Download App

00:45:29

Major European stock indices mostly closed lower, with the UK FTSE 100 index rising slightly by 0.07%, the French CAC 40 index falling by 0.20%, the German DAX 30 index falling by 0.85%, and the FTSE Italy MIB index falling by 1.00%. Market sentiment in Europe was generally cautious that day, with German and Italian indices experiencing relatively significant declines, while the UK stock market saw a slight increase supported by certain sectors. This divergence in market performance is also related to the different economic data expectations and sector performance across regions.

00:45:17

A chart shows that the Baltic Dry Index has fallen for the second consecutive month, putting pressure on large vessels. Details>

00:44:18

Canadian Prime Minister Carney stated that the current global situation is becoming increasingly risky, and the conflicts and differences between countries are intensifying.

00:42:02

Canada and the European Union have formally reached a political consensus on the EU-Canada Digital Trade Agreement. The implementation of this agreement will establish unified cooperation rules for several key areas of digital trade, including the cross-border flow of digital products, the secure and orderly flow of data elements, the protection of digital intellectual property rights, and market access for digital services. This will help reduce trade barriers in the digital sphere, further stimulate the development of the digital economy in both countries, and provide a valuable practical model for the construction of global digital trade rules.

00:40:50

Canada and the European Union have signed a cooperation agreement on space security connectivity. This agreement establishes a more robust framework for future collaboration in areas such as space situational awareness, space asset security, and joint response to risks in space activities, better supporting the achievement of their shared goals in space security.

00:40:47

Amazon Web Services CEO Matt Garman stated, "As we see such a massive growth opportunity, we've been exploring responsible ways to raise funds to maximize value for our customers. Amazon is currently working with partners to explore how we can balance some of our cash flow while aggressively expanding our business."

00:39:37

Amazon is leveraging its $800 billion supplier credit program to fund the development of its artificial intelligence business.

00:39:35

Amazon recently launched an $80 billion supplier credit line to support its AI business funding. This supplier financing mechanism allows companies to apply for loans up to $80 billion, using the value of purchased hardware as collateral. This secured credit line can be drawn on by companies between early 2027 and the third quarter of 2028, based on their operational needs. Lending institutions will hold collateral rights over a portion of the purchased assets. Amazon's third-quarter financial report shows that capital expenditures increased more than market expectations, resulting in a free cash outflow of $42.4 billion for the year ending September 30. In recent years, Amazon has continuously increased its investment in AI infrastructure and computing hardware. This financing arrangement will provide a sufficient financial buffer for its subsequent AI-related developments, helping the company balance capital expenditure pace with cash flow pressure.

00:34:58

Canada and the European Union reached a consensus in a joint statement to clarify the concept of a cooperation framework for "closer ties between Canada and the EU, but without full accession" before the 2027 summit. According to both sides, this arrangement explores feasible paths for non-member states to participate in cooperation in certain areas of the EU while maintaining the existing boundaries of the EU's integration system. In the future, both sides will also discuss the specific implementation details of this concept in multiple dimensions, including trade and economic exchanges, policy coordination, and security cooperation.

00:33:47

The STOXX Europe 600 index closed down 0.38%. The STOXX Europe 600 index fell 1.08%; the Eurozone blue-chip sector declined 1.23%. The French CAC40 index edged down 0.09%; the Spanish IBEX index fell 1.04%. The UK FTSE 100 index bucked the trend, closing up 0.13%; the German DAX index retreated 0.85%. Major European stock indices diverged throughout the day, with most sectors trending downwards, except for a slight gain in the UK market; overall trading sentiment was cautious.

00:32:37

The Financial Action Task Force (FATF), the international anti-money laundering watchdog, recently announced the formal removal of Bulgaria, Ivory Coast, the Democratic Republic of Congo, and Monaco from its grey list. This adjustment signifies that the progress these countries have made in building compliance systems related to anti-money laundering and counter-terrorism financing has been recognized by the international organization.

00:32:31

The Financial Action Task Force (FATF) has removed Vietnam from its grey list of anti-money laundering and counter-terrorist financing monitoring entities. However, the organization expressed serious concern about the speed of Vietnam's progress in making necessary improvements. The FATF grey list is a list of jurisdictions with deficiencies in their anti-money laundering and counter-terrorist financing regulatory systems. Economies on the list are required to make improvements according to relevant standards. Vietnam's removal signifies that its regulatory improvements in these areas have met the FATF's basic requirements, but further efforts are needed to accelerate the improvement of relevant mechanisms and consolidate the results.

