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2025-10-29 Wednesday

2025-11-04

15:08:38

Daily warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China -20 # rubber

Previous : 605 Forecast : -

Published Value -201

15:08:37

Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Pulp

Previous : -41 Forecast : -

Published Value -534

15:08:34

Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Natural Rubber

Previous : -740 Forecast : -

Published Value 320

15:08:33

Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Gold

Previous : 0 Forecast : -

Published Value 801

15:08:33

Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Rebar

Previous : -3058 Forecast : -

Published Value -1221

15:04:20

[UBS Says Clients Are Increasingly Focused on Hedging Downside Risks] UBS Group stated that its clients are preparing for a market downturn and warned that sentiment surrounding a booming market could shift rapidly. In its third-quarter results announcement on Wednesday, UBS said that due to high valuations across most asset classes, "investors remain active but are increasingly focused on hedging downside risks." Looking ahead to the fourth quarter, UBS noted that "market sentiment could shift rapidly as confidence in the outlook is tested and seasonal factors take effect." Currently, there are few signs that this will happen.

15:04:07

The Indian Sugar Association (ISMA) seeks to export 2 million tons in 2025-26.

15:03:46

Polish military: Russian aircraft conducted reconnaissance missions in international airspace without submitting flight plans and with their transponders switched off.

15:03:01

[A-Share Market Close: Shanghai Composite Index Holds Above 4000 Points, Photovoltaic Energy Storage and Non-Ferrous Metals Sectors Surge] The three major A-share indices rose collectively today. At the close, the Shanghai Composite Index rose 0.7%, the Shenzhen Component Index rose 1.95%, the ChiNext Index rose 2.93%, and the Beijing 50 Index rose 8.41%. The total turnover of the Shanghai, Shenzhen, and Beijing stock exchanges reached 2.2907 trillion yuan, an increase of 125.4 billion yuan compared to the previous day. More than 2,600 stocks rose across the market. In terms of sectors and themes, Hainan Free Trade Zone, photovoltaic equipment, industrial metals, batteries, securities, games, and quantum technology sectors led the gains; while banking, film and television, liquor, and Fujian local stocks led the declines. On the market, photovoltaic equipment and energy storage sectors surged across the board in the afternoon, with Canadian Solar, LONGi Green Energy, and Tongwei Co., Ltd. all hitting their daily limit, and Sungrow Power Supply Co., Ltd. reaching a new intraday high. The non-ferrous metals sector collectively strengthened, with copper and zinc leading the gains. Dazhong Mining hit its daily limit, while Jiangxi Copper, CITIC Metals, and Huayu Mining led the gains. The Hainan Free Trade Zone sector also performed actively, with Hainan Development, Hainan Airlines Group, and Haide Group hitting their daily limit. In addition, several sectors, including securities, gaming, and quantum technology, saw intraday rotation. On the other hand, many banking stocks declined, with Chengdu Bank, Shanghai Pudong Development Bank, and Xiamen Bank among the biggest losers. Fujian local stocks showed mixed performance, with many pulling back, including Xiamen Cinda, Haixia Environmental Protection, and China Wuyi, all of which declined.

15:01:23

Xi Jinping will meet with US President Donald Trump. (Ministry of Foreign Affairs)

15:01:10

The Shanghai Composite Index closed at 4016.33 points, up 0.70%; the CSI 300 Index closed at 4747.84 points, up 1.19%; the Shenzhen Component Index closed at 13691.38 points, up 1.95%; the ChiNext Index closed at 3324.27 points, up 2.93%; and the SME Composite Index closed at 14575.50 points, up 1.21%.

14:59:58

Musk: Tesla Model Y self-driving taxi service is now available in the Greater Austin area.

14:59:49

OpenAI CFO: (When asked about the high valuations of AI computing transactions) No computing power equals no revenue, and there are huge bottlenecks in global computing resources, thus requiring investment. For computing power transactions, we need just as much innovation in financing as we do in technology.

14:58:39

OpenAI CFO: In terms of computing business deals, we need just as much innovation on the funding side as on the technology side.

14:56:59

[France Announces M51.3 Submarine-Launched Ballistic Missile, Calls it a "Major Milestone"] According to reports from French newspapers such as Ouest-France and US-based Defense News, the French Ministry of Defense announced on the 28th the launch of the latest third-generation version of its M51 submarine-launched ballistic missile, calling it a "major milestone" in the modernization of the country's maritime nuclear deterrent.

14:56:24

According to the Financial Times, new research indicates that as the United States and other developed countries cut funding to the World Health Organization, the organization's increasing reliance on the Gates Foundation has distorted its agenda.

14:50:20

Equinor CEO: Falling oil prices could lead to cuts in U.S. oil production, but Ørsted's core business is in good shape.

14:48:38

The annual Christmas celebration in Rhinebeck, upstate New York, has been canceled for the first time in 26 years. Organizers attributed the cancellation to increased costs directly caused by Trump's tariffs.

14:47:31

OpenAI CFO: We hope to partner with governments around the world to promote our technology, which can also bring soft power to the United States.

