Group 1 - The A-share market opened with all three major indices rising, with the Shanghai Composite Index up by 0.11%, the Shenzhen Component Index up by 0.37%, and the ChiNext Index up by 0.43% [2][3] - Key sectors showing strength include lithium batteries, fluorine chemicals, memory storage, satellite navigation, phosphorus chemicals, and photovoltaic concepts, while sectors such as ice and snow tourism, nuclear fusion, reducers, and innovative pharmaceuticals are weakening [1][3] - The Hang Seng Index opened up by 0.3%, and the Hang Seng Technology Index rose by 0.36%, with similar trends observed in the lithium battery and photovoltaic sectors [4][5] Group 2 - The central bank conducted a 7-day reverse repurchase operation of 119.9 billion yuan at an interest rate of 1.40%, with 78.3 billion yuan reverse repos maturing today [5] - The onshore RMB against the US dollar was set at 7.0856, depreciating by 20 basis points from the previous trading day's midpoint of 7.0836 [5]

Group 1 - The global largest gold ETF held 1,038.63 tons as of November 4, with a reduction of 3.15 tons from the previous day and a net increase of 26.32 tons from the previous month [1] - The U.S. Supreme Court is debating a tariff case, with conservative Chief Justice questioning its reasonableness, leading to a decreased probability of a Trump victory [2] - The U.S. government shutdown lasted 36 days, impacting the stock market, airline industry, and food assistance programs, but Trump still anticipates new highs in the stock market [2] Group 2 - Economic data shows that U.S. ADP employment increased by 42,000 in October, exceeding expectations, but labor demand is slowing and wage growth is stagnant [2] - The service sector activity in October expanded at the fastest pace in eight months, surpassing economists' predictions [2] - The U.S. Treasury maintained its quarterly refinancing scale but hinted at potential increases in the future, leading to a rise in the 10-year Treasury yield [2] Group 3 - Gold prices are currently operating below the middle band of the Bollinger Bands, with a bearish crossover in the KD indicator [4] - The strategy for gold trading today suggests buying on dips between 3,965.9 and 3,971.9, with a stop loss at 3,960.9 and a target range of 3,975.9 to 3,981.9 [4] - Silver prices are also below the middle band of the Bollinger Bands, with a similar bearish crossover in the KD indicator, recommending selling on highs between 48.21 and 48.71 [4]

Group 1: Inflation and CPI Insights - The U.S. government shutdown has delayed the release of the September Consumer Price Index (CPI) report to October 24, with economists expecting a month-over-month increase of 0.4% and a year-over-year increase of 3.1% [1] - Core inflation is projected to rise by 0.3% month-over-month and 3.1% year-over-year, remaining consistent with August's figures [1][4] - The increase in CPI is attributed to tariffs raising goods prices, with specific categories like clothing and furniture experiencing slight inflation due to these tariffs [4][5] Group 2: Housing Costs and Economic Outlook - A decrease in housing costs may alleviate inflationary pressures, as mortgage rates have declined from over 7.0% in January to 6.3% in September [6] - The normalization of housing costs is expected to release more inventory and lower home prices, contributing to a potential easing of inflation [6] Group 3: Federal Reserve Interest Rate Expectations - The futures market indicates a 98.9% probability of a 25 basis point rate cut by the Federal Reserve in October, with a 96.1% chance of another cut in December [7] - The Federal Reserve is likely to focus on the labor market's performance rather than solely on CPI data, as labor market weakness could exert downward pressure on prices [10]

Company News - Airbus, Thales Group, and Leonardo Company have signed an agreement to collaborate on satellite development [2] - Blackstone Group reported Q3 2025 revenue of $3.089 billion, down from $3.663 billion in the same period last year [2] - Honeywell's stock rose over 4% in pre-market trading, with Q3 revenue reported at $10.41 billion [2]

Core Viewpoint - The Nikkei 225 index opened high and continued to rise, with intraday gains expanding to 2% [1] - Spot gold prices fell below $4,220 per ounce, experiencing a 0.6% decline during the day [1] Group 1 - The Nikkei 225 index showed strong performance with a significant intraday increase [1] - Spot gold prices demonstrated a downward trend, indicating a decline in value [1]

Group 1 - The Ministry of Agriculture and Rural Affairs is fully committed to the "Three Autumns" production work in the Huanghuaihai region [1] - The number of people expected to travel across regions during the National Day and Mid-Autumn Festival holidays is projected to reach a historic high of 2.432 billion [1] - China's contribution to global renewable energy generation has surpassed coal for the first time, accounting for over half of the clean energy growth [1] Group 2 - China's foreign exchange reserves have remained above 3.3 trillion for two consecutive months [1] - Research personnel in China have resolved the interface contact issue in all-solid-state lithium metal batteries [1] - The volume of seawater cooling used in China is expected to reach 188.3 billion tons by 2024 [1] Group 3 - The China-Europe Railway Express is projected to exceed 3,000 trains in transit volume by 2025 [1] - The total box office for the National Day holiday in 2025 is expected to surpass 1.8 billion [1] - The World Trade Organization has significantly lowered its global goods trade growth forecast for 2026 [1]

Group 1 - The core viewpoint of the article indicates that the U.S. labor market is showing significant signs of cooling, as evidenced by the lower-than-expected job growth in August and downward revisions in previous months' data, leading to increased bets on rapid interest rate cuts by the Federal Reserve starting this month [1][2][3] Group 2 - In August, the seasonally adjusted non-farm payrolls recorded an increase of 22,000 jobs, significantly below the market expectation of 75,000 jobs [2] - The previous two months' job growth figures were revised downwards, with June's job additions being adjusted from 14,000 down to -13,000, and July's from 73,000 up to 79,000, resulting in a total downward revision of 21,000 jobs for June and July combined [3] - Following the data release, the U.S. dollar index fell approximately 40 points, while spot gold prices rose nearly $25, reaching a record high of $3,580 per ounce [3]

Group 1 - The core point of the article highlights a significant increase in spot gold prices following the release of non-farm payroll data, with gold rising by $38 within 15 minutes to reach $3,340 per ounce [1] - The US Dollar Index (DXY) experienced a notable decline, dropping over 100 points to a low of 99.11 [1]

Core Insights - The U.S. 2 to 7-year Treasury yields fell by at least 10 basis points following the release of the July non-farm payroll report [1] - Spot gold prices increased by approximately $30, currently reported at $3,334.34 per ounce [1] - The U.S. dollar index decreased by about 100 points, now at 99.23 [1] Currency Movements - Non-U.S. currencies experienced a broad rally, with the euro rising nearly 1% against the dollar [1] - The British pound appreciated by 0.45% against the dollar [1] - The Australian dollar increased by 0.6% against the dollar [1]

Core Points - The US dollar index shows minor fluctuations, currently at 99.84 [1] - US stock futures are stable, with the Nasdaq 100 futures maintaining an approximate increase of 1.3% [1] - The yield on the US 10-year Treasury bond has slightly decreased, currently at 4.344% [1] - Spot gold has seen a slight increase, currently priced at 3307.63 USD per ounce [1]