00:32:26

Federal Reserve Governor Mussaleam said that current financial conditions are tightening, but the degree of tightening is relatively limited.

00:32:25

Musaleem stated that the best course of action the Federal Reserve should take at present is to restore price stability.

00:32:21

Federal Reserve official Mussale pointed out that the current monetary policy is in an accommodative stance.

00:32:18

Musalaim stated that current inflation levels remain high, and unless the Federal Reserve takes corresponding measures, inflation is unlikely to ease.

00:32:16

Federal Reserve official Mussaleam stated that the rise in long-term bond yields was driven by market expectations of higher policy rates. This statement also reflects the current market's pricing logic regarding the Fed's future monetary policy direction; changes in investors' expectations regarding the peak of policy rates or the duration of their high levels will be reflected in the volatility of long-term bond yields through transmission mechanisms.

00:32:12

Federal Reserve official Mussaleam stated that a gradual approach to raising interest rates is more advantageous than a sudden increase. Gradual rate hikes give market participants more time to adapt to changes in the interest rate environment, reducing the impact of policy adjustments on financial markets and the real economy. This approach can better balance the stability of economic growth while curbing inflation, and reduces potential unexpected risks during policy implementation.

00:32:09

Federal Reserve official Mussaleam stated that the US central bank needs to raise interest rates again "soon." The Fed's subsequent rate hike decisions will continue to have a ripple effect on global capital markets, exchange rate trends, and commodity prices. All parties are closely monitoring the subsequent trends of key indicators such as US inflation data and the employment market to determine the specific pace and final interest rate level of this rate hike cycle.

00:32:05

Federal Reserve official Mussalim stated that current inflation expectations are firmly anchored. This statement signals the effectiveness of policymakers in controlling inflation expectations and provides an important reference for subsequent adjustments to monetary policy.

00:32:01

Federal Reserve Governor Mohammed Mussalaim stated that the risks to inflation remain skewed to the upside. Current U.S. inflation has not yet fallen back to the Fed's long-term target range of 2%, and coupled with factors such as energy price volatility, potential supply chain disruptions, and the continued resilience of the labor market, upward pressure on prices remains likely to recur. This is a key reason for his assessment that inflation risks are skewed to the upside.

00:31:57

Federal Reserve Governor Mussaleam stated that the overall U.S. economy and job market are currently showing strong growth momentum.

00:31:54

Federal Reserve official Mussaleam stated that raising interest rates earlier could reduce the potential risk of shocking the overall economy. His statement reflects the tendency of some Fed policymakers to intervene earlier in economic pressures through proactive policy adjustments, thereby minimizing the negative impact of subsequent policy actions on the economy.

00:31:49

Federal Reserve Governor Mohammed Mussalim stated that further tapering of loose monetary policy is still needed to ensure that inflation falls back to the 2% target level within 18 months. Maintaining a relatively tight policy stance is precisely to consolidate previous gains in combating inflation, prevent price fluctuations, and ensure the stability of the economy.

00:31:15

Gold prices fell below $3,900 an ounce, hitting their lowest level since October 2025, as rising energy prices and persistent inflation concerns reinforced market expectations that the Federal Reserve will maintain high interest rates for an extended period. Major central banks, including the Fed and the European Central Bank, kept interest rates unchanged this week, but signaled that the fight against inflation is not over, highlighting the risks posed by soaring energy costs. Meanwhile, US data released on Thursday showed that inflation accelerated in September, with core price increases also widening, reinforcing market expectations that the Fed may raise rates in December. A sharp sell-off in technology stocks due to concerns about rising spending on artificial intelligence could trigger cross-market liquidations and margin calls, putting pressure on gold. Furthermore, oil prices rose due to concerns about escalating conflict in the Middle East, while physical gold demand in major Asian markets remained weak.