14:46:38

The Russian Federal Security Service (FSB) reported that Russian security forces arrested a Kiev agent in the Stavropol region who was planning to blow up a transport facility in the area.

14:46:25

Mitsubishi UFJ Financial Group predicts the euro could rise to 0.90 against the pound. However, the bank also believes the pound could rebound if Chancellor Reeves can provide sufficient fiscal space in next month's budget to boost investor confidence.

14:45:26

Russian Deputy Prime Minister arrives in South Korea to attend APEC summit

14:44:34

[HSBC: Gold Prices Expected to Peak in First Half of 2026, Targeting $4,400] While gold prices faced downward pressure at the beginning of this week, HSBC believes this is merely a temporary correction in the precious metals. The institution predicts the gold price rally will continue into the new year, peaking in the first half of 2026. HSBC points out that key factors driving the rally include safe-haven inflows, widening fiscal deficits, new threats to the Federal Reserve's independence, and pressure on overall US fiscal stability. Furthermore, the bank believes strong inflows into ETFs and physical gold accounts will continue to support gold prices. However, looking ahead to the end of the year, HSBC states that if the Federal Reserve cuts interest rates less than expected, it may slow the gold price rally, but the overall weakness of the US dollar should support precious metal prices until early 2026. The bank expects gold prices to fluctuate between $3,700 and $4,050 for the remainder of this year, with a year-end target price of $3,950. Next year, gold prices are expected to fluctuate between $3,600 and $4,400, peaking in the first half of 2026 and breaking through the $4,400 mark. The bank forecasts gold prices to reach $3,800 by the end of 2026.

14:43:57

Spot gold has just broken through the $3,980.00/ounce mark, and is currently trading at $3,980.06/ounce, up 0.70% on the day; COMEX gold futures are currently trading at $3,993.20/ounce, up 0.25% on the day.

14:42:19

Gold prices are consolidating above 3950, awaiting a new impetus from the Fed's decision. Details>

14:40:38

OpenAI CFO: The agreement reached with Microsoft on Tuesday allows us to continue raising funds in a much less complicated way.

14:40:10

[October 29: The "Agricultural Products Wholesale Price 200 Index" rose by 0.48 points from yesterday] According to the monitoring of the Ministry of Agriculture and Rural Affairs, the "Agricultural Products Wholesale Price 200 Index" was 124.30 on October 29, up 0.48 points from yesterday, and the wholesale price index of "vegetable basket" products was 126.16, up 0.57 points from yesterday.

14:39:28

[Russia to Relocate Military Units for Rare Earth Project Next Year] According to foreign media reports, the Kirov-Apatit Urban Agglomeration Development Plan, approved by the Russian government, stipulates that the relocation of relevant military units for the development of the Afrikanda rare earth metal deposit (REM) in the Murmansk region is expected to take place in 2026. The Murmansk Oblast government, along with the Russian Ministry of Defense, Ministry of Economic Development, and Ministry of Finance, have been designated as the responsible parties for implementing these plans. The CEO of the project operator, Arcmineral Resource, previously stated that the Ministry of Finance proposed requiring investors to bear the costs of relocating the military units, estimated to be between 2.5 billion and 3 billion rubles. Under the license terms, mining operations cannot commence in the Afrikanda mining area until the relocation of the facility is completed.

14:39:07

Three-month copper on the London Metal Exchange (LME) hit a record high, currently trading at $11,129.5 per tonne, up nearly 1%.

14:37:58

Spot platinum has just broken through the $1590.00/ounce mark, last trading at $1590.25/ounce, up 1.22% on the day; Nymex platinum futures main contract was last trading at $1590.6/ounce, up 0.37% on the day.

14:35:26

HSBC: Gold's rally will continue into the new year, with prices expected to peak in the first half of 2026.

14:34:17

Davidson: Raises target price for Nvidia (NVDA.O) from $215 to $250

14:28:39

[Trump: Threatened 250% Tariffs on India and Pakistan to Resolve Conflict] US President Trump stated that earlier this year, he threatened to impose 250% tariffs to urge India and Pakistan to resolve their conflict. He described Indian Prime Minister Modi as "the coolest guy" and a "tough guy" eager for a fight. Trump has repeatedly claimed responsibility for resolving the four-day armed conflict, angering Indian officials who have dismissed his claims of mediation. Sources revealed that Modi missed this week's regional leaders' summit in Malaysia due to concerns among Indian officials that Trump would again claim responsibility for the ceasefire. During his trip to three Asian countries, Trump repeatedly mentioned his role in the conflict. "I called Prime Minister Modi and said, 'We can't make a trade deal with you,' Trump said, 'You're at war with Pakistan, and we're not doing that.'" Trump said he also called Pakistan, and both sides told him, "You should let us resolve this ourselves." The president ultimately stated that he threatened to impose "250% tariffs" on both countries, which means you will never be able to trade with them again.

14:28:17

The CEO of the Canada Pension Plan Investment Board stated that the company is actively looking at investment opportunities in India's infrastructure and renewable energy sectors.

