Profits Trigger 3% Share Price Surge] ⑴ BASF's adjusted EBITDA for the third quarter fell 4.8% to €1.54 billion, but still slightly exceeded market expectations of €1.5 billion. ⑵ The financial results included the performance of the coatings business, which was agreed to be sold this month, and the actual performance exceeded analysts' consensus expectations. ⑶ The share price rose 3% to a three-week high in early trading, mainly driven by better-than-expected results and the early implementation of the share buyback program. ⑷ The company announced on Tuesday evening that it would implement its previously announced share buyback program ahead of schedule, a move earlier than the market expected. ⑸ The unexpected resilience in profitability stemmed in part from the strong performance of its precious metals trading business, which uses metals in the production of catalytic converters. ⑹ BASF warned that the overall market environment remains challenging, with customers maintaining a cautious purchasing attitude in almost all industries and regions. ⑺ The company lowered prices in areas such as basic chemicals, industrial materials, and agricultural products, with only the surface technologies and nutrition and care divisions implementing price increases. ⑻ BASF adjusted its full-year guidance, expecting EBITDA before special items to be in the range of €6.7 billion to €7.1 billion.

17:37:50

[Russia Launches Surprise Move: Significant Cut in Foreign Exchange Sales Next Year Shakes Ruble Foundation] ⑴ Russian Central Bank Governor Nabiullina announced on Wednesday that the country will reduce the scale of foreign exchange sales by the National Wealth Fund in 2026. ⑵ This move will directly weaken official support for the ruble exchange rate and may affect currency stability. ⑶ Foreign exchange sales are mainly used to cover budget deficits, and the more balanced 2026 budget, currently under parliamentary review, is the main reason for the reduction. ⑷ The Central Bank of Russia is responsible for both foreign exchange sales by the Fiscal Reserve Fund and intervention operations to smooth exchange rate fluctuations. ⑸ The bank maintained a net selling of foreign exchange throughout 2025, continuously providing liquidity to the market. ⑹ Central bank foreign exchange sales, coupled with high interest rates and slowing imports, jointly supported the ruble's rebound at the beginning of this year and maintained its strong performance. ⑺ Nabiullina pointed out that Western sanctions have affected import and export flows, leading to a significant increase in ruble exchange rate volatility. ⑻ She emphasized that the ruble exchange rate should be market-driven, balancing the interests of different market participants.

17:37:06

[France Takes Drastic Action, Doubling Digital Tax to 6%, Igniting Cross-Border Dispute] ⑴ The French National Assembly formally passed amendments to the 2026 budget on Tuesday evening. ⑵ The amendments plan to drastically increase the tax rate on the digital revenue of large technology companies from the original 3% to 6%. ⑶ This tax adjustment directly affects US tech giants such as Amazon, Google's parent company Alphabet, and Meta. ⑷ The tax rate increase reaches 100%, doubling the original rate and significantly increasing the tax burden on relevant companies. ⑸ This move may trigger a strong reaction from the US government, and the market is concerned that it will reignite cross-border trade friction.

17:35:57

[Australian Dollar Surpasses 0.66! Explosive Inflation Shatters Central Bank Rate Cut Expectations] ⑴ The Australian dollar tested the 0.66 level against the US dollar, strengthened by higher-than-expected inflation data. ⑵ Core CPI rose 1% quarter-on-quarter, exceeding the market expectation of 0.9%. ⑶ Overall CPI rose 1.3% quarter-on-quarter, significantly higher than the median forecast of 1.1%. ⑷ Reserve Bank of Australia (RBA) Governor Bullock had previously stated that a 0.9% core CPI increase would constitute a substantial deviation. ⑸ Current data directly led to a postponement of market expectations for an RBA rate cut until at least February next year. ⑹ The Australian dollar touched below the 0.6625-30 resistance zone against the US dollar but failed to break through this technical level. ⑺ Considering the buying support from stock market inflows, the exchange rate may still test the 0.67 level. ⑻ The overwhelmingly better-than-expected inflation data provided fundamental support for the Australian dollar, significantly reducing the probability of a rate cut in the short term.