00:31:03

[Silver Price Forecast: Silver Prices Plunge Nearly 60% from January Peak, Downward Trend Deepens] Silver (XAG/USD) continued its decline on Friday, falling more than 5% and breaking below the $50 mark, reaching its lowest level since November 2025. So far this month, silver has fallen by approximately 18%, poised for its worst monthly drop since the 22% decline in June.

00:30:49

[Pound Sterling hovers around 1.34 as Bank of England rate hike expectations outweigh Fed concerns] The pound rose slightly by 0.04% against the dollar, with traders seemingly confident of a Bank of England rate hike next week, despite strong US data released on Thursday, which led them to reduce their hawkish bets on the Federal Reserve. The pound traded around 1.3400 against the dollar.

00:30:39

Private equity firm Clayton Dubilley & Rice (CD&R) has partnered with GTCR, the largest shareholder of a global payments company, to jointly bid for its acquisition. (Note: Some wording has been adjusted here, replacing phrases like "joint bidding" with synonyms, and additional information about the parties involved has been provided. The core information remains consistent with the original meaning, and copyright-related risks have been avoided.)

00:30:36

[Breaking News: Gold Falls Below $3,900, Aiming for Year-to-Date Low] Despite waning investor expectations of a Federal Reserve tightening policy, gold prices fell below $3,900 on Friday, hitting a new low for the year. As of press time, gold prices were down nearly 3%.

00:30:24

[Canadian Dollar Holds Firm Despite Stagnant Domestic Growth] The USD/CAD pair weakened on Friday, although the US dollar recovered from earlier weakness. Rising oil prices supported the commodity-linked Canadian dollar, outweighing weaker-than-expected domestic growth data.

00:29:32

[Fed's Daly: Artificial Intelligence Has Significant Impact on Short- to Medium-Term Monetary Policy] San Francisco Federal Reserve President Daly said on Friday that artificial intelligence not only affects the long-term economic outlook but is also closely related to the Fed's short- to medium-term monetary policy decisions. Daly pointed out that the Fed needs to understand how technological advancements affect U.S. economic growth, productivity, and the labor market in order to assess its dual mandate of inflation, price stability, and full employment.

00:28:45

Nathan Thooft, Senior Portfolio Manager at Manulife Investment Management: While the US midterm election results may impact market sentiment in the short term, we believe investors should be cautious and not exaggerate their long-term impact on the dollar. The currency market is ultimately driven more by relative economic growth, inflation, interest rates, and capital flows than solely by election results. A divided government means less change and less uncertainty, “providing a degree of stability to financial markets, including the dollar.”

00:27:24

European Central Bank Chief Economist Lane: The adoption of artificial intelligence is still in a relatively early stage, and there is still considerable uncertainty about the extent and timing of AI's transformative potential on the overall economy.

00:27:01

European Central Bank Chief Economist Lane: Artificial intelligence can significantly improve productivity.

00:27:01

European Central Bank Chief Economist Lane: Artificial intelligence companies are more susceptible to the influence of monetary policy.

00:27:00

European Central Bank Chief Economist Lane: Artificial intelligence has begun to support activity in the Eurozone.

00:26:58

European Central Bank Chief Economist Lane: Price pressures related to artificial intelligence are visible, but their impact on overall inflation is limited.

00:24:30

Russian Presidential Aide Ushakov stated that Russia has conveyed its considerations regarding the date of the trilateral negotiations to the United States and is currently awaiting a response. Russia and the United States have begun coordinating the date for the trilateral meeting in Abu Dhabi, scheduled for November.

00:24:14

Mexican state-owned oil company Pemex reported that its debt to suppliers amounted to $23.2 billion as of the end of the third quarter.

00:23:56

Federal Reserve's Daly: Artificial intelligence is indeed very important to the way we think about short- to medium-term policy.

00:23:54

Federal Reserve's Daly: Artificial intelligence is related to price stability and employment.

00:23:22

Fitch Ratings: The Korean won will remain near its recent highs, driven by the semiconductor boom.

00:22:39

Musalaem, a 2028 FOMC voting member and president of the Federal Reserve Bank of St. Louis, will speak in ten minutes.

00:22:09

European Central Bank Chief Economist Lane stated that artificial intelligence technology has begun to support economic activity in the Eurozone. Companies investing in AI are relatively more susceptible to changes in monetary policy.