14:26:36

The main rebar futures contract rose 1.03% intraday, closing at 3134 yuan/ton.

14:20:03

[State Administration of Foreign Exchange: Improving the Efficiency of Fund Utilization for Service Trade Enterprises and Relaxing Management of Service Trade Advance Payments] The State Administration of Foreign Exchange (SAFE) released a package of facilitation policies to support the stable development of foreign trade. The policies mention improving the efficiency of fund utilization for service trade enterprises. They relax management of service trade advance payment services, clarifying that domestic enterprises can directly handle related fund collection and payment for goods transportation, warehousing, and maintenance fees with their trading counterparts at convenient banks. The policies also support contracting enterprises in centrally allocating and using funds across countries and regions, effectively revitalizing "dormant" funds from overseas projects, significantly reducing corporate financial costs, and contributing to high-quality Belt and Road Initiative construction.

14:19:38

[State Administration of Foreign Exchange: Encouraging Banks to Include More SMEs Related to New Trade Formats in the List of High-Quality Enterprises] The State Administration of Foreign Exchange (SAFE) released a package of facilitation policies to support the stable development of foreign trade. The policies mention supporting the healthy development of innovative businesses such as new trade formats. They leverage the recommendation and credit enhancement role of high-quality e-commerce platforms and foreign trade comprehensive service enterprises, encouraging banks to include more SMEs related to new trade formats in the list of high-quality enterprises, applying more convenient trade fund settlement policies. The policies guide banks to transform traditional document review methods, using online electronic transaction information such as orders and logistics provided by foreign trade comprehensive service enterprises for automatic batch review through the system, facilitating convenient foreign exchange receipts and payments for entities in new trade formats. The policies also supervise banks to establish a special foreign exchange business handling mechanism for current account items, efficiently handling personalized and complex innovative foreign exchange businesses under current account items for domestic institutions with genuine and legitimate transaction backgrounds, adhering to the principle of "substance over form."

14:19:18

[Reserve Bank of India Accelerates Gold Repatriation] 1. The Reserve Bank of India (RBI) currently holds over 65% of its gold reserves domestically, nearly double the proportion four years ago. India accelerated its gold repatriation process after Western countries froze their reserves due to Russia's military action in Ukraine. 2. The RBI stated in a semi-annual report on foreign exchange reserves on Tuesday that it repatriated nearly 64 tons of gold in the first six months of the fiscal year beginning in April. By value, gold accounted for 13.92% of total reserves at the end of September, up from 11.70% at the end of March. The RBI typically holds a portion of its gold reserves with the Bank of England and the Bank for International Settlements. 3. As of the end of September, the RBI held 880 tons of gold, of which 576 tons were domestic reserves, a record high. In September 2022, domestic gold holdings accounted for approximately 38% of the total. The RBI did not give a reason for this shift, but the move is likely aimed at strengthening control over the country's gold assets.

14:18:28

Hoa Phat, a Vietnamese steel manufacturer, is accelerating the construction of its rail steel plant, which is expected to begin production in 2027.

14:17:56

Gold prices rebounded slightly ahead of the Fed decision, but trade optimism and a strong dollar put pressure on prices. ① Gold prices rebounded slightly on Wednesday, with spot gold currently trading around $3,968.5 per ounce, up about 0.4%, as the market anticipated a Fed rate cut. However, optimism surrounding the US-China trade agreement and a stronger dollar kept gold prices near three-week lows. ② Supported by the 21-day moving average, the dollar index rose 0.2% on Wednesday, increasing the cost of gold for holders of other currencies. ③ OANDA senior analyst Kelvin Wong pointed out that the short-term pullback in gold prices stemmed from trade optimism, driving safe-haven funds towards assets such as stocks. "Gold faces pressure from leveraged traders adjusting their positions and a break in technical support, but the fundamentals remain bullish." ④ US and Chinese officials finalized a framework for a trade agreement over the weekend, and the leaders of the two countries will meet in South Korea on Thursday. An ANZ report stated that trade progress weakened safe-haven demand, and the pullback in gold prices may provide central banks with buying opportunities. ⑤ The Fed is expected to cut rates by 25 basis points on Wednesday, with investors focusing on Powell's forward guidance; the ECB is expected to keep rates unchanged on Thursday.

14:16:00

Saudi Aramco's Executive Vice President of Strategy: Natural gas is positioned as a key driver of growth in demand related to artificial intelligence.

14:15:04

Saudi Aramco's Executive Vice President of Strategy: There was a time when natural gas was seen as a transitional fuel, but I now believe that view no longer holds true, and natural gas will be a long-term presence.

