Jin Shi Shu Ju·2025-11-07 13:56Market Overview - The US dollar index experienced fluctuations this week, initially rising above the 100 mark to reach a three-month high before falling back below 100 on Thursday, currently reported at 99.55 [1] - The precious metals market saw significant volatility, with gold prices dropping to a near one-month low of $3930 per ounce before rebounding, while silver fluctuated between $47 and $49 per ounce [1] - The oil market continued its downward trend, with both crude oil benchmarks declining for four consecutive trading days due to weak factory activity in Asia and rising global inventories [1] Employment and Economic Indicators - The US job market showed mixed signals, with ADP reporting an addition of 42,000 jobs in October, ending a two-month decline, while Challenger reported a record 153,000 layoffs, a 175% year-over-year increase [6] - The Federal Reserve is engaged in heated discussions regarding potential interest rate cuts, with differing opinions on the current economic conditions and inflation risks [7] Political Developments - The US government shutdown continues to impact the economy, with the Congressional Budget Office estimating losses of $11 billion after six weeks and $14 billion after eight weeks, affecting air travel and food assistance programs [8][9] - The Supreme Court is debating the legality of Trump's tariffs, with skepticism from both liberal and conservative justices, potentially impacting future trade policies [10] Corporate Developments - Goldman Sachs predicts limited impact on trade dynamics even if the Supreme Court rules against Trump's tariffs, while also noting potential 30% returns for Chinese stocks by the end of next year [5] - Tesla's shareholders approved a $1 trillion compensation plan for Elon Musk, aiming for a market cap increase from $2 trillion to $8.5 trillion, with ambitious targets set for vehicle deliveries and autonomous driving capabilities [15][16] Industry Insights - The US government updated its critical minerals list, adding ten new minerals including copper and silver, to reduce reliance on foreign sources and promote domestic mining [14] - OpenAI and Amazon Web Services entered a $38 billion computing power agreement, marking a significant collaboration in the AI and cloud computing sectors [18] - Nvidia's CEO expressed confidence in China's potential to win the AI race, criticizing Western regulatory approaches [17]