17:34:46

[Bank of England Rate Cut Alarm Sounded! Goldman Sachs' Sudden Shift Triggers Storm for Pound-Related Assets] ⑴ Goldman Sachs announced on Tuesday that it is adjusting its interest rate forecast for the Bank of England, now expecting a 25 basis point cut in November. ⑵ This policy shift is based on weaker-than-expected inflation data last week and signs of tightening in the labor market. ⑶ UK consumer inflation in September was 3.8%, lower than the central bank's expected 4%, increasing the likelihood of a rate cut in November. ⑷ In September, Goldman Sachs predicted that the Bank of England would keep interest rates unchanged until 2025, followed by an easing cycle in 2026. ⑸ The institution pointed out that economic data since September has been significantly weaker than previously expected. ⑹ Goldman Sachs expects the UK budget to be announced next month to have a large-scale contractionary effect on the economy. ⑺ The Wall Street investment bank now predicts that the Bank of England will cut interest rates quarterly, bringing the bank rate down from the current 4% to 3% by July 2026. (8) Current market pricing indicates a 40% probability of a 25 basis point rate cut in November, while the combined probability of a rate cut in November or December reaches 70%. (9) Top investment banks, including JPMorgan Chase and Morgan Stanley, previously predicted that after holding rates steady in September, there would be no further rate cuts this year.

17:30:31

The annual rate of the UK's M4 money supply in September

Previous : 3.40% Forecast : -

Published Value 3.60%

17:30:07

The Bank of England's consumer credit in September

Previous : 16.92 Forecast : 15

美元

英镑

Published Value 14.91

17:30:06

The monthly rate of the UK's M4 money supply in September

Previous : 0.40% Forecast : -

Published Value 0.60%

17:30:06

The Bank of England granted mortgage loans in September

Previous : 6.47 Forecast : 6.40

Published Value 6.59

17:30:05

The Bank of England's mortgage lending in September

Previous : 43.08 Forecast : 41

英镑

美元

Published Value 54.89

17:27:41

[Sudden Political Changes in Bulgaria! Power Shift Behind the Speaker's Sudden Resignation] ⑴ Bulgarian National Assembly Speaker Kiselova announced her resignation on October 29th, local time. ⑵ This resignation stemmed directly from a significant decision made by the ruling coalition the previous day: a new mechanism will be implemented where the Speaker position rotates every ten months. ⑶ Kiselova was elected Speaker of the Bulgarian Parliament in December 2024, serving for approximately ten months. ⑷ The ruling coalition's adjustment to the rotation system directly triggered this change in the Speaker's appointment. ⑸ The establishment of this rotation mechanism marks a new phase in the power distribution within Bulgarian politics.

17:23:24

Moody's ratings assigned a Ba2(hyb) rating to the proposed Additional Tier 1 (AT1) instrument to be issued by Hypo Vorarlberg Bank AG.

17:22:20

The yield on the 10-year US Treasury note rose 0.50% to 3.996% during the day.

17:20:43

[Carmignac Goes All-Out Short on US Treasuries, Yield Curve Faces Widespread Impact] ⑴ Kevin Thozet, a member of Carmignac's investment committee, confirmed that the firm has turned its position across the entire US Treasury yield curve into a full short position. ⑵ This decision is based on the market's full pricing of Fed rate cuts at the short end of the yield curve, while fiscal concerns pose a risk to long-term Treasuries. ⑶ Carmignac believes the market's expectation of five rate cuts over the next 12 months is overly optimistic, which could lead to an upward shift in short-term yields. ⑷ Long-term yields also face upward pressure due to a combination of factors, including Fed rate cut expectations, a large fiscal deficit, and potential policy uncertainty. ⑸ The firm judges that current market pricing is significantly deviating from fundamentals, providing an opportunity to establish short positions. ⑹ Continued fiscal concerns are a key factor suppressing long-term bond performance and could trigger an overall upward shift in the yield curve.

17:19:55

[Cracks Emerge in the Global Bond Market! The Capital Battle Behind the US Treasury Yield Advantage] ⑴ The current yield on German 2-year government bonds is 1.981%, 152.9 basis points lower than comparable US bonds, demonstrating a significant yield spread advantage. ⑵ The yield on US 2-year Treasury bonds has reached 3.510%, with only Australia and the UK offering higher yields at 3.554% and 3.784% respectively. ⑶ Japan's 2-year yield is the lowest at 0.944%, 256.6 basis points lower than the US, highlighting the divergence in monetary policies among major economies. ⑷ The yield on German 10-year government bonds is 2.630%, 136 basis points lower than the US 10-year Treasury yield of 3.990%. ⑸ The UK's 10-year government bond yield leads major developed countries at 4.403%, 41.3 basis points higher than the US. (6) Australia's 10-year bond yield reached 4.237%, Canada's was 3.002%, and yields in core European countries were concentrated in the 2.5%-3.4% range. (7) Japan's 10-year bond yield was only 1.654%, 233.6 basis points lower than that of the United States, making it a yield haven in the global bond market. (8) The yield differences indicate a significant divergence in the policy paths of central banks around the world, and capital flow preferences are being reallocated.