14:14:25

[State Administration of Foreign Exchange: Optimizing Foreign Exchange Settlement for Comprehensive Foreign Trade Service Enterprises] The State Administration of Foreign Exchange (SAFE) issued a notice on further facilitating foreign exchange settlement and supporting the stable development of foreign trade. The notice mentions optimizing foreign exchange settlement for comprehensive foreign trade service enterprises. Banks can use electronic transaction information provided by these enterprises to process cross-border e-commerce receipts and settlements for foreign trade service enterprises and their entrusted clients, as well as payments for warehousing, logistics, and tax-related expenses incurred overseas for exported goods. Banks can also net these warehousing, logistics, and tax-related expenses with export proceeds, while simultaneously reporting actual receipts and payments data and reconstructed data in accordance with relevant regulations on reporting foreign exchange receipts and payments.

14:14:03

Russia's Yamal LNG company announced it will suspend its Yakutia LNG project, which is subject to US sanctions, to focus on other development projects, such as supplying gas to digital and high-tech facilities.

14:13:46

[State Administration of Foreign Exchange: Encouraging More New Trade Entities to Be Included in Facilitation Policies] The State Administration of Foreign Exchange (SAFE) issued a notice on further facilitating foreign exchange settlement and supporting the stable development of foreign trade. The notice encourages including more new trade entities within the scope of facilitation policies. It supports prudent and compliant banks in including honest and trustworthy cross-border e-commerce platforms and foreign trade comprehensive service enterprises with good compliant operations, as well as their recommended trustworthy clients, in trade facilitation policies or high-level opening-up pilot programs. When handling foreign exchange receipts and payments related to cross-border e-commerce, market procurement trade, and foreign trade comprehensive services, banks should indicate "cross-border e-commerce," "market procurement trade," or "foreign trade comprehensive services" in the transaction remarks of their foreign exchange receipts and payments declarations.

14:13:12

[He Lifeng: China is Further Deepening Capital Market Reform and Opening Up] He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, stated on the 29th at the Diaoyutai State Guesthouse, during a meeting with members of the International Advisory Committee of the China Securities Regulatory Commission, that China is fully implementing the spirit of the Fourth Plenary Session of the 20th CPC Central Committee, further deepening capital market reform, and unswervingly expanding high-level opening up of the financial sector. He emphasized that China aims to serve its modernization with high-quality financial development and welcomes more foreign financial institutions and long-term capital to invest and operate in China. (CCTV)

14:10:41

The US dollar index rebounded slightly, awaiting the Fed's interest rate decision. Details>

14:09:21

[EU Recommends Ukraine's Participation in Government Satellite Communications Plan] European Commission spokesperson Thomas Renier stated on October 28 that the European Commission has recommended that member states authorize the initiation of negotiations with Ukraine to promote Ukraine's participation in the EU government's satellite communications plan. This plan aims to integrate satellite resources from member states and private operators to build a secure and resilient communications system. Renier stated that this is crucial for Ukraine, and its participation will enhance Europe's space security capabilities at critical moments. Some commentators believe that given the ongoing disagreements within the EU regarding policy towards Ukraine, the future of this plan by the European Commission remains uncertain. (CCTV)

14:08:44

Spot gold has just broken through the $3,970.00/ounce mark, and is currently trading at $3,970.19/ounce, up 0.45% on the day; COMEX gold futures are currently trading at $3,983.70/ounce, up 0.02% on the day.

14:07:49

[Five Departments Including the Ministry of Commerce: Encouraging New Service Consumption Scenarios such as Animation, Games, E-sports, and Sports] The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commerce." The plan mentions cultivating outlet malls, brand specialty stores, and discount stores according to local conditions, organically integrating them with tourism routes and the leisure industry to create a hub for high-quality domestic and international brands at all levels. It encourages new business formats such as pop-up stores and boutique shops with distinct themes and characteristics, as well as new service consumption scenarios such as animation, games, e-sports, and sports, fostering "small but beautiful" and "specialized but refined" specialty shops.

14:05:36

Slowing UK food inflation fuels expectations of further policy easing, causing the pound to continue weakening against the dollar. Details>

14:05:27

[Five Departments Including the Ministry of Commerce: Guiding Commercial and Trade Enterprises to Cooperate with E-commerce Companies to Achieve Linkage Between Offline Commercial Venues and Online Platforms Through Instant Retail Models] The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commerce." The plan proposes promoting the integrated development of online and offline channels. It guides commercial and trade enterprises to cooperate with e-commerce companies to achieve linkage between offline commercial venues and online platforms through instant retail models, developing models such as platform ordering + store delivery and store ordering + instant delivery. It encourages e-commerce companies to cooperate with express delivery companies to integrate scattered demand orders, develop joint delivery and centralized delivery, promote instant delivery and unmanned delivery, improve precise response capabilities, and utilize urban space to deploy facilities such as pre-positioned warehouses, smart parcel lockers, and comprehensive express delivery service stations to improve last-mile delivery efficiency and service quality.

14:05:08

[Five Departments Including the Ministry of Commerce: Rectifying "Involutionary" Competition and Establishing a Fair, Equal, and Free Business Environment] The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commerce." The plan mentions regulating market order. It calls for comprehensively considering the characteristics of different business formats, such as online and offline, and goods and services, to formulate reasonable support policies and regulatory standards, rectify "involutionary" competition, and establish a fair, equal, and free business environment. It also calls for building a new credit-based regulatory mechanism, strengthening intellectual property protection, improving consumer complaint handling and supervision mechanisms, and promoting honest business practices and consumer confidence.

