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Real-time News
Beyond Meat (BYND.O) shares fell more than 8% in pre-market trading after the company announced it would delay the release of its third-quarter earnings report to quantify an impairment loss.November 3rd - Regardless of the subsequent suspension and reinstatement of physical gold bar withdrawals by ICBC and CCB, the tightening of gold accumulation services by banks is a fact. Since October, several banks have raised the minimum purchase threshold for gold accumulation services, with some banks raising it to 1200 yuan. However, interviewees generally believe that if other banks subsequently suspend or tighten their gold accumulation services, it may lead to a shift in personal gold investment channels in the short term.On November 3rd, it was reported that Switzerlands annual inflation rate unexpectedly fell to 0.1% in October, down from 0.2% in September. However, Pansen Macro analyst Melanie de Bono stated in a report that the Swiss National Bank (SNB) is unlikely to be swayed by this result. SNB President Schlegel recently stated that the bank expects inflation to rise in the coming months. de Bono pointed out that declining rent inflation and electricity price reductions early next year could push the inflation rate down to -0.3% by February next year. However, since the SNB has stated that it will only lower the key interest rate below 0% if inflation falls below zero in the medium term (such as the end of 2027 or the beginning of 2028), the bank is likely to keep interest rates unchanged in December and maintain policy rate stability throughout next year.On November 3rd, UBS economist Franziska Fischer stated in a report that the Swiss National Bank (SNB) is unlikely to cut interest rates again, as it anticipates insufficient deflationary pressures in the medium term. She noted, "Our interpretation is that the SNB currently views the inflation outlook as consistent with its price stability target and believes the impact of tariff shocks on economic growth will be moderate." Fischer also pointed out that for the SNB to consider negative interest rates, three conditions would need to be met simultaneously: a significant weakening of the Swiss economic outlook, further interest rate cuts by the European Central Bank to narrow interest rate differentials, and continued upward pressure on the Swiss franc. These factors combined would significantly worsen the medium-term inflation outlook. Switzerlands inflation rate in October slightly decreased to 0.1% from 0.2% in September.The U.S. secured overnight funding rate (SOFR) surged 18 basis points to 4.22%, marking its biggest increase in a year.