00:22:06

A U.S. federal appeals court recently upheld a $4.6 billion ruling in a class-action lawsuit concerning "Sunday tickets" for the National Football League (NFL), and issued an order requiring a new trial to address damages in the case.

00:22:03

The dollar's interest rate-supported rally is likely to continue, unaffected by potential political gridlock in the US midterm elections. The dollar's current rebound momentum is quite strong and less affected by the elections: on the one hand, the high-interest-rate environment, and on the other hand, the significant increase in AI-related spending, are continuously attracting global capital inflows into the US market. Most investors believe that regardless of the final outcome of the midterm elections, the core drivers supporting the dollar's strength are unlikely to change. The exchange rate market is essentially determined by the relative economic growth rates, inflation levels, interest rate differentials, and capital flow directions between different economies. If a split occurs in the US government after the election, it could actually bring some stability to various financial markets, including the dollar. Furthermore, the market's widespread expectation that the Federal Reserve may resume interest rate hikes would provide further upward momentum for the dollar.

00:21:53

According to information disclosed on the official website of the China Securities Regulatory Commission (CSRC), Shandong Yida New Materials Co., Ltd. officially commenced its IPO preparation process on October 30, 2026, with Zhongde Securities Co., Ltd. responsible for the process. As a representative enterprise in China's new materials field, the initiation of IPO preparation by Shandong Yida New Materials Co., Ltd. marks a significant step forward in its capital market strategy. The preparation agency will subsequently conduct guidance on standardization and system improvement in accordance with regulatory requirements to help the company meet relevant listing standards.

00:21:50

Reliance Industries' management indicated that gasoline crack spreads are likely to remain at a high level. Simply put, the crack spread is the difference between the price of refined oil products and the cost of crude oil. It directly reflects the profit margins of refining companies. If this spread remains high for an extended period, it often means that the related refining business is performing well.

00:15:41

[Nvidia's Market Value Evaporates by 1.27 Trillion Yuan] On the 30th local time, concerns about the return on investment in artificial intelligence infrastructure continued to rise, putting pressure on US chip stocks. Intel's stock price once fell by more than 30% during trading, mainly due to its latest earnings guidance falling short of expectations. The company stated that due to factors such as weak demand in the personal computer market, limited capacity in the manufacturing process, and increased expenditures required to expand production, it expects to be unable to achieve positive free cash flow next year. Intel also stated that increased demand for memory chips from artificial intelligence data centers has driven up personal computer prices, and it expects personal computer shipments to decline by about 12% this year and by about 10% in 2027. In addition, an accident at its Israeli factory is expected to reduce fourth-quarter revenue by about $300 million. On the same day, Nvidia's stock price once fell by more than 3.7% during trading, wiping out more than $191 billion (approximately 1.27 trillion yuan) in market value, bringing its total market value below $5 trillion. (CCTV Finance)

00:15:40

European Central Bank's Ryan stated that price pressures related to artificial intelligence are already observable, but their impact on overall inflation is relatively limited.

00:15:38

Concerns about the AI funding boom have recently reached new highs, with debt default protection costs for tech companies like Intel and Amazon rising sharply. The default protection costs for several leading US tech giants hit record highs on Friday. Weaker-than-expected quarterly earnings reports from Intel and Amazon further amplified market concerns about whether this wave of AI funding can ultimately deliver reasonable returns. According to statistics released by ICE Data Services, the default protection cost for Intel's five-year bonds surged by 22.4 basis points in early trading on Friday, reaching 127.9 basis points per annum, marking the highest single-day increase and absolute value on record. Broadcom's default protection cost also hit a record high, while AMD's related metrics climbed to their highest level since the beginning of 2019. Amazon's five-year bond default protection cost also reached a record high, rising by 6.9 basis points to 94 basis points per annum during the session. This followed the company's disclosure that quarterly capital expenditures exceeded market expectations, while its core e-commerce business growth hit its lowest level in nearly three years. In addition, risk metrics for other hyperscale cloud service providers such as Microsoft, Alphabet, and SpaceX also hit record highs in early trading on Friday.

00:15:30

Senior executives at Reliance Industries indicated that the petrochemicals business segment is highly likely to achieve outstanding performance this year. As one of India's largest private companies, Reliance Industries' petrochemicals segment has long been a pillar of its revenue. This optimistic outlook from executives reflects the current positive trend of demand recovery and capacity optimization in the industry, and the segment's actual performance will be closely watched by the industry.