14:04:51

[Five Departments Including the Ministry of Commerce: Deepening Innovation and Upgrading of Urban Retail Industry, Implementing "One Store, One Policy" for the Renovation of Existing Commercial Facilities] The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commercial Facilities." The plan proposes to promote the renovation of existing facilities. It aims to deepen innovation and upgrading of the urban retail industry, implementing a "one store, one policy" approach to the renovation of existing commercial facilities. It supports local governments in including eligible commercial, cultural, and tourism facility renovation projects within the scope of large-scale equipment upgrades and urban renewal initiatives. It guides commercial facilities to carry out renovations tailored to local conditions, optimizing traffic organization, improving parking systems, and increasing public service facilities, among other site environment optimization projects. It also promotes the introduction of diverse business formats, such as service industries and innovative immersive experience scenarios, to revitalize the urban commercial market.

14:04:19

[Five Departments Including the Ministry of Commerce: Cultivating High-Quality Business Formats to Meet Comprehensive Consumer Demands] The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commercial Facilities." The plan proposes cultivating high-quality business formats to meet comprehensive consumer demands. It aims to cultivate a number of large-scale commercial complexes in urban centers, key pedestrian streets (commercial districts), tourist and leisure blocks, and nighttime cultural and tourism consumption clusters, catering to consumers' comprehensive shopping and leisure needs. These complexes will gather diverse business formats, scenarios, and services, enhancing international and high-quality consumption appeal and providing one-stop solutions for diverse consumer demands. The plan also includes upgrading and transforming a number of traditional department stores and shopping centers to create consumption venues with abundant goods and services and comprehensive shopping and leisure functions. Furthermore, it supports eligible stores to become tax-refund shops for departing tourists, expanding inbound consumption.

14:03:53

[National Committee of the Chinese People's Political Consultative Conference (CPPCC): Strengthen Consistency Assessment of Macroeconomic Policy Orientation, Adhere to "People-Centered" Approach to Expanding Domestic Demand] The CPPCC held a symposium in Beijing on the 28th to analyze the macroeconomic situation in the third quarter of 2025. CPPCC Vice Chairman Wang Yong attended and addressed the meeting. Participants suggested that, facing profound and complex changes in the domestic and international development environment, it is necessary to uphold and strengthen the Party's overall leadership over economic work. This requires not only keen insight into risks and challenges but also a deep understanding that the fundamental trend of my country's long-term economic growth remains unchanged. It is crucial to accurately grasp the current economic situation, thoroughly implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee, focus on the strategic goals and key tasks of economic and social development during the 15th Five-Year Plan period, strengthen consistency assessment of macroeconomic policy orientation, adhere to a "people-centered" approach to expand domestic demand, deepen the construction of a unified national market, deepen financial and capital market reforms, accelerate the deep integration of technological innovation and industrial innovation, and promote the formation of a synergy for high-quality development.

14:03:23

[Five Departments Including the Ministry of Commerce: Strengthening the Integration and Application of Technologies such as Artificial Intelligence, Internet of Things, Cloud Computing, Blockchain, and Extended Reality in Urban Commercial Systems] The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commerce." The plan emphasizes strengthening the empowerment of emerging technologies, including the integration and application of technologies such as artificial intelligence, the Internet of Things, cloud computing, blockchain, and extended reality in urban commercial systems. On the operational side, it calls for improving the functions of urban commercial district big data platforms, expanding the monitoring scope and frequency of passenger flow and sales in key pedestrian streets (commercial districts) nationwide, conducting in-depth analysis and judgment of consumption characteristics and trends, and improving smart services such as land use planning, investment promotion, logistics management, and security. On the consumption side, it aims to improve new smart business models such as intelligent guidance, precision marketing, cloud shopping, and immersive experiences, and promote a number of "artificial intelligence + consumption" scenarios.

14:01:53

[Five Departments Including the Ministry of Commerce: Promoting High-Quality Development of Pedestrian Streets (Business Districts)] The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commerce." The plan proposes to promote the high-quality development of pedestrian streets (business districts). It emphasizes fully leveraging the role of pedestrian streets (business districts) in leading and driving the construction of urban commercial systems, creating platforms for consumption upgrading, serving as city image icons, and serving as windows for opening up to the outside world. The plan calls for the creation of national demonstration pedestrian streets (business districts), combining urban renewal with a "one street, one policy" and "one district, one policy" approach to promote the renovation of existing pedestrian street (business district) facilities and the upgrading of business formats, fostering the aggregation of high-quality domestic and international brands, new business formats, new models, and new scenarios, optimizing the business and consumption environment, and creating a number of national demonstration pedestrian streets (business districts) that are rooted locally, radiate across the country, and face the world.