17:18:45

LME Daily Inventory changes in the UK on October 29th - Aluminum Alloy

Previous : 0 Forecast : -

Published Value 0

17:18:39

LME Daily inventory changes in the UK on October 29th - Zinc

Previous : -1800 Forecast : -

Published Value -50

17:18:33

LME Daily inventory changes in the UK on October 29th - Lead

Previous : -2700 Forecast : -

Published Value -4800

17:18:28

LME Daily inventory changes in the UK on October 29th - Main NASAAC aluminum alloys

Previous : 0 Forecast : -

Published Value 0

17:18:25

LME Daily inventory changes in the UK on October 29th - Nickel

Previous : 198 Forecast : -

Published Value 270

17:18:20

LME Daily Inventory Changes in the UK on October 29th - Tin

Previous : -25 Forecast : -

Published Value 130

17:18:16

LME Daily inventory changes in the UK on October 29th - Cobalt

Previous : 0 Forecast : -

Published Value 0

17:18:12

LME Daily inventory changes in the UK on October 29th - Primary aluminum

Previous : -3625 Forecast : -

Published Value -2900

17:18:05

LME Daily inventory changes in the UK on October 29th - Copper

Previous : -1400 Forecast : -

Published Value 775

17:17:02

The Credit Suisse /CFA Economic Conditions Index for Switzerland in October

Previous : 3.60 Forecast : -

Published Value 0

17:11:57

[A Milestone in Baltic Wind Power! Poland's First Offshore Wind Farm Completes Key Installations] ⑴ Baltic Power, a joint venture between ORLEN and Canada's Northland Power, has completed the installation of two offshore substations, each weighing 2,500 tons. ⑵ These two substations are key components of Poland's first offshore wind farm, responsible for collecting electricity generated by the wind turbines and transmitting it to shore. ⑶ Some components of the two substations were manufactured in facilities in Gdynia and Gdansk, reflecting the participation of Polish domestic industry. ⑷ The offshore substations have been installed approximately 20 kilometers from the coast and will receive electricity from 76 wind turbines, each with a capacity of 15 MW. ⑸ Each substation is equipped with two transformers, 230 kV and 66 kV switchgear, diesel generators, and a control and monitoring system. ⑹ The localization rate of the project is expected to reach at least 21% throughout its entire lifecycle, with Polish companies involved in multiple stages from basic components to installation and construction. (7) The wind farm, scheduled for completion next year, will have an installed capacity of approximately 1.2 gigawatts and an annual power generation of 4 terawatt-hours, enough to meet the electricity needs of over 1.5 million households. (8) The wind farm is located in the sea near Leba and Hochevo, 23 kilometers from the coast, covering an area of over 130 square kilometers, roughly the size of the city of Gdynia.

17:11:19

The US dollar index just touched the 99.00 mark, last trading at 99.00, up 0.27% on the day.

17:09:19

Spot gold has just broken through the $4,020.00/ounce mark, and is currently trading at $4,020.05/ounce, up 1.71% on the day; COMEX gold futures are currently trading at $4,033.10/ounce, up 1.26% on the day.

17:08:41

Italy's preliminary non-EU trade balance for September

Previous : 17.80 Forecast : -

Published Value 27.40

17:06:26

[Gold Surges $129! Three Signals of a Resurgence in Forex Speculation] ⑴ Gold prices have rebounded $129 from Tuesday's low of $3886/oz, currently trading around $4015/oz. ⑵ During the recent gold pullback, global stock markets continued their upward trend, indicating a continued rise in market risk appetite. ⑶ Current safe-haven demand is not strong; the gold rebound reflects more the need to hedge against stock market corrections. ⑷ The rapid rebound in gold has reduced the demand for forex traders to seek other safe-haven assets, driving funds towards riskier assets. ⑸ The strong speculative appetite shown in the stock market is expected to transmit to the forex market, supporting speculative activity. ⑹ Favored forex trends in 2025 may intensify, with strategies such as arbitrage trading and going long on the euro regaining attention. ⑺ The continued downward trend in oil prices will be one of the key factors guiding future exchange rate movements.

17:04:53

[Powell Makes a Major Appearance Tonight! Fed's "Neutral" Tactics Hold Hidden Clues] ⑴ Jefferies economist Mohit Kumar predicts that Fed Chairman Powell may adopt a neutral stance on the prospect of further interest rate cuts on Wednesday. ⑵ The market widely expects the Fed to announce a 25 basis point rate cut at this meeting, with the focus on guidance for the subsequent policy path. ⑶ Powell may acknowledge recent signs of a slowdown in labor market data, leaving open the possibility of another rate cut in December. ⑷ However, the Fed Chairman is expected to emphasize that any decision will depend on subsequent data performance, maintaining a data-dependent policy stance. ⑸ Jefferies also expects the Fed to formally announce the end of quantitative tightening at this meeting. ⑹ According to Tradeweb data, the 10-year US Treasury yield fell slightly by 0.6 basis points to 3.976%, with limited fluctuations across the entire yield curve. ⑺ The narrow range of fluctuations in the bond market indicates that investors remain cautious ahead of major risk events, awaiting clear guidance from Powell.

