Zheng Quan Shi Bao·2025-11-08 00:10Market Performance - US stock markets closed mixed, with the Dow Jones Industrial Average up 0.16% at 46,987.1 points, the S&P 500 up 0.13% at 6,728.8 points, and the Nasdaq down 0.21% at 23,004.54 points [1] - European stock indices all closed lower, with the German DAX down 0.77% at 23,550.71 points, the French CAC40 down 0.18% at 7,950.18 points, and the UK FTSE 100 down 0.55% at 9,682.57 points [2][3] Employment Data - The US Labor Statistics Bureau failed to release the October non-farm payroll report due to a government shutdown, marking the second consecutive absence of this report [4] - Private sector reports indicated that US companies announced over 153,000 layoffs in October, the highest level for this month in over 20 years, with total layoffs for the year nearing 1.1 million, the highest since the pandemic began in 2020 [4] Consumer Confidence - The University of Michigan reported that the preliminary consumer confidence index for November dropped to 50.3 from 53.6 in October, the lowest level since June 2022 [5] - The decline in consumer confidence was observed across various demographics, with long-term inflation expectations decreasing to an average of 3.6% over the next five to ten years [5] Semiconductor Industry - TSMC plans to increase prices for advanced chips below 5nm, notifying major clients including Apple, which may lead to significant price adjustments for the upcoming iPhone 18 series [6] - The average price for chips using TSMC's 2nm process is expected to reach $280, representing at least a 50% increase compared to the 3nm process [6] Monetary Policy - St. Louis Fed President Musalem indicated that there is still room for 50 to 75 basis points of monetary policy easing to support the labor market [7] - Fed Vice Chairman Philip Jefferson emphasized a cautious approach as interest rates are near neutral levels, supporting the recent 25 basis point rate cut due to increased risks in the labor market [8] Commodity Prices - International precious metal futures saw a general increase, with COMEX gold futures rising 0.42% to $4,007.8 per ounce and COMEX silver futures up 0.57% to $48.225 per ounce [8]