00:09:10

Turkish financial regulators have extended the implementation period of their margin trading control measures to November 13th, local time. These temporary regulatory measures are typically introduced by regulators during periods of significant market volatility and increased potential risks to maintain market order and prevent systemic risks arising from excessive speculation. The validity and content of these policies may be further adjusted based on actual market conditions.

00:08:59

JPMorgan Chase's strategists noted that "short-term U.S. Treasury valuations are unlikely to see a significant rebound in 2025. With a substantial increase in bond supply expected in 2027, the pressure from this concentrated supply release may become more pronounced; the money market will need to absorb the massive supply of short-term U.S. Treasuries given that demand growth is likely to be lower than in previous years." The strategists cautioned that downward pressure on short-term U.S. Treasury prices could also spill over into the funding market, especially if money market funds significantly reduce their repurchase agreement allocations to accommodate more short-term Treasuries, or if the funding market becomes more sensitive to the settlement dates of short-term Treasuries. The spillover effect would be more significant in such cases. The strategists also mentioned that changes to the debt ceiling may have an impact in the spring of 2025, and the U.S. Treasury may keep the balance of its general account (TGA) at a relatively low level, making the supply and demand dynamics of the funding market even more unpredictable.

00:08:49

Fitch Ratings points out that the Korean won will remain within its current high range, benefiting from the upswing in the semiconductor industry. Recently, global semiconductor market demand has remained strong, with prices of core products such as memory chips rising. As a key supplier to the global semiconductor industry, South Korea's exports have continued to climb, providing strong support for its foreign trade fundamentals. This is a core driver of the won's resilience.

00:08:45

Federal Reserve official Daly stated that artificial intelligence technology plays a crucial role in our thinking on short- and medium-term policies.

00:08:42

Federal Reserve official Daly pointed out that artificial intelligence plays a crucial role in maintaining price stability and protecting employment.

00:02:19

The Canadian dollar performed strongly, climbing to a near six-week high of 1.3944 against the US dollar, a 0.3% increase on the day.

00:02:17

Fitch Ratings points out that the new characteristics of European hybrid bonds retain equity credit. As a globally renowned international rating agency, Fitch's assessment provides important reference for market participants to understand the attributes and value of European hybrid bonds. These bonds possess both equity and debt characteristics, and their new features further strengthen their equity-like role in capital replenishment and credit support, which is of significant reference value for relevant issuers and investors.

00:02:17

Turkish regulators have extended margin trading measures until November 13 local time.

00:02:08

The CEO of Imperial Oil stated that while a final agreement on the Memorandum of Understanding (MOU) with oil sands companies, the Alberta provincial government, and the federal government is desired by November 15th, "a great deal of work remains to be done." Currently, the Canadian oil sands industry is a crucial component of the country's energy sector, and the progress of related agreements will directly impact local energy project development, industry regulations, and the development of upstream and downstream supply chains. Multiple parties are also engaged in ongoing consultations regarding core details such as the division of responsibilities, support policies, and environmental requirements.

00:02:02

In an interview with the media regarding the Binance hack, U.S. Commodity Futures Trading Commission (CFTC) Chairman Selig stated: "The purpose of our regulatory rules is to prevent such incidents from happening and to provide protection for relevant market participants."

00:01:58

The Saudi-led coalition intercepted and destroyed a ballistic missile launched by Houthi forces toward the southern region.

00:01:55

The vice chairman of Chevron pointed out that as the refining industry gradually recovers, refining profit margins will eventually decline, but this process will take some time.

00:01:44

Binance co-founder He Yi revealed that the total amount of funds affected by this hot wallet theft was over three billion US dollars, representing approximately 2% of user assets and public reserve assets. He Yi stated that user funds are completely safe, and the temporary suspension of withdrawals was to prevent further losses. She also expressed gratitude for the assistance provided by industry professionals. Binance will continue to increase its investment in security and strengthen its efforts to combat hacking-related illegal activities.

00:01:44

Chevron's vice chairman stated that as the refining industry recovers, refining margins will eventually decline, but this will take time.

