EUR/USD
1.16519
0.069%
Gold
3994.03
0.325%
Oil
61.092
-0.403%
USD/JPY
152.741
-0.086%
GBP/USD
1.33408
0.049%
GBP/JPY
203.772
-0.032%
Real-time News
1. All three major U.S. stock indices closed higher, with the Dow Jones Industrial Average up 0.71%, the S&P 500 up 1.23%, and the Nasdaq up 1.86%. Nvidia rose nearly 3%, and Apple rose over 2%, leading the Dow. The Wind S7 Index rose 2.4%, with Tesla up over 4%, Google up over 3%, and Qualcomm up over 11%, reaching a new high since July 2024. Most Chinese concept stocks rose, with Daquan New Energy up over 14% and Xpeng Motors up over 6%. The temporary easing of international trade tensions boosted market confidence. This week, investors focused on the earnings reports of several tech giants and the Federal Reserves interest rate meeting. 2. All three major European stock indices closed slightly higher, with Germanys DAX up 0.28%, Frances CAC 40 up 0.16%, and the UKs FTSE 100 up 0.09%. The basic consensus reached in Sino-U.S. trade negotiations boosted market risk appetite. 3. U.S. Treasury yields fell across the board, with the 2-year Treasury yield down 0.64 basis points to 3.482%, the 3-year Treasury yield down 1.40 basis points to 3.480%, the 5-year Treasury yield down 1.92 basis points to 3.595%, the 10-year Treasury yield down 3.46 basis points to 3.976%, and the 30-year Treasury yield down 5.02 basis points to 4.549%. Market expectations of a Fed rate cut, coupled with a lack of economic data due to the government shutdown, have intensified safe-haven demand. 4. International precious metal futures generally closed lower, with COMEX gold futures down 3.40% to $3,997.00 per ounce and COMEX silver futures down 3.61% to $46.83 per ounce. Expectations of a Fed rate cut have intensified, but easing international political tensions have reduced safe-haven demand. The increasing U.S. government debt burden provides long-term support for gold. 5. The main contract of U.S. oil closed up 0.08% at $61.55 per barrel; the main contract of Brent crude oil fell 0.25% to $65.04 per barrel.On October 28th, Pony.ai announced on the Hong Kong Stock Exchange that it plans to issue 41,955,700 shares (subject to the exercise of the Offer Size Adjustment Option and the Over-allotment Option) for its Hong Kong listing. Unless otherwise announced, the offer price will not exceed HK$180 per share. Trading of the shares on the Hong Kong Stock Exchange is expected to begin on November 6th (the same date as competitor WeRide).According to Japans Asahi Shimbun: Japan and South Korea are coordinating arrangements to hold the first summit meeting between Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae-myung on October 30 during the APEC summit in South Korea.On October 28, WeRide announced on the Hong Kong Stock Exchange that it plans to issue 88,250,000 shares (subject to the exercise of the over-allotment option) in its Hong Kong listing. Unless otherwise announced, the offer price will not exceed HK$35 per share. The shares are expected to begin trading on the Hong Kong Stock Exchange on November 6.On October 28, Hungarian Prime Minister Viktor Orbán stated on October 27 local time that although the meeting between the Russian and US presidents, originally scheduled for Budapest, had been postponed, it would definitely take place there. Negotiations were still ongoing. Orbán also stated that if peace could be achieved in the Russia-Ukraine conflict, energy prices would fall. He stated that Hungary would have to fight to continue importing Russian oil and gas.
