Hot news

[Expectations of interest rate cuts from major central banks around the world have increased, and European and American bond yields have plummeted]

The yield on the US 10-year benchmark Treasury note fell below 4% during the intraday period. The cooling of UK inflation opened up room for interest rate cuts, causing two-year British bond yields to fall by more than 11 basis points.

[Spot gold strengthened on Wednesday, and the intraday period is only one step away from its all-time high]

Expectations of interest rate cuts from central banks around the world increased, US bond yields fell to a one-week low, risk aversion was heightened by ongoing geopolitical conflicts, and the gold industry association LBMA was bullish on gold and silver, all supporting spot gold to rise more than 0.4% on Wednesday. The intraday high of $2685.35 is only one step away from the all-time high of $2685.58.

[China Electromechanical Chamber of Commerce: Opposes separate price commitments between the European Commission and some electric vehicle companies]

The China Electromechanical Chamber of Commerce said that it has taken note of related reports that while consulting with China, the European Commission is also individually negotiating price commitments with some companies. This will destabilize the basis and mutual trust of the negotiations, and interfere with the negotiations between the two sides.

Global Markets

The three major US stock indices collectively closed higher last night. By the close, the Dow rose 0.79% to 43077.70 points, another record closing high; the NASDAQ rose 0.28% to 18367.08 points; and the S&P 500 rose 0.47% to 5842.47 points.

Most of the big tech stocks fell; Intel and Meta fell more than 1%; Amazon, Google, Microsoft, Netflix, and Apple fell slightly; Nvidia rose more than 3%, and Tesla rose slightly.

Popular Chinese securities had mixed ups and downs, and the Nasdaq China Golden Dragon Index rose 0.93%. iQiyi rose more than 2%, Baidu, Bilibili, and JD rose more than 1%, and Full Truck Alliance and Alibaba rose slightly.

The three major indices of Hong Kong stocks were collectively adjusted on Wednesday. At the close, the Hang Seng Index fell 0.16% to close at 20286.85 points; the Technology Index fell 1.09% to close at 4402.37 points; and the State-owned Enterprises Index fell 0.14% to close at 7267.98 points.

Judging from market performance, real estate, gold, infrastructure, and banking stocks had the highest gains, while petroleum and pharmaceutical stocks weakened.

Company news

Alcoa: adjusted profit before interest and tax of $0.455 billion for the third fiscal quarter, analysts' expected $0.904 billion; sales for the third quarter were $2.9 billion, and analysts expected $2.98 billion; adjusted earnings per share for the third fiscal quarter were $0.57, and analysts expected $0.25; still predicts annual aluminum shipments of 2.5 million to 2.6 million tons; expected annual aluminum shipments of 12.9 million to 2.6 million metric tons 13.1 million metric tons.

Boeing: According to people familiar with the matter, the company is considering raising around $15 billion through the issuance of shares and mandatory convertible bonds.

Apple: According to people familiar with the matter, Carol Surface, the company's chief of personnel, who has been in office for less than two years, is leaving his job.

General Motors: $0.625 billion will be invested in one of the largest lithium mines in the US to strengthen the automaker's efforts to ensure the supply of metal for electric vehicle batteries.

China Life Insurance (02628): The net profit for the first three quarters is expected to be about 101.135 billion yuan to 108.767 billion yuan, an increase of about 165% to 185% over the previous year.

China Taibao (02601): The cumulative original premium income of Pacific Life Insurance and Pacific Financial Insurance in the first 9 months was 209.593 billion yuan and 159.819 billion yuan respectively, up 2.4% and 7.7% year-on-year respectively.

China Coal Energy (01898): Commercial coal sales in the first 9 months were about 0.2055 billion tons, a year-on-year decrease of 4.3%. Among them, commercial coal sales in September were 24.61 million tons, up 18.5% year on year.

Qingang Co., Ltd. (03369): The total throughput in the first 9 months was 0.3 billion tons, up 1.47% year on year.

China Construction International (03311): The subsidiary plans to establish a joint venture in Beijing to engage in sewage treatment and recycling, water pollution control, and municipal facilities management, with a total registered capital of 0.761 billion yuan.

China Software International (00354): Multiple Hongmeng projects launched to accelerate financial business innovation.

VIVA GOODS (00933), Offeror Longyue Consumer Products Co., Ltd. and Baoshilong International (00592): Jointly announced that on October 14, Extraordinary Board of Directors and Offeror Board of Directors requested Baoshilong's board of directors to propose to plan shareholders that the offender privatize Baoshilong through an agreement arrangement in accordance with Section 99 of the Company Law.

Key data

17:00 Eurozone Harmonized CPI Annual Rate for September - Final Value without Seasonally Adjusted

20:15 Eurozone ECB key refinancing rates for October

20:30 US Philadelphia Federal Reserve Manufacturing Index for October, monthly retail sales rate for September, annual retail sales rate for September, number of jobless claims for the week ending October 12

21.15 Monthly rate of US industrial output in September, monthly manufacturing output rate in September

23:00 Changes in US EIA crude oil inventories for the week ending October 11

Financial events

20:15 ECB announces interest rate decision.

At 20:45 ECB President Lagarde held a press conference on monetary policy.