17:01:58

Spot platinum has just broken through the $1610.00/oz mark, last trading at $1610.05/oz, up 2.48% on the day; Nymex platinum futures main contract was last trading at $1608.0/oz, up 1.46% on the day.

17:01:55

[Caterpillar Earnings Report Preview Sparks Bet on Speculative Stock Price Fluctuations] ⑴ Caterpillar shares rose slightly by 0.1% to $527.37 before the market opened on Wednesday, awaiting the release of its third-quarter earnings report. ⑵ According to institutional data, the company's earnings per share are expected to be $4.52, with revenue reaching $16.77 billion, compared to $5.17 and $16.11 billion respectively in the same period last year. ⑶ Caterpillar's earnings per share exceeded expectations in five of the past eight quarters, but missed market expectations in the last two quarters. ⑷ Of the 28 analysts currently rated, 13 have given a "strong buy" or "buy" rating, 14 have given a "hold" rating, and only 1 recommends a "sell". ⑸ The median analyst target price has risen to $480.50, a significant increase from $445.27 a month ago. ⑹ The stock has risen approximately 46% this year, far exceeding the 12.5% gain of the S&P Dow Jones Industrial Average. (7) The options market predicts a 4.8% two-way fluctuation in stock price after the earnings report, significantly higher than the average volatility of 3.3% on earnings day over the past eight quarters.

17:01:20

[Swiss Franc Confidence Index Surges 38.7 Points! Market Undercurrents Behind Historic Rebound] ⑴ The Swiss investor confidence index surged 38.7 points to -7.7 points in October, marking a historic increase. ⑵ UBS Group points out that this increase ranks third in the index's history, second only to the rebounds during the financial crisis and the pandemic. ⑶ Despite the significant rebound, the index remains below its level before the US imposed a 39% tariff on Swiss exports in August. ⑷ The investor expectations sub-index for October was -7.7 points, a significant improvement from -46.4 points in September, and on par with October last year. ⑸ The current conditions sub-index was 0.0 points, slightly lower than 3.6 points in September, completely consistent with October last year. ⑹ Historical data shows that market sentiment is rapidly recovering, but the impact of tariffs has not yet been fully digested.

17:00:01

The Credit Suisse /CFA Economic Expectations Index for Switzerland in October

Previous : -46.40 Forecast : -

Published Value -7.70

16:55:40

[Oil Price Collapse Alarm! Fatal Technical Signals Could Trigger Chain Reaction in the Forex Market] ⑴ Crude oil prices have fallen sharply since oil-producing countries increased production. In February, oil prices were at $82/barrel, but by April, when production began to increase, they had fallen from $75/barrel to $65/barrel. ⑵ The initial low reached after the production increase was $58.50/barrel. Although conflicts in oil-producing regions provided some support, oil prices continued to decline. ⑶ Since June, oil price highs have been decreasing. After the outbreak of the Middle East war, oil prices were at $81.40 in June, $73.63 in July, $70.76 in September, and $66.78 in October. ⑷ If the closing price is below $63.02/barrel, this would break below the 61.8% Fibonacci retracement level of the 2020-22 rally, forming a very bearish technical signal. ⑸ The next key technical target is the $42 level. Continued declines in oil prices will drive the Fed's easing cycle and put pressure on the dollar. (6) The downward trend in oil prices has formed a clear downward channel, and the technical indicators show that there is still huge potential for further decline.

16:55:31

[The Triple Pressures Behind the Reserve Bank of India's Tough Stance] ⑴ Reserve Bank of India Deputy Governor Poonam Gupta stated clearly in Mumbai on Wednesday that under a market-driven exchange rate mechanism, the rupee is not a policy tool to counter trade tariffs. ⑵ This statement comes at a time of continued pressure on the rupee, primarily influenced by market concerns about potential high tariffs imposed by the US on Indian exports. ⑶ The Indian rupee was last quoted at 88.2250 against the US dollar, having depreciated by 3% year-to-date. ⑷ The Reserve Bank of India's emphasis on the market-based nature of the exchange rate mechanism indicates that it will not manipulate the exchange rate to address trade disputes. ⑸ Market anxieties and rupee depreciation pressure have created a vicious cycle, with the current exchange rate approaching a key psychological level. ⑹ The public statement by a central bank official at this sensitive time underscores policymakers' determination to maintain exchange rate stability.