14:01:40

South Africa's monthly rate of private sector credit expansion in September

Previous : 5.86% Forecast : 5.85%

Published Value 6.03%

14:01:39

South Africa's annual M3 money supply rate in September

Previous : 6.18% Forecast : -

Published Value 6.07%

14:01:13

The Nikkei 225 index closed at 51,301.07 points today, up 2.15%.

14:00:58

[Allianz: Bank of Japan May Avoid Giving the Impression of Holding Rates Unchanged indefinitely] Gregor Hirt, an analyst at Allianz Global, said he expects the Bank of Japan to keep its policy rate unchanged at 0.5% this week, but Kazuo Ueda may try to avoid giving the impression that the central bank will keep rates unchanged indefinitely. In a commentary, he said that while the Bank of Japan seems to be preparing for a rate hike, domestic political uncertainty, international trade tensions, and delayed releases of US economic data all pose challenges to a rate hike. Given the stable Japanese economic data and the undesirable prospect of further yen weakness, the Bank of Japan is expected to lay the groundwork for the next rate hike. He stated that a rate hike is likely to occur in December, but there is a risk of it being delayed until January.

14:00:50

With the Federal Reserve's interest rate decision imminent, the USD/JPY pair is retesting its previous high. Details>

13:57:56

South Korean President Lee Jae-myung: Will ensure steady progress in South Korea's defense spending.

13:57:46

[The energy storage concept has expanded its intraday gains, with Sungrow's total market value exceeding 400 billion yuan.] The energy storage concept has expanded its intraday gains, with Sungrow rising by more than 15%, and its total market value exceeding 400 billion yuan. Previously, Tongrun Equipment and Kelike hit their daily limit, while Haibosichuang and Aero Energy rose by more than 10%. Kelong Electronics, Jinlong Technology, Sineng Electric, Siyuan Electric, and Yuneng Technology were among the top gainers.

13:54:08

[Research Report: Global AMOLED Smartphone Panel Shipments Reached 250 Million Units in Q3, Up 11.7% Year-on-Year] A CINNO Research report indicates that with the arrival of the traditional peak sales season in the third quarter, Apple and major domestic brands have launched a series of flagship products, significantly boosting market demand for OLED panels. Global AMOLED smartphone panel shipments are projected to reach approximately 250 million units in the third quarter of 2025, representing a year-on-year increase of 11.7% and a quarter-on-quarter increase of 20.3%, achieving double-digit growth both year-on-year and quarter-on-quarter, indicating a continued recovery in market sentiment.

13:53:57

[Trump Criticizes Fed Chair Jerome Powell Again During South Korea Visit] President Trump criticized the Federal Reserve again on Thursday, targeting Fed Chair Jerome Powell for allegedly delaying interest rate cuts. Speaking in Gyeongju, South Korea, Trump said, "Jerome 'Too Late' Powell," a remark that drew laughter from numerous business executives and leaders in attendance at the APEC CEO Summit. Trump added, "We won't have a Fed that raises rates because it's worried about inflation over the next three years." This may indicate he is beginning to acknowledge that inflation could eventually accelerate. Trump stated that he expects the U.S. economy to grow by 4% in the first quarter of 2026, a rate significantly higher than analysts' expectations.

13:53:41

US President Trump: We are good at making other things, but we are not good at shipbuilding. Shipbuilding is very necessary

13:53:30

South Korean President Lee Jae-myung: South Korean companies will continue to invest in the United States, and we will continue to support cooperation and efforts in the United States to revitalize its manufacturing and shipbuilding industries.

13:48:43

South Korean President Lee Jae-myung: I hope Trump will allow us to have the fuel needed for nuclear-powered submarines.

13:48:27

CEO of Tokyo Gas: Whether to undertake the Alaska LNG project ultimately depends on whether the terms and economic benefits are favorable. There will be no supply problems with Russia's Sakhalin-2 LNG project in the short term. We will consult with the Japanese government on future purchases of the Sakhalin-2 LNG project. We aim to establish a more predictable shareholder return policy based on a progressive dividend policy.

13:47:39

Japan's Komatsu Corp said U.S. tariffs will reduce its profit by 55 billion yen this fiscal year, compared with a previous estimate of a 75 billion yen reduction.

13:47:26

South Korean President Lee Jae-myung: South Korea will enhance its defense capabilities by increasing defense spending.

13:47:19

Gold rebounded slightly ahead of the Fed's decision, but the correction is not yet over and it is expected to remain range-bound. Details>

13:43:54

Fitch maintains Korea Export-Import Bank's "AA-" rating; outlook stable.

13:42:51

The Nikkei 225 index has just broken through the 51,300.00 mark, currently trading at 51,295.03, up 2.14% on the day.

