🇺🇸 UPDATE: After SCOTUS arguments, odds that Trump keeps broad tariff powers plunged: Kalshi 29%, Polymarket 25%.Traders now expect the Supreme Court to curb presidential tariff authority. https://t.co/ezqssfInfX ...

Market Trends & Global Economy - Asian stocks rebounded, tracking Wall Street's gains, with dip buyers capitalizing on tech weakness [1][7] - Uncertainty surrounds potential limits on President Trump's global tariff agenda by the U S Supreme Court [1][18] - The U S government shutdown, now at 37 days, is impacting flights and raising concerns about economic consequences [22][23][24] Bank of England (BOE) Rate Decision - The Bank of England is likely to hold interest rates steady at 4%, ending a series of quarterly reductions [11] - Analysts anticipate a split decision on rates, possibly 6-3, hinging on Governor Andrew Bailey's stance [12] - Focus is on how long the hold will last and how the Governor characterizes the 3 8% inflation rate [15] Commerzbank Performance & Strategy - Commerzbank's third-quarter revenue slightly missed estimates at 2 5 billion euros, but net interest income reached 8 2 billion euros [2][3] - The bank raised its outlook for full-year net income to approximately 2 5 billion euros [3] - Commerzbank is initiating a 600 million euro share buyback program and is open to discussing potential combinations with UniCredit, provided a formal proposal is presented [74][76] Zurich Insurance Financials - Zurich Insurance's gross written premiums in its Property and Casualty (P&C) unit increased by 8% to a record 39 billion in the first nine months of the year, while Life and Health premiums rose by 11% [28][30] - The company is confident in achieving its financial targets, including an EPS compound growth above 9% over the three-year period and an ROE illustrating above 23% [35][36] - Zurich Insurance remains strategically interested in offloading a $20 billion book, despite a previous deal falling through due to regulatory issues [40][42] Technology & AI - Pony AI CEO discussed the company's global footprint in robotaxi services, with a focus on regulatory progress in the Middle East, particularly the UAE [43][45] - Pony AI has deprioritized commercialization in the U S due to geopolitical concerns and data-related issues, pausing plans for now [46] - A German AI language platform, seen as a rival to Google Translate, has unveiled new AI tools for office efficiency and is considering a potential IPO [57][58][64] Other Company Earnings - Continental's third-quarter adjusted earnings decreased by 15% year-on-year to 555 million euros, with a softer margin story [51][52] - Rheinmetall, a key player in the defense sector, reported operating profit up almost 20% year-on-year to 835 million euros for the first nine months, confirming its 2025 outlook [52][54]

受美国关税影响，越南贸易顺差连续第二个月收窄。越南10月份贸易顺差为26亿美元，低于9月的28.5亿美元。 ...

Core Insights - Soybean prices have increased by 6 to 9 cents across most contracts, with the national average cash bean price at $10.54 3/4, which is 7 1/2 cents lower [1] - China has suspended some retaliatory tariffs on US goods, maintaining a 10% tariff from the Liberation Day response, resulting in a total tariff of 13% on US soybeans [2] - Export sales data is not available, but analysts estimate soybean sales for the week of 10/30 to be between 0.4-2 million metric tons, with meal sales expected to be between 50,000-450,000 metric tons [3] Price Movements - November 25 soybeans are priced at $11.15, up 6 3/4 cents, while January 26 soybeans are at $11.28 1/2, up 7 cents, and March 26 soybeans are at $11.36 1/4, up 8 1/2 cents [3] - Soymeal futures have increased by $5.70, while soy oil futures remain steady [1] Market Activity - There have been 1,093 deliveries of soybeans for the month, with 5 additional deliveries issued overnight [1] - Basis movement in the North and Pacific Northwest (PNW) indicates that buyers have been somewhat active despite the uncertainty in export sales data [2]

Core Insights - Pinterest's shares are experiencing a significant decline, dropping over 20% following disappointing earnings per share (EPS) and a weak revenue outlook for Q4 [1][2] - The company is facing macroeconomic headwinds, particularly in the US and Canada, with larger retailers affected by tariff-related issues [2] Financial Performance - Pinterest reported a miss on EPS and provided a weak revenue forecast for the fourth quarter, contributing to the stock's sharp decline [1] - The stock is on track for its worst day since May 2022, indicating severe market reaction to the earnings report [1] Market Trends - The company is observing a moderation in ad spending, particularly in the home furnishing category, which is expected to be impacted by a new tariff in Q4 [2] - Analysts are responding to the earnings report with a mix of lowered price targets, although 81% still maintain an outperform or buy rating on the stock [2] Analyst Opinions - RBC highlighted that the weakness in digital ads is a concern, emphasizing Pinterest's lack of customer diversity and higher sensitivity to macroeconomic factors [3] - JP Morgan remains optimistic about Pinterest, citing potential for user growth, deeper engagement, and overall monetization despite near-term challenges [3]

Trade Policy & Legal - The Supreme Court will hear Trump tariff case today [1] - The case concerns tariffs imposed under the Trump administration [1] Source Information - The information is sourced from a news article shared on Twitter [1]

BREAKING:🇺🇸 🇨🇳 China to suspend 24% Tariff on U.S. Imports for one year. https://t.co/AXLCQ7w5Ds ...

🗒️根据国务院《税委会公告2025年第2号》文件，此次暂停的是对美国鸡肉、小麦、玉米、棉花加征的15%关税，以及对美国高粱、大豆、猪肉、牛肉、水产品、水果、蔬菜、乳制品加征的10%关税。同时发布的10号文件是在8月12日的8号文件（90天内继续暂停实施24%的对美加征关税）基础上再延期一年。 https://t.co/6VYiR49Q1z外汇交易员 (@myfxtrader):国务院关税税则委员会公告：自2025年11月10日13时01分起，调整《国务院关税税则委员会关于对原产于美国的进口商品加征关税的公告》（税委会公告2025年第4号）规定的加征关税措施，在一年内继续暂停实施24%的对美加征关税税率，保留10%的对美加征关税税率。 https://t.co/CkNR69k8zD ...

Trade Policy Adjustment - China will continue to suspend the 24% additional tariff on imports from the US for one year [1] - China will retain the 10% additional tariff on imports from the US [1] - China will cease the additional tariff measures outlined in 税委会公告2025年第2号 (Tax Committee Announcement No 2, 2025) on certain imported goods from the US [1] Effective Date - The adjustments to the additional tariffs on US imports will be effective from November 10, 2025, at 13:01 [1]

Tariffs & Legal Challenge - Rick Wattenberg, head of two educational toy businesses, is challenging the president's tariffs due to their significant impact on his company, which manufactures most of its products in China [1][2] - The lawsuit, now before the Supreme Court, questions the president's authority to impose tariffs under a law granting emergency economic powers [3][4] - The law used accounts for approximately 60% of current tariffs [5] - The core legal question is whether the law's authorization for the president to "regulate importation" includes the power to impose sweeping tariffs [6][7] Potential Economic Impact - A Supreme Court ruling against the president could lead to over $100 billion in refunds to businesses that have paid the tariffs [5][8] - Overturning the tariffs could alleviate inflationary pressure, as companies have already raised prices in the mid-single digits due to tariff costs [8][9] Supreme Court Considerations - The Supreme Court has previously restricted presidential power in cases such as student loan forgiveness, which may influence their decision on the tariffs [10] - A related case concerning the president's ability to remove officials, like a Democratic commissioner on the Federal Trade Commission, could provide clues, as the Court has previously indicated it wants to preserve independence [13]