Market Overview - Global financial markets are influenced by shifting monetary policy expectations, geopolitical developments, and varied economic data [2] - Commodity markets, currency pairs, and equity futures are reacting to these influential factors [2] Commodities Sector - Copper prices have declined, with the LME three-month contract dropping to USD 10,669.00 per ton [3] - The decline is attributed to skepticism regarding a potential US Federal Reserve interest rate cut in December, with only a 46% chance of a 25-basis-point cut indicated by the CME FedWatch Tool [3] Geopolitical Developments - The UN Security Council is preparing for a vote on a US-drafted resolution for an International Stabilization Force (ISF) in Gaza, which includes a controversial clause on a "pathway to a Palestinian state" [4] - The proposed ISF is expected to comprise approximately 20,000 troops, with initial deployment anticipated by January 2026 [4] Currency Markets - The Japanese Yen has weakened to a nine-month low against the US Dollar, trading around 154.82 per dollar, driven by uncertainty surrounding the Bank of Japan's rate-hike decisions [5] - The USD/CAD pair is maintaining gains near 1.4050, while the Canadian Dollar struggles due to declining crude oil prices, with WTI trading at approximately $59.30 per barrel [5] US Equity Markets - NASDAQ and S&P 500 futures indicate a higher open, supported by optimism surrounding the anticipated end of a US government shutdown [6] - Donald Trump has reversed his stance, now advocating for a vote to release Jeffrey Epstein files while simultaneously suing the Wall Street Journal for $10 billion [6] Economic Data - Thailand's economy grew by 3.2% year-on-year in Q4 2024, an acceleration from the 3.0% growth in Q3 [7] - Private consumption increased by 3.4% year-on-year, contributing positively to overall economic expansion [8]

Core Points - The Nasdaq experienced its largest intraday comeback since April, driven by Wall Street's buying of technology and artificial intelligence stocks [1] - The Nasdaq Composite rose by 0.1%, while the Dow Jones Industrial Average fell by 309 points, or 0.7%, and the S&P 500 was down 0.1% [2] - At one point, the Nasdaq was down 1.9% before reversing course, marking a significant recovery from its intraday low [3] Market Performance - The Nasdaq Composite's recovery highlights investor confidence in tech stocks despite recent sell-offs [1][3] - The Dow Jones Industrial Average's decline indicates broader market challenges, contrasting with the Nasdaq's performance [2] - The S&P 500's fluctuation, which saw it down 1.3% at its low before recovering, reflects volatility in the market [3] Treasury Yields - The yield on the 2-year Treasury note increased to 3.61%, while the 10-year yield rose to 4.15%, indicating rising interest rates [2]

Core Insights - Asia continues to be the primary growth driver for Nasdaq's international business, with 66 Chinese companies going public this year, primarily in the $6 million to $7 million range, indicating sustained listing demand from China as the world's second-largest economy [1][2] - The IPO market is recovering, with significant contributions from sectors such as healthcare, fintech, cryptocurrency, and AI, highlighting Nasdaq's appeal for tech-oriented companies [2][3] - Nasdaq aims to attract more AI companies, with OpenAI rumored to be considering an IPO in the near future, emphasizing Nasdaq as the ideal listing venue for such firms [4][5] Asian Market Dynamics - Asian regions, particularly Japan and Korea, are emerging as fast-growing IPO markets, with Japan's IPO count nearly doubling this year and stable interest from Korean companies [2][3] - The healthcare sector remains a strong area for Chinese companies looking to list, with some opting for SPAC mergers and direct listings on Nasdaq [3] Competitive Landscape - Nasdaq is competing with global exchanges like Hong Kong and Tokyo for IPOs, focusing on enhancing liquidity, service quality, and technology to attract companies [5][6] - Recent regulatory changes proposed by Nasdaq aim to tighten listing standards, including raising the minimum public float to $15 million and adjusting fundraising requirements for companies primarily operating in China [6]

Core Insights - XRP's market capitalization increased by $10 billion in less than 24 hours, reaching a total of $150 billion as its price rose by 3.6% to $2.50 [1] - The asset experienced a 10% increase over the week, driven by a surge in trading activity to $6.24 billion, which is up more than 51% from the previous session [3] - A significant factor in this growth was the launch of the Canary XRP ETF (XRPC) on November 13, 2025, providing institutions with a regulated entry point to XRP [6] Market Activity - XRP's price strength resumed on November 13, coinciding with the ETF's first trading day [4] - Following the ETF debut, investor positioning shifted rapidly, with traders anticipating competing ETF applications from Franklin Templeton and Bitwise [7] Adoption Trends - Longer-term adoption trends are favorable, with XRP's increasing role in healthcare payment systems and cross-border settlement pilots enhancing its visibility among enterprise and fintech users [8] - The market is now focused on the first inflow and outflow data for XRPC, expected on November 14, which will indicate the strength of demand [8]