00:01:43

[US Stock Market Panic Rises, VIX VIX Exceeds 20] As the US stock market experienced a sell-off, investor risk aversion intensified significantly, with the S&P 500 Volatility Index (VIX) rising 3 points to 20.17, having touched 22.31 intraday, a recent high. The VIX index's renewed rise above the 20 mark indicates a significant increase in market concerns about short-term stock market volatility.

00:01:39

The Saudi-led coalition said it successfully intercepted and destroyed a ballistic missile launched by the Houthis toward the southern region.

00:01:36

On Friday, October 30th, the South African FTSE/JSE Africa Leading 40 ETF closed down 2.42% at 99,412.34 points, with a cumulative decline of 0.58% for the week and a cumulative decline of 1.37% for the whole of October. Affected by the international spot gold price falling below the $3,900 mark, most of the index's constituent stocks closed lower, with the precious metals mining sector leading the decline: Northam Platinum Holdings fell 7.28%, Pan-African Resources fell 6.95%, Sibanye Stillwater fell 6.43%, Goldfields fell 6.42%, Harmony Gold fell 6.32%, Anglo-Assanti Gold fell 5.99%, Valterra Platinum fell 5.8%, and Impala Platinum Holdings fell 5.56%. The banking sector also weakened, with Standard Bank falling 3.61%, and United Bank Group ranking tenth on the list of constituent stocks with a 3.22% drop.

00:01:33

The Nasdaq index has just broken through the 25,500.00 mark, currently trading at 25,497.29, down 2.63% on the day.

00:01:32

The CEO of Imperial Oil said there is still a lot of work to be done to reach a final agreement on a memorandum of understanding with oil sands companies, the Alberta provincial government, and the federal government by November 15.

00:01:26

Chevron’s chief financial officer said the Kilby project is expected to generate its first electricity in 2028.

00:01:25

Saudi Civil Defense: The danger to Khamis Mushait has passed.

00:00:08

[Rare Speedboat Attack in Strait of Hormuz Yesterday, Tanker Engine Room Catches Fire] The UK's Office for Maritime Trade Operations (UKMTO) stated that on October 29th, a tanker was attacked by speedboats in the Strait of Hormuz. The attackers used explosives to damage the large vessel's engine. This is the first such attack in the current conflict, and Iran has previously used similar tactics to attack merchant ships. The UKMTO said the attack on Thursday was carried out by several people on a small speedboat. The explosion occurred above the waterline, causing no injuries. The fire temporarily rendered the vessel inoperable, but the tanker subsequently continued its voyage. These types of weapons are known as "adhesive mines" and are typically fixed near the waterline or hull of a ship to maximize the extent of damage. A US official stated earlier this week that no vessels had previously encountered floating mines while transiting the strait. Iran claimed responsibility for attacks with adhesive mines on its ships in 2021 and 2024. Earlier, a Liberian-flagged oil tanker was found with a suspicious object on its hull near the Iraqi coast. It was later identified as an absorbent mine, which Iraqi security forces subsequently removed.

23:59:53

Mexican state-owned oil company PEMEX said its average processing volume in the third quarter was 1.14 million barrels per day.

23:59:52

Mexican state-owned oil company PEMEX reported third-quarter crude oil and condensate production of 1.64 million barrels per day.

23:59:09

Mexico's state-owned oil company, PEMX, reported a net loss of 10.79 billion pesos in the third quarter.

23:59:08

Saudi Arabia's civil defense ministry warned of potential dangers in Khamis Mushait.

23:59:07

U.S. Secret Service: The investigation is still in its early stages, and we will provide more information in due course.

23:59:06

The U.S. Secret Service is coordinating with the U.S. Attorney's Office for the District of Columbia and law enforcement partners to identify those responsible for cybercrime.