13:41:55

[Ministry of Ecology and Environment: Expanding the Coverage of the National Carbon Emission Trading Market to Basically Cover Major Emissioning Industries in the Industrial Sector by 2027] On October 29, the Ministry of Ecology and Environment held its regular press conference for October. Xia Yingxian, Director of the Department of Climate Change, stated that the construction of the national carbon market will be accelerated. First, the coverage of the national carbon emission trading market will be expanded, basically covering major emissioning industries in the industrial sector by 2027. Second, quota control and paid allocation will be implemented. Based on national greenhouse gas emission control targets and the requirements of dual carbon emission control, the focus will gradually shift from intensity control to total quota control, steadily promoting a combination of free and paid carbon emission quota allocation, and orderly increasing the proportion of paid allocation. Third, quotas will be gradually tightened. The coordination between the national carbon emission trading market and industrial policies will be strengthened to enhance the scarcity of quotas, promote more accurate and comprehensive carbon prices that reflect my country's emission reduction costs, and provide clearer price signals for key industry structural optimization and green and low-carbon transformation. Fourth, the construction of a voluntary emission reduction trading market will be accelerated. Fifth, we will strive to enhance the vitality of the national carbon market. We will explore and develop green financial products and services related to carbon emission rights and certified voluntary emission reductions, gradually enrich the types and number of trading entities, and strengthen market transaction supervision. We will establish a scientific and comprehensive methodological system, accelerate the development of methodologies in key areas, and effectively serve the social responsibility for emission reduction and the transformation of ecological value based on the "Two Mountains" theory.

13:41:42

[Ministry of Ecology and Environment: Accelerate the Expansion of Market Support and Encourage All Sectors to Explore Advanced Low-Carbon, Zero-Carbon, and Even Negative Carbon Technologies] On October 29th, the Ministry of Ecology and Environment held its October regular press conference. Xia Yingxian, Director of the Department of Climate Change, stated that the national voluntary greenhouse gas emission reduction trading market has entered a critical stage of rapid development. The Ministry will continue to use the voluntary emission reduction trading market to stimulate the enthusiasm of all sectors of society to participate in greenhouse gas emission reductions and promote the transformation of ecological value. First, we will accelerate the expansion of market support areas, establish a high-standard methodology for my country's voluntary emission reduction trading market, and encourage all sectors of society to explore advanced low-carbon, zero-carbon, and even negative carbon technologies. Second, we will improve and perfect the data quality supervision mechanism, enhance the information and intelligent level of data quality supervision, strengthen the capacity building of market entities, and provide high-quality carbon credit products to the public. Third, we will deepen international exchanges and cooperation, coordinate and connect with the international carbon market, and further enhance the international influence of my country's carbon market.

13:41:25

According to Yonhap News Agency: South Korean and U.S. leaders begin extensive talks.

13:39:56

[5GAA and IMT-2020 (5G) Promotion Group Renew Cooperation Memorandum in Shanghai] On October 22, 2025, the 5G Automotive Alliance (5GAA) and the IMT-2020 (5G) Promotion Group renewed their Memorandum of Understanding (MoU) in Shanghai, China. Christof Schmidt, Chairman of the 5GAA Board of Directors, and Wang Zhiqin, Head of the IMT-2020 (5G) Promotion Group, signed the agreement as representatives of both parties. This renewal signifies the continued deepening of cooperation between the two sides in promoting the global commercialization of 5G and C-V2X vehicle-to-everything (V2X) technologies and industries. (China Academy of Information and Communications Technology)

13:39:37

According to Yonhap News Agency, Trump was awarded the Grand Order of Mugunghwa (South Korea's highest honor), setting a precedent for US presidents.

13:36:41

Thailand's Finance Minister: Supervision of illicit financial flows will be strengthened by December.

13:31:37

[Ministry of Transport: "Ten-Hundred-Thousand" Innovation Action for Artificial Intelligence + Transportation Fully Launched] Xu Wenqiang, Director of the Science and Technology Department of the Ministry of Transport, stated at a press conference on October 29 that accelerating innovative application scenarios is the core approach to carrying out the "Artificial Intelligence + Transportation" action. The Ministry of Transport will focus on both scenario application as the driving force and technological innovation as the driving force, exerting efforts on two levels to systematically promote the large-scale innovative application of artificial intelligence technology in the transportation sector. Specifically, regarding pilot demonstration applications, the Ministry of Transport has fully launched the "Ten-Hundred-Thousand" Innovation Action for Artificial Intelligence + Transportation, systematically promoting scenario opening and demonstration applications.

13:31:29

The Shenzhen Component Index has just broken through the 13600.00 mark and is currently trading at 13600.37, up 1.27% on the day.

13:30:29

The Nikkei 225 index has just broken through the 51,400.00 mark, currently trading at 51,402.91, up 2.36% on the day.

13:29:51

Thailand's Ministry of Finance: Will discuss with the United States reducing tariffs on some Thai products

13:26:01

Thailand's Finance Minister: Thailand is not manipulating its currency and the central bank can use tools to manage the exchange rate without intervention

13:25:45

A report released by Deloitte on Wednesday shows that Trump's tariffs will increase operating costs for businesses in 2026, disrupt supply chains, and dampen investment momentum in the oil and gas industry.