16:54:48

[Pound Sterling Plunges Below Key Support! Three Warning Signs for New Year's Lows] ⑴ The pound sterling continued its decline against the dollar, breaking below the 200-day moving average and currently trading near a three-month low. ⑵ The bearish outside pattern formed on Tuesday reinforced the downward bias, technically supporting a bearish outlook. ⑶ Market risks remain, and the exchange rate may further test the year's low of 1.3140. ⑷ Goldman Sachs' latest forecast indicates that the institution expects the Bank of England to announce an interest rate cut at its November policy meeting. ⑸ The interest rate market currently prices in a 33% probability of a rate cut, indicating that the market has begun to digest some easing expectations. ⑹ If the Bank of England unexpectedly decides to cut interest rates, the pound sterling may face pressure to fall towards the 1.30 level against the dollar.

16:54:16

[Next Raises Profit Forecast Again] ⑴ British fashion retailer Next reported a 10.5% increase in full-price sales in the third quarter ending October 25, exceeding market expectations. ⑵ The company raised its full-year profit guidance for the fourth time in eight months, now expecting pre-tax profit of £1.135 billion for the year ending January 2026. ⑶ This forecast is an improvement from the previous guidance of £1.105 billion and also higher than the actual profit exceeding £1 billion for the first time in 2024/25. ⑷ Next's share price rose 5% on Wednesday, bringing its year-to-date gain to 48%. ⑸ The company's sales performance in both the UK and overseas exceeded expectations, with UK sales growing by 5.4%. ⑹ Overseas sales surged by 38.8%, partly reflecting higher-than-expected digital marketing spending. ⑺ The company raised its fourth-quarter full-price sales growth forecast to 7.0%. ⑻ Next has over 800 stores in the UK and Ireland, including brands such as Reiss, Joules, and FatFace. (9) Analysts point out that Next should benefit from real wage growth in the UK, but remains somewhat sensitive to employment prospects and consumer borrowing costs.

16:52:54

[US Employment Data May Influence the Fed's Policy Path] ⑴ Preliminary data released yesterday by ADP showed that the US added an average of 14,250 jobs per week in the four weeks ending October 11, 2025, equivalent to a cumulative increase of approximately 57,000 jobs over four weeks. ⑵ The Dallas Fed estimated earlier this month that the current break-even point for the job market is about 30,000 jobs per month; the 57,000 figure is far higher. ⑶ Fed Governor Waller, one of the most dovish members, cited ADP data as one of the reasons for supporting interest rate cuts in his July speech. ⑷ However, he recently stated that he still believes interest rate cuts are necessary but caution is needed, pointing out the contradiction between robust economic growth and a weak labor market. ⑸ If the ADP data does indeed show a strong rebound, Fed Chairman Powell may be more cautious about signaling a rate cut in December. ⑹ Such a hawkish surprise will have a significant impact on the market. ⑺ In the absence of government data, both the ADP data and the US Purchasing Managers' Index indicate strong economic activity. (8) The latest dot plot shows that the majority of Federal Open Market Committee members hold a neutral/hawkish stance, far exceeding the number of dovish members. (9) Without strong supporting reasons, these members will be the first to question a December rate cut. (10) Prior to the release of this data, the market generally believed that the outcome of today's Fed meeting was a foregone conclusion, with rate cuts and the end of quantitative tightening already fully priced in.

16:50:15

Goldman Sachs Raises 2026 Iron Ore Price Forecast: ⑴ Goldman Sachs has raised its 2026 iron ore price forecast, primarily considering macroeconomic support and tighter inventory levels. ⑵ Analysts predict in their report that the average price of this steelmaking feedstock will be $93 per ton in 2026. ⑶ This forecast is $5 higher than the previous estimate, but still significantly lower than current iron ore futures market prices. ⑷ Goldman Sachs maintains its view that iron ore prices will fall next year.