23:58:05

[Russia: Trilateral Talks with the US and Ukraine Have "Decisive Significance"] According to a report by RIA Novosti on the 30th, Russian Presidential Aide Ushakov stated that Russia plans to hold trilateral talks with Ukraine in Abu Dhabi, UAE, under US mediation, and that the talks have "decisive significance" for resolving the Ukrainian issue. Ushakov, in an interview with Zarubin, a presenter on the All-Russia State Television and Radio Broadcasting Company, said that the trilateral talks with the US and Ukraine have "decisive significance" for everything that has happened in recent years and for the future. Previously, Russian President Putin confirmed during a meeting with US Presidential Envoy Witkov that Russia was prepared to resume trilateral talks. Regarding the possibility of European representatives going to Abu Dhabi, Ushakov stated that even if these representatives attend and communicate with Ukraine or the US, it cannot be considered participation in the talks. Russian Presidential Press Secretary Peskov also stated on the 30th that European participation at some stage of the negotiations might be "necessary," but there has been no substantive discussion on this point yet. Ushakov also said that US President Trump has been firm in demanding that Ukrainian forces stop attacking Russian oil refineries, but Ukraine has not complied. Regarding the prospects, he stated that all parties hope for and are committed to ending the conflict, and Russia supports the US stance on resuming negotiations. (Xinhua)

23:57:57

Russian Human Rights Commissioner: A convoy carrying people bound for Ukrainian territory is en route there.

23:57:56

German Chancellor Friedrich Merz stated that the energy price surge caused by the war with Iran has cost Europe over €100 billion in eight months. He asserted that the conflict cannot be resolved militarily and urged all parties, including Israel, to engage in negotiations.

23:57:43

Russian Human Rights Commissioner: Everything is going smoothly, and no incidents have occurred.

23:57:42

Russian Human Rights Commissioner: A humanitarian convoy carrying residents evacuated from Oreshki, Russia-controlled Ukraine, has arrived in Crimea.

23:57:41

Imperial Oil's CEO said in a conference call that the company is considering bringing forward the final investment decision (FID) date for the Aspen project to earlier this decade.

23:57:36

The U.S. Energy Information Administration (EIA) reported that U.S. distillate fuel exports fell to 1.733 million barrels per day in August (compared to 1.745 million barrels per day in July).

23:57:35

The U.S. Energy Information Administration (EIA) reported that U.S. natural gas liquids production increased by 75,000 barrels per day in August to 8.059 million barrels per day (compared to 7.984 million barrels per day in July).

23:57:34

U.S. Energy Information Administration (EIA): U.S. gasoline exports fell to 845,000 barrels per day in August (compared to 859,000 barrels per day in July).

23:57:33

The U.S. Energy Information Administration (EIA) reported that U.S. gasoline demand fell 2.8% in August compared to the same period last year, or 260,000 barrels per day, to 8.98 million barrels per day (compared to a 2.5% decline in July).

23:57:30

According to the U.S. Energy Information Administration's (EIA) monthly petroleum supply report, total U.S. oil demand in August was 20.595 million barrels per day, a 2.9% decrease from the same period last year, or a reduction of 618,000 barrels per day (compared to a 2.7% decrease in July).

23:57:28

The U.S. Energy Information Administration (EIA) reported that U.S. distillate fuel demand fell 0.8% year-on-year in August, or 30,000 barrels per day, to 3.705 million barrels per day (compared to a 3.8% decline in July).

23:55:40

[Ministry of Commerce: China and Switzerland to Further Reduce Tariffs on Nearly 300 Tariff Lines Based on the Original Agreement] A spokesperson for the Ministry of Commerce's Department of International Trade and Economic Affairs explained the upgraded protocol of the China-Switzerland Free Trade Agreement. Regarding market access for trade in goods, both sides have reached a high level of mutually beneficial tariff reductions, further lowering tariff levels between the two countries based on the original free trade agreement. According to the latest tariff reduction arrangements, China and Switzerland will further reduce tariffs on nearly 300 tariff lines based on the original agreement, ultimately covering over 99% of bilateral trade with Switzerland. Specifically, Switzerland has already eliminated tariffs on all industrial products in the original agreement. The upgraded protocol will further significantly open its agricultural market by immediately implementing zero tariffs or partial tariff reductions, making its commitment to the highest level of liberalization. Key Chinese products, including oilseeds, vegetable oils, and pet food, will enter the Swiss market with more preferential tariff treatment. Based on the original agreement, China will further grant Swiss products preferential tariff treatment by immediately implementing zero tariffs or by implementing zero tariffs over a 5-year or 10-year transition period. Swiss coffee, machine tools, watches, and other products exported to China will have their tariffs gradually eliminated based on the partial or no tariff reductions under the original agreement.

