Usd index oscillates at a high level, gold returns to 2660! Fed's Powell said that the monetary policy still remains restrictive, market increases bets on the PBOC to cut interest rates by 50 basis points significantly, the United States guarantees that Israel will reduce attacks on Lebanon... What major events happened globally last night and this morning?
Today's selection.
Fed's Daly: Monetary policy still remains restrictive.
Market increases bets on large 50 basis points rate cut by Bank of Canada.
Lebanon receives assurance from the United States, Israel to reduce attacks.
North Korea blows up part of North-South communication channels.
State Council Information Office to hold real estate related press conference on October 17.
The China Banking and Insurance Regulatory Commission and the National Development and Reform Commission: establish a coordination mechanism to support financing for small and micro enterprises.
The Ministry of Finance and other three departments: all revenue from the water resources tax belongs to the local authorities.
Shenzhen Stock Exchange strengthens the supervision of programmatic trading.
Market inventory.
On Tuesday, due to market expectations that the Fed will gradually cut interest rates in the next year and a half and Trump will win the election to boost the dollar, the dollar index continued to rise, reaching a two-month high, eventually closing up 0.01% at 103.23. The benchmark 10-year US Treasury yield closed at 3.0374%; the more sensitive two-year US Treasury yield closed at 3.9560%.
Boosted by the decline in US Treasury yields, spot gold rose slightly on Tuesday, ultimately closing up 0.51% at $2662.27 per ounce. Spot silver closed up 0.87% at $31.48 per ounce.
Due to easing concerns about disrupted Iranian supplies and weakening demand prospects, international oil prices fell. WTI crude oil closed down 1.36% at $70.96 per barrel; Brent crude oil closed down 0.57% at $74.64 per barrel.
The Dow Jones fell by 0.75%, the S&P 500 index dropped by 0.76%, and the Nasdaq fell by 1%. The Philadelphia Semiconductor Index fell by over 5%, Nvidia (NVDA.O) dropped by 4.6%, AMD (AMD.O) dropped by 5%, ASML (ASML.O) dropped by 16%. The Nasdaq Golden Dragon Index fell by 5.9%, Alibaba (BABA.N) dropped by 5.5%, and JD.com (JD.O) fell by 9%.
Most major stock indexes in Europe closed down, with the German DAX30 index falling by 0.11%; the UK FTSE100 index fell by 0.52%; the Euro Stoxx 50 index fell by 1.87%.
The main stock indexes in Hong Kong opened low and finished lower for the day, with the Hang Seng Index falling near the 20-day moving average. As of the close, the turnover of the Hang Seng Index reached 261.288 billion Hong Kong dollars; the Hong Kong Hang Seng Index fell by 3.67%, and the Hang Seng Tech Index fell by 4.65%. In terms of sectors and individual stocks, large technology stocks, major financial stocks, and stocks starting with middle letters mostly declined, with Meituan (03690.HK) plunging nearly 7%, China Merchants (06099.HK), and New China Life Insurance (01336.HK) both dropping by over 8%; auto stocks also struggled throughout the day, "We Small Li" saw declines of over 6% throughout the day, with Nio Inc (09866.HK) dropping by over 10% at one point during the day.
The three main indexes in the A-share market fluctuated and fell. By the close, the Shanghai Composite Index fell by 2.53%, the Shenzhen Component Index fell by 2.53%, and the ChiNext Price Index fell by 3.22%. Overall, sectors across the board experienced declines, with diversified finance, brokerages, and oil sectors leading the losses; the defense and military industry sector showed a slightly stronger trend, with Hwa Create Corporation, Raeton Micro Power, and others hitting the limit up. Approximately 4,300 individual stocks in the two markets declined, with the total turnover exceeding 1.6 trillion yuan.
International News
1. Fed's Daley: The Fed's monetary policy remains restrictive and is working to reduce inflation.
2. Canada's inflation slows more than expected, the market is betting heavily on the Bank of Canada making a significant 50 basis point rate cut.
3. Israel holds a security consultation meeting to reach a consensus on how to respond to Iran. Israeli Defense Minister Gantz: We have no intention of opening more fronts.
Lebanon has received assurances from the United States that Israel will reduce its attacks on Lebanon.
North Korea destroyed part of the North-South Korean communication channels, and the South Korean military subsequently conducted counter-shooting south of the military demarcation line; North Korea claims to have solid evidence that the South Korean military is the mastermind behind the drone infiltration into Pyongyang incident; Around 1.4 million young alliance officers and youth students in North Korea signed up to join the army or return to duty.
IEA lowers this year's demand expectations, Israel decides to take a more limited retaliation against Iran, and international oil prices suffer a double blow.
The three major EU institutions are calling for the acceleration of the implementation of T+1 settlement cycle.
The United States is considering restricting NVIDIA, AMD, and others from selling AI chips to countries in the Persian Gulf region.
Apple's stock price hits a new intraday record high, with a total market value reaching $3.61 trillion at one point.
ASML lowered its 2025 net sales and gross margin guidance, and U.S. stocks fell 14% during regular trading hours.
Domestic News
The State Council Information Office will hold a press conference on Thursday to promote the stable and healthy development of the real estate market.
The China Banking and Insurance Regulatory Commission and the National Development and Reform Commission held a meeting to deploy the establishment of a coordination mechanism to support the financing of small and micro enterprises by local governments.
The Ministry of Finance and two other departments: From December 1st, the pilot reform of water resource fees will be fully implemented, and all water resource tax revenue will be allocated to local governments.
The Shenzhen Stock Exchange strengthens the supervision of programmatic trading, and brokerages must complete the reporting of new accounts by Friday.
Ministry of Commerce: Continued anti-dumping duties on imported iodoform originating from the United States and Japan, with an implementation period of 5 years.
The Ministry of Foreign Affairs: China is concerned about the situation on the Korean Peninsula and the development of inter-Korean relations. The tense situation on the peninsula is not in line with the common interests of all parties, and the immediate priority is to prevent further escalation of conflicts.
Recently, there have been reports online about a joint-stock commercial bank issuing a notice to investors who have entered the market with loans, requesting the relevant borrowers to repay all funds within one month.
Chengdu: Newly purchased homes are no longer subject to sales restrictions, and can be listed for trading upon obtaining the certificate.
Risk warning.
The next day at 02:40, Christine Lagarde, the President of the European Central Bank, delivered a speech at the official dinner of the Bank of Slovenia.
The next day at 04:30, the United States released the API crude oil inventories for the week ending on October 11, with the previous value at 10.958 million barrels.