13:25:29

Uallace Moreira, secretary of Brazil's Ministry of Development, Industry, Trade and Services, said on Tuesday that some automakers' operations in Brazil could cease within two to three weeks if the global chip supply crisis continues.

13:22:37

US President Trump said on the presidential plane from Tokyo to South Korea that the Middle East peace process has entered the second phase, but did not explain the expectations for the new phase of the Middle East peace process.

13:20:46

US President Trump: Hyundai has pledged $26 billion, Micron has pledged $200 billion, and SoftBank, OpenAI, and Oracle have pledged over $500 billion.

13:20:17

Sources indicate that the joint venture between Indian Oil Corporation and Vitol Energy Group is expected to be located in Singapore.

13:16:52

[Nvidia to Sign AI Chip Supply Agreements with Samsung and Other South Korean Companies] According to Yonhap News Agency, citing sources, US tech giant Nvidia will supply artificial intelligence (AI) chips to South Korean companies including Samsung Electronics and SK Group. Sources revealed that Nvidia will sign supply agreements with four companies: Samsung Electronics, SK Group, Hyundai Motor Group, and Naver, and will announce the details on Friday. Hwang In-hoon will meet with Hyundai Motor Group President Chung Eui-sun and Samsung Electronics Chairman Lee Jae-yong in Seoul on Thursday; SK Group Chairman Chey Tae-won may also attend. Previously, in an interview in the US, Hwang In-hoon stated that he hoped to announce some "very, very happy" news with South Korean partners during his visit to South Korea this week.

13:16:07

Spot platinum has just broken through the $1570.00/oz mark, and is currently trading at $1569.94/oz, down 0.08% on the day; Nymex platinum futures are currently trading at $1571.4/oz, down 0.85% on the day.

13:16:07

The Nikkei 225 index has just broken through the 51,300.00 mark, currently trading at 51,304.66, up 2.16% on the day.

13:13:43

[Photovoltaic equipment sector gains widen in the afternoon, with Canadian Solar hitting the 20cm daily limit] The photovoltaic equipment sector saw gains widen in the afternoon, with Canadian Solar hitting the 20cm daily limit. Tongrun Equipment had previously hit the daily limit, while LONGi Green Energy and Hongyuan Green Energy rose by more than 9%, and Jinko Solar and Tongwei followed suit.

13:11:56

The Commonwealth Bank of Australia stated that with increasing market speculation that the Reserve Bank of Australia may keep interest rates unchanged for an extended period, and with market expectations for the size of government bond issuance revised downward, the Australian government bond yield curve is expected to reach its flattest level since February.

13:11:39

Analysis of satellite imagery, shipping data and customs records shows that steel tycoon Lakshmi Mittal's Indian energy joint venture purchased Russian oil transported by sanctioned vessels from the Arctic port of Murmansk to the Gulf of Oman between July and September.

13:11:05

Spot Gold Faces a Key Support Test: 1. Technical analysts suggest that spot gold prices may retest the $3,885 support level. A break below this level would open further downside potential, targeting $3,798. The C-wave correction from the $4,151 high is not yet complete and is expected to extend to its 100% projection at $3,798. 2. Wave C consists of five sub-waves, with Minor Wave 4 currently appearing to end near $3,982. Next, Minor Wave 5 is expected to push gold prices towards $3,798. However, if gold breaks through the $3,982 resistance level, a rebound to the $4,026-4,080 range is possible. 3. On the daily chart, gold has broken below the $4,004 support level, paving the way for a further decline towards $3,772. The mild rebound on the hourly chart appears more like a retracement following the break below $4,004 than a trend reversal. 4. Overall, this correction is a reaction to the long-term upward trend that started at $1810. Mathematical analysis suggests this correction could extend as far as the 38.2% retracement level at $3397. Investors need to closely monitor these key levels to determine the market's next move.

13:07:13

[China Marine Economy Development Report 2025 Released] Recently, the National Development and Reform Commission and the Ministry of Natural Resources released the "China Marine Economy Development Report 2025" (hereinafter referred to as the "Report"). The Report summarizes the development of the national and coastal marine economy in 2024. Over the past year, breakthroughs have been achieved in various aspects of the marine economy. The national gross marine product reached 10.5 trillion yuan, the scale of the marine economy continued to expand, the marine industrial structure accelerated its adjustment, the marine science and technology innovation capability was significantly enhanced, the level of intensive and economical utilization of marine resources continued to improve, and effective work was achieved in marine ecological protection, restoration, and early warning monitoring. Furthermore, the opening up and cooperation of the marine economy with foreign countries continued to deepen.

47

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Real-Time Popular Commodities

Instrument	Current Price	Change
XAU	3993.95	-7.21 (-0.18%)
XAG	47.902	-0.157 (-0.33%)
CONC	60.26	-0.79 (-1.29%)
OILC	64.09	-0.72 (-1.12%)
USD	99.907	0.043 (0.04%)
EURUSD	1.1515	-0.0004 (-0.03%)
GBPUSD	1.3085	-0.0054 (-0.41%)
USDCNH	7.1254	0.0010 (0.01%)

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