Zhi Tong Cai Jing·2025-11-11 07:30Market Overview - The U.S. stock market saw significant gains with the Dow Jones up 381.53 points (0.81%) closing at 47,368.63, the Nasdaq rising 522.64 points (2.27%) to 23,527.17, and the S&P 500 increasing by 103.63 points (1.54%) to 6,832.43 [1] - Major tech stocks performed well, with Micron Technology (MU.US) up over 6%, Nvidia (NVDA.US) up 5.7%, Tesla (TSLA.US) up over 3%, and Google (GOOG.US) up 4% [1] - The Nasdaq Golden Dragon China Index rose by 2.25%, with Xpeng Motors (XPEV.US) surging 16% and Baidu (BIDU.US) increasing by 5% [1] European Market - European indices also experienced gains, with Germany's DAX30 up 407.92 points (1.73%) to 23,963.66, the UK's FTSE 100 up 103.35 points (1.07%) to 9,785.92, and France's CAC40 up 111.55 points (1.40%) to 8,061.73 [2] - The Brent crude oil price increased by 43 cents, closing at $64.06 per barrel (0.68% rise) [2] Cryptocurrency Market - Bitcoin rose by 0.92% to $105,730.9, while Ethereum fell by 0.89% to $3,551.68 [3] Precious Metals - Spot gold increased by over 2.87% to $4,115.75, with Morgan Stanley predicting gold prices could exceed $5,000 per ounce next year due to continued buying by central banks in emerging markets [4] - The report indicates that gold prices may reach $5,200 to $5,300 by the end of 2026, reflecting a more than 25% increase from current levels [4] Company News - Coinbase (COIN.US) plans to launch a new platform allowing selected investors early access to new cryptocurrencies before they trade on its main exchange, using an algorithm to allocate tokens [8] - C3.ai (AI.US) is exploring potential sale options after the resignation of its founder and CEO Thomas Siebel due to health issues, with the company's stock down over 54% year-to-date [9] - Wells Fargo reported a significant decline in Tesla's (TSLA.US) October deliveries, estimating a year-over-year drop of 23%, attributed to the end of U.S. electric vehicle subsidies and increased competition in overseas markets [9]