Stock Market News·2025-11-03 08:08Automotive Sector - Tesla (TSLA) experienced a dramatic decline in new registrations in Denmark, falling by 86% year-on-year in October, despite an overall increase in car sales and a high adoption rate of electric vehicles in the market, where EVs constituted over 70% of new registrations [3][9] - The Volkswagen Group is gaining significant market share in Denmark, dominating the top 10 list of new registrations [3] Commodity Markets - Aluminum prices are approaching a three-year high, with prices rising to $2,892.55 USD per tonne, representing an 11.04% increase compared to the same period last year, driven by easing US-China tensions and strong demand from sectors like renewable energy and transportation [4][9] Economic Indicators - Switzerland's Consumer Price Index (CPI) for October reported an annual inflation rate of 0.1%, missing the estimated 0.3% and falling from 0.2% in September, indicating persistent low inflationary pressures [5][9] - Sweden's Swedbank/Silf PMI Manufacturing registered 55.1 in October, a slight decrease from the previous month's 55.5, suggesting a moderation in growth momentum while still indicating expansion in the manufacturing sector [6] Corporate Ratings - Goldman Sachs downgraded Remy Cointreau (RCO) to Neutral from Buy, reducing its target price from €65 to €50, citing low visibility for recovery and weak demand for cognac in the United States and China [7][9] - JP Morgan added Alphabet Inc. (GOOGL, GOOG) to its US Analyst Focus List, maintaining an "Overweight" rating and raising its price target for Alphabet to $340 from $300 [8]