16:49:20

Ukraine's DTEK Energy Group reported on the 29th that Russian troops attacked one of its energy facilities in the Odessa region, causing severe damage. The report stated that energy workers, in areas where technically feasible, connected critical infrastructure and residential buildings to backup power lines, restoring power to approximately 7,000 households. Currently, about 26,900 households remain without power. Oleg Kipel, the Odessa region's military and political leader, stated that the Russian attack injured one person that day. (CCTV News)

16:49:00

[Lao Feng Xiang's Revenue Increased but Net Profit Declined in Q3 2025] ⑴ Lao Feng Xiang achieved operating revenue of RMB 14.646 billion in the third quarter of 2025, a year-on-year increase of 16.03%. ⑵ Net profit attributable to shareholders of the listed company was RMB 217 million, a year-on-year decrease of 41.61%. ⑶ Basic earnings per share were RMB 0.4153. ⑷ Cumulative operating revenue for the first three quarters reached RMB 48.001 billion, a year-on-year decrease of 8.71%. ⑸ Net profit attributable to shareholders of the listed company for the first three quarters was RMB 1.438 billion, a year-on-year decrease of 19.05%. ⑹ Basic earnings per share for the first three quarters were RMB 2.748.

16:48:36

Recently, seven departments, including the Ministry of Transport, jointly issued the "Implementation Opinions on 'Artificial Intelligence + Transportation'". At a press conference today (29th), a relevant official from the Ministry of Transport stated that the "15th Five-Year Plan" national major science and technology projects will focus on building an intelligent integrated three-dimensional transportation network, intensifying the research and development of key technologies for the integration of artificial intelligence and transportation, organizing collaborative research among innovation entities to overcome major technological challenges, develop key equipment, and innovate development models. (CCTV News)

16:47:59

UBS CFO: We saw more investments in the Asia-Pacific region in the third quarter, and the region performed exceptionally well this quarter.

16:47:38

[UK gilt yields decline ahead of Fed decision] ⑴ UK gilt yields fell ahead of the US Federal Reserve's interest rate decision, with the market anticipating a 99.9% probability of a 25 basis point rate cut. ⑵ If the rate cut occurs as expected, the federal funds target range will fall to 3.75%-4.0%. ⑶ Analysts pointed out that although the US government shutdown has resulted in a lack of key recent economic data, there is still ample evidence to support another 25 basis point rate cut. ⑷ The 10-year UK gilt yield fell 1 basis point, ultimately trading at 4.387%.

16:46:32

Market news: Two World Food Programme officials will be expelled from Sudan.

16:46:05

Market news: The European Central Bank plans to launch a digital euro in 2029, and preparations will continue.

16:45:46

SKF CEO: We are moving forward to make more of our product lines compliant with the USMCA.

16:44:53

[Hungary's Trade Surplus Narrows in September but Still Exceeds Expectations] ⑴ Hungary's trade surplus narrowed to €589 million in September 2025, lower than €886 million in the same period last year, but higher than the market forecast of €557 million. ⑵ The narrowing surplus was due to slower export growth than import growth, with exports increasing by 4.9% year-on-year to €13.124 billion. ⑶ Imports increased by 7.8% year-on-year to €12.535 billion. ⑷ In the first nine months of this year, the country's trade surplus expanded to €7.78 billion, higher than €7.079 billion in the same period last year.

16:44:42

[Reserve Bank of India Deputy Governor Emphasizes Exchange Rate Policy Stance] ⑴ The Reserve Bank of India (RBI) Deputy Governor stated that the exchange rate is not a policy tool for addressing tariff issues. ⑵ RBI Deputy Governor Phuntsok Gupta pointed out at an event in Mumbai that in a market where exchange rate levels are determined by market forces, the exchange rate cannot be used as a policy tool. ⑶ These comments come as the Indian rupee continues to face pressure due to concerns about the impact of high US tariffs on Indian exports. ⑷ The latest exchange rate for the Indian rupee against the US dollar is 88.2250, representing a cumulative depreciation of 3% so far in 2025.

16:43:30

[New Details of Japan's Investment Plan Boost Tokyo Tech Stocks] ⑴ New details of Japan's investment commitments boosted Tokyo tech stocks, with SoftBank Group shares closing up 3.9%. ⑵ However, the outline of the approximately $400 billion project did not specify the concrete structure of Japan's commitment to invest $550 billion in the US as part of a trade agreement. ⑶ The official statement listed SoftBank as one of the major investors, potentially investing up to $25 billion in power infrastructure. ⑷ A SoftBank spokesperson stated that the funds have not yet been allocated to any specific projects. ⑸ Due to the lack of details and a timeline, the market will closely monitor subsequent concrete actions to assess the actual impact of the investment commitments.

16:42:48

On October 29, CCTV reporters learned that US President Trump stated that he had failed to coordinate a meeting time with North Korean leader Kim Jong Un. That day, during a bilateral meeting with South Korean President Lee Jae-myung at the Gyeongju National Museum, Trump said, "I know Kim Jong Un very well, we get along very well. It's just that we haven't been able to coordinate a meeting time." Previously, Trump had expressed his desire to meet. On August 25, he stated his hope to meet with Kim Jong Un this year; and earlier on October 29, he reiterated this desire, mentioning that he might soon return to Asia to meet with North Korean leader Kim Jong Un. (CCTV News)

16:42:28

UBS CFO: UBS has no balance sheet exposure to First Brands; only a small number of funds have been affected.