Core Points - President Trump is hosting a dinner for Wall Street executives to garner support for his economic agenda [2][4] - Attendees include prominent figures such as JPMorgan Chase CEO Jamie Dimon, Goldman Sachs CEO David Solomon, and BlackRock CEO Larry Fink [1][4] - The dinner follows increased scrutiny of the administration's economic policies, particularly after a Democratic Socialist won the New York mayoral race focusing on living costs [5] Group 1 - The dinner is seen as an effort by Trump to engage with top business leaders and strengthen ties with corporate America [2][5] - The event is scheduled for 7:30 p.m. ET in the White House's state dining room [4] - Previous similar events included a dinner with technology leaders, indicating a pattern of engaging with industry executives [10] Group 2 - Jamie Dimon has previously served as a "sounding board" for Trump's economic policies during the 2024 campaign [7][9] - Dimon warned Trump about the potential risks of undermining Federal Reserve Chair Jerome Powell amid criticism of Powell's renovation expenditures [6]

Core Viewpoint - Nasdaq has announced its intent to launch a new dual listing venue called Nasdaq Texas, aimed at expanding its services for companies in Texas and providing new growth and investment opportunities for U.S. investors [3][6]. Group 1: Nasdaq Texas Launch - Nasdaq Texas will operate as a dual listing venue, allowing eligible companies to list and trade while benefiting from Nasdaq's technology and regulatory standards [4][6]. - The initiative is part of Nasdaq's broader effort to strengthen its presence in Texas, which includes over 200 listed companies in the state with a combined market capitalization exceeding $2 trillion [5]. Group 2: Industry Collaboration and Celebration - The announcement was made during the 8th Annual Permian Basin BBQ Cook-Off, highlighting the importance of the Permian Basin to America's energy future and the collaboration among industry leaders [2][4]. - Executives and innovators from the energy sector gathered to celebrate and discuss the future of the industry and Texas's economic growth [2]. Group 3: Business-Friendly Environment - The launch of Nasdaq Texas follows recent corporate law innovations by the Texas Legislature aimed at creating a more business-friendly environment, positioning Texas as a leading jurisdiction for companies seeking modern governance [6].

Core Points - Trump is set to host a private dinner at the White House on November 11, with top business executives expected to attend, including the CEOs of Nasdaq and JPMorgan Chase [1] - The meeting aims to strengthen the relationship between the Trump administration and business leaders to advance its economic agenda, focusing on private sector investment to enhance domestic production and key industries [1] - JPMorgan Chase has announced a ten-year investment plan worth $1.5 trillion to support critical sectors for U.S. national security and economic resilience, including supply chain and manufacturing, defense and aerospace, energy independence, and advanced technology [1] - The bank plans to deploy up to $10 billion in direct equity and venture capital investments to relevant U.S. companies [1] - In recent months, Trump has held a series of private meetings with business leaders [1] Additional Context - In September, Trump hosted a dinner in the Rose Garden with 24 technology and business leaders, including Apple CEO Tim Cook, Meta CEO Mark Zuckerberg, and Microsoft co-founder Bill Gates [2]

Core Points - U.S. President Donald Trump is set to host a private dinner at the White House with top business executives [1] - Attendees include the chief executives of Nasdaq and JPMorgan Chase [1]

Core Insights - As of October 31, 2025, short interest in Nasdaq Global Market securities totaled approximately 14.08 billion shares, an increase from 13.83 billion shares reported on October 15, 2025, indicating a rise in short selling activity [1] - The average short interest across all Nasdaq securities is 1.54 days of average daily volume, slightly down from 1.61 days in the previous reporting period [3] Nasdaq Global Market - Short interest in 3,402 Nasdaq Global Market securities reached 14,079,841,205 shares, compared to 13,834,913,159 shares in the prior period, reflecting a growing trend in short selling [1] - The average short interest for this segment is now 1.99 days, down from 2.09 days previously [1] Nasdaq Capital Market - In the Nasdaq Capital Market, short interest in 1,695 securities totaled 3,185,380,810 shares, an increase from 3,074,376,707 shares in the previous reporting period [2] - The average daily volume for this market remains stable at 1.00 day [2] Overall Nasdaq Securities - Total short interest across all 5,097 Nasdaq securities is 17,265,222,015 shares, up from 16,909,289,866 shares in the previous reporting period [3] - The overall average daily volume for all Nasdaq securities is 1.54 days, a slight decrease from 1.61 days previously [3] Short Sale Definition - A short sale is defined as the sale of a security that the seller does not own, or any sale completed by delivering a borrowed security [4]

Core Insights - The total short interest in all Nasdaq securities increased to 17,265,222,015 shares as of October 31, 2025, up from 16,909,289,866 shares in the previous reporting period [3] - The average days to cover for all Nasdaq securities decreased to 1.54 days from 1.61 days in the prior period [3] Nasdaq Global Market - Short interest in 3,402 Nasdaq Global Market securities totaled 14,079,841,205 shares at the end of October 31, 2025, compared to 13,834,913,159 shares in 3,382 issues reported for the prior settlement date [1] - The average days to cover for the Nasdaq Global Market securities was 1.99 days, down from 2.09 days in the previous reporting period [1] Nasdaq Capital Market - Short interest in 1,695 securities on The Nasdaq Capital Market reached 3,185,380,810 shares at the end of October 31, 2025, an increase from 3,074,376,707 shares in 1,682 securities for the previous period [2] - The average days to cover remained stable at 1.00 day for both reporting periods [2] Short Sale Definition - A short sale is defined as the sale of a security that the seller does not own or any sale consummated by the delivery of a borrowed security [4]