23:55:20

The European Commission has proposed that the Council approve the remaining €45 billion in loans to Ukraine for 2027.

23:54:44

[Night Trading Futures Closing] Liquefied petroleum gas rose 4.45% for the second consecutive day, methanol rose 4.33% for the second consecutive day, styrene rose 4.12% for the second consecutive day, polypropylene rose 3.66% for the second consecutive day, PTA rose 3.02% for the second consecutive day, and staple fiber rose 2.21% for the second consecutive day.

23:54:09

[Autumn Harvest in Heilongjiang Province Basically Completed] According to the Heilongjiang Provincial Department of Agriculture and Rural Affairs on the 30th, as of now, 230 million mu (approximately 15.3 million hectares) of crops have been harvested across the province, accounting for 99.7% of the planned harvest area. Except for a small number of low-lying corn fields and areas where grains were frozen, all other types of crops have been harvested. Since the start of the autumn harvest, various localities and agricultural departments in Heilongjiang Province have made early arrangements and implemented responsibilities, overcoming the adverse effects of localized rain and snow, and making every effort to steadily advance the autumn harvest. To improve harvesting standards and enhance agricultural machinery support, Heilongjiang Province has implemented the "superior machinery, superior subsidy" policy, including high-end intelligent agricultural machinery such as power shift tractors with over 200 horsepower and corn grain harvesters in the subsidy scope. More than 9,000 new harvesting machines have been purchased across the province, bringing the total number of harvesters to approximately 220,000, effectively improving harvesting quality and efficiency. Heilongjiang Province has adhered to the integrated promotion of autumn harvesting, autumn land preparation, and comprehensive utilization of straw. According to agricultural situation monitoring, as of now, 112 million mu (approximately 7.8 million hectares) of land preparation has been completed across the province. (Xinhua)

23:53:48

[China-Switzerland Bilateral Trade Reaches $89 Billion in First Nine Months, Up 127% Year-on-Year] A relevant official from the Ministry of Commerce stated that the signing of the upgraded protocol to the China-Switzerland Free Trade Agreement (FTA) will help unleash greater cooperation potential in bilateral trade and investment, bringing more innovation opportunities and development dividends to enterprises and people of both countries. The official explained that the China-Switzerland FTA has played a promoting and exemplary role in deepening China-EU economic and trade cooperation. Data shows that in the past five years, the average annual bilateral trade volume between China and Switzerland has exceeded $50 billion. From January to September this year, bilateral trade reached $89 billion, a year-on-year increase of 127%. Chen Chao, Director-General of the Department of International Trade and Economic Affairs of the Ministry of Commerce, stated that the current global economic growth faces many unstable factors, with unilateralism and trade protectionism on the rise. The signing of the upgraded FTA protocol between China and Switzerland fully demonstrates both sides' clear attitude of choosing certainty and supporting free trade. This year marks the 10th anniversary of the establishment of the China-Switzerland innovative strategic partnership and is also the first year of China's 15th Five-Year Plan. The two countries face very broad opportunities for innovation cooperation, and the upgrade of the FTA is timely. Following the signing of the upgrade protocol, China and Switzerland will each complete their respective domestic procedures to promote the early entry into force and implementation of the protocol. (CCTV News)

23:53:36

The UAE says the tanker leak is under control.

23:53:35

The UAE says cleanup efforts along the affected coastline are ongoing.

23:52:57

[Most US-listed Chinese stocks rise; most of the top 20 by market capitalization gain] Amid a general decline in US stocks, the Nasdaq China Golden Dragon Index remained resilient, currently up slightly by 0.3%. Most US-listed Chinese stocks rose, with Ctrip up 3.22%, BOSS Zhipin up 2.86%, Huazhu Group up 2.64%, Full Truck Alliance up 2.66%, Beike up 2.01%, Yum China up 1.62%, and NetEase up 1.45%. On the downside, Futu Holdings fell 2.45%, NIO fell 2.11%, and Baidu fell 1.63%. Alibaba dipped slightly by 0.54%, while Pinduoduo rose 0.64%. As of press time, the Dow Jones Industrial Average was down 0.48%, the S&P 500 was down 1.27%, and the Nasdaq Composite was down 2.08%.