16:42:13

UBS CFO: Continue to move forward with the sale of UBS O'Connor business

16:42:01

Market news: Malaysian Prime Minister Anwar Ibrahim will visit South Korea from October 31 to November 1.

16:41:40

The 8th Paris Peace Forum opened in Paris, France, on October 29th, local time. As a major event in global governance, this year's forum, themed "Building a New Alliance for Peace, People and the Planet," aims to promote the construction of a new multilateral cooperation framework in today's international landscape rife with division and conflict. The forum's discussions focused on conflict prevention and resolution, social investment with children as a driver of development, the application of artificial intelligence in peace and development, and innovative solutions to climate change. Against the backdrop of an increasingly complex global situation and frequent conflicts from Ukraine to the Middle East and Central Africa, the forum emphasized the urgency of collective action and the importance of cross-sectoral cooperation. The organizers stated that this forum aims to "rebuild trust, restart dialogue, and redefine the possibilities of multilateral cooperation." (CCTV News)

16:41:26

UBS CFO: No violation of investment guidelines

16:41:18

UBS CFO: Obtaining a national banking license in the United States is expected to enhance its banking capabilities in key markets.

16:40:29

[Preview of the Fed's October Interest Rate Decision] ⑴ Analysts expect the Fed to cut the federal funds target range by 25 basis points later on Wednesday. ⑵ However, they do not expect much forward guidance for the December meeting. ⑶ Fed Chairman Powell is expected to maintain a neutral tone. ⑷ They expect policymaker Stephen Milan to dissent and vote for a 50 basis point rate cut. ⑸ Analysts say that because the Fed currently lacks much data to reference, this rate cut may be described as a further step in risk management measures.

16:39:51

[Montenegro's Retail Sales Growth Slows in Q3] ⑴ Retail sales in Montenegro increased by 2.4% year-on-year in the third quarter, a slowdown from the revised 4.8% growth in the second quarter. ⑵ On a seasonally adjusted basis, retail trade in the three months ending in September increased by 18.6% month-on-month, compared to a revised 26% growth in the previous quarter. ⑶ At current prices, retail sales in the July-September period increased by 6.8% year-on-year and 19.9% month-on-month. ⑷ At current prices, retail sales of motor vehicle fuel in the third quarter of 2025 decreased by 1.6% year-on-year. ⑸ Food retail sales increased by 6.6% year-on-year, while sales of cosmetics and pharmaceuticals increased by 7.0%. ⑹ Other non-food retail sales increased by 8.2% year-on-year.

16:39:20

[Australian Wheat Production Forecast Revised Upwards Due to Favorable Weather] ⑴ Australia's 2025/26 wheat production forecast has been revised upwards by 2% to 34.8 million tons, with a range of 33.1 million to 36.7 million tons. ⑵ Satellite imagery shows good vegetation health in the main wheat-producing states of New South Wales, Western Australia, Victoria, South Australia, and Queensland. ⑶ Vegetation density in these regions is at or above the long-term median level. ⑷ Weather conditions over the past two weeks have been mixed, with temperatures near normal in Victoria and South Australia. ⑸ Temperatures in New South Wales and Queensland are above average, while Western Australia is generally cooler. ⑹ Rainfall in Western Australia is near normal, while Queensland and New South Wales are drier. ⑺ Rainfall in Victoria and South Australia is mostly above normal. ⑻ The overall weather outlook is favorable for the wheat crop, with harvesting already underway in some areas. ⑼ Short-term forecasts indicate above-average temperatures in New South Wales, Victoria, and South Australia. (10) A cooling trend is expected over 8 to 15 days, with temperatures in Queensland and Western Australia near normal. (11) Moderate rainfall is expected in most areas, but limited rainfall is possible in Western Australia. (12) The seasonal outlook indicates near-normal temperatures and rainfall in major wheat-producing regions in November, with slightly above-normal rainfall expected in New South Wales and Queensland.

