Feng Huang Wang Cai Jing·2025-11-10 23:02Market Overview - The U.S. government is expected to end its longest shutdown, boosting risk sentiment across various markets, leading to gains in U.S. stock indices, cryptocurrencies, and precious metals, while safe-haven assets like U.S. Treasuries and the Japanese yen declined [1] - As of the market close, the Dow Jones increased by 0.82%, the S&P 500 rose by 1.54%, and the Nasdaq Composite surged by 2.27% [1] Stock Performance - Major tech stocks saw significant gains, with Nvidia rising over 5%, AMD increasing more than 4%, and Google, Tesla, Microsoft, Amazon, and Netflix all gaining over 1% [2] - Chinese concept stocks also performed well, with the Nasdaq China Golden Dragon Index up by 2.25%, Xpeng Motors soaring over 16%, and Baidu rising over 5% [3] Government Shutdown Update - The U.S. Senate has reached an agreement to end the federal government shutdown, which has lasted for 40 days, with a procedural vote on a temporary funding bill already passed [4] - The House of Representatives is expected to vote on the funding bill as early as Wednesday, contingent on the Senate completing its voting procedures [5] Federal Reserve Insights - The St. Louis Fed President Alberto Musalem indicated limited room for further interest rate cuts, citing expectations of a strong economic rebound in early next year [6][7] - He emphasized the need for caution in monetary policy to avoid excessive looseness, as the Fed has already cut rates twice this year [8] Aluminum Market Dynamics - The U.S. aluminum market has seen premiums soar by 155%, reaching a historic high due to increased tariffs and structural supply tensions, impacting industries reliant on aluminum [10] - The Midwest aluminum premium hit $0.8810 per pound, translating to $1,942 per ton, with actual prices for U.S. buyers reaching $4,792 per ton [10] - The rise in aluminum costs is attributed to a significant reduction in global supply and heightened expectations for the permanence of tariffs, particularly following the cancellation of trade talks with Canada [11]