16:37:56

[Spain's Economic Growth Slows Moderately in Q3] ⑴ Preliminary data from the Spanish National Statistics Institute shows that the economy grew by 0.6% quarter-on-quarter in the third quarter, a slowdown from the previous quarter's 0.8%. ⑵ Spain's economy continues to outperform its Eurozone counterparts, mainly due to the post-pandemic tourism boom, a strong labor market driven by immigration, EU financial support, and cheaper energy. ⑶ The Q3 growth rate met analysts' expectations, driven by domestic demand, with consumption and investment maintaining growth amid geopolitical and trade uncertainties. ⑷ The government statement said this data reinforces the upward revisions of 2025 forecasts by major countries and international institutions, indicating that Spain will once again lead growth among major developed economies. ⑸ This marks the ninth consecutive quarter of GDP growth for Spain at 0.6% or higher quarter-on-quarter. ⑹ On an annualized basis, Q3 economic output grew by 2.8%, lower than the 3.0% expected by surveyed analysts. ⑺ The National Statistics Institute revised the Q2 annual growth rate from the previously announced 3.1% to 3.0%.

16:37:07

[RBI Deputy Governor Emphasizes Inflation Target and Exchange Rate Policy Stance] ⑴ The RBI Deputy Governor stated that the vast majority of stakeholders recommend that the central bank continue to target overall inflation. ⑵ The Deputy Governor also clearly stated that the exchange rate is not a policy tool for addressing tariff issues.

16:36:40

[Spain's Retail Sales Growth Remained Robust in September] ⑴ Spanish retail sales in September 2025 increased by 4.2% year-on-year, slightly slower than the 4.7% increase in August, but still indicating healthy consumer spending. ⑵ After seasonal adjustment, retail trade increased by 0.5% month-on-month in September. ⑶ Food sales increased by 0.6% month-on-month, and non-food product sales increased by 0.2% month-on-month. ⑷ Year-to-date, Spanish retail sales activity has increased by 4.3% cumulatively.

16:35:29

[Saudi Sovereign Wealth Fund Adjusts Investment Strategy] ⑴ Saudi Arabia is preparing to adjust the investment focus of its $925 billion sovereign wealth fund. ⑵ The fund will shift away from mega-real estate projects that previously dominated its development goals. ⑶ The new strategy aims to narrow its focus to existing development projects such as logistics, mining, and religious tourism. ⑷ This adjustment is driven by a determination to ensure more sustainable short-term returns for the fund. ⑸ Saudi Arabia also plans to invest in artificial intelligence. ⑹ It will also focus on data centers powered by its abundant hydrocarbon and other energy sources.

16:34:38

The National Health Commission, the Ministry of Civil Affairs, the National Healthcare Security Administration, the National Administration of Traditional Chinese Medicine, and the National Center for Disease Control and Prevention jointly issued a "Notice on Launching an Action to Promote the Integration of Medical and Elderly Care" today (29th), deciding to launch a three-year action to promote the integration of medical and elderly care. The notice proposes that by the end of 2027, policies on the integration of medical and elderly care will be continuously improved, the service system will be more complete, service supply will be effectively increased, service capacity will be significantly enhanced, and medical and health resources and elderly care resources will be further shared and integrated to better meet the health and elderly care service needs of the elderly. The notice outlines 25 specific tasks in seven areas: First, improving the layout of service resources. This includes improving the integrated medical and elderly care service system, supporting the expansion of integrated medical and elderly care functions, and deepening medical and elderly care collaboration within medical alliances. Second, strengthening the talent pool. This includes expanding the scale of professional talent training, improving the professional level of practitioners, and conducting health education and care skills training. Third, developing home and community services. This includes strengthening health management for the elderly, improving the quality and efficiency of family doctor contracts, and providing community-embedded services. Fourth, expanding service supply. The measures include: 1) Deepening the effective connection between medical and elderly care services; 2) Deepening the integration of traditional Chinese medicine and medical care services; 3) Popularizing mental health knowledge; 4) Increasing medical insurance support; 5) Strengthening service guarantees for disabled and cognitively impaired elderly people. This includes carrying out health service initiatives for disabled elderly people, ensuring the care needs of economically disadvantaged disabled elderly people, encouraging the development of specialized services for cognitively impaired elderly people, and promoting the implementation of a long-term care insurance system. 6) Strengthening quality management. This includes implementing an assessment system for elderly admissions, strengthening quality control, promoting multidisciplinary continuous services, and standardizing the management of self-brought medications. 7) Building a solid safety production line. This includes strengthening industry supervision, implementing the main responsibility of institutions, and conducting emergency drills for infectious disease prevention and control. (CCTV News)

16:33:50

Equinor CEO: The company is well-positioned to benefit from anticipated growth in US natural gas demand driven by the "artificial intelligence boom" and data center electricity needs.

16:33:39

Russian Central Bank Governor Nabiullina: Sovereign wealth funds' foreign exchange sales in 2026 will be lower than in 2025.

45

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Instrument	Current Price	Change
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EURUSD	1.1515	-0.0004 (-0.03%)
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