Economic Data - In October, the U.S. private sector added 42,000 jobs, significantly exceeding expectations, alleviating concerns about the potential negative impact of the federal government shutdown on the job market [1] - The ISM services PMI for October reached 52.4, the highest in eight months, indicating a rebound in demand, with the new orders index rising to a one-year high of 56.2 [5] - The payment prices index for October surged to 70, the highest in three years, suggesting a rebound in inflationary pressures [5] Stock Market Performance - Following the release of positive economic data, major U.S. stock indices closed higher, with the Dow Jones up 0.48%, S&P 500 up 0.37%, and Nasdaq up 0.65% [1] - Notable gains were observed in semiconductor stocks, with Micron Technology rising by 8.93%, Applied Materials up 4.6%, and Qualcomm increasing by nearly 4% [1] European Market Reaction - European stock markets rebounded from the tech sell-off, driven by positive earnings reports, with BMW's stock rising 6.85% after meeting analyst expectations despite a decline in several performance metrics [7] - Other automotive stocks also saw gains, with Mercedes-Benz up 3.54% and Volkswagen up 2.43% [7] - The major European indices closed higher, with the UK market up 0.64%, France up 0.08%, and Germany up 0.42% [8] Commodity Prices - Gold prices increased due to concerns over the prolonged U.S. government shutdown and a decline in the dollar index, with December gold futures closing at $1,992.90 per ounce, up 0.82% [3] - In contrast, crude oil prices fell as U.S. commercial crude oil inventories rose by approximately 5.2 million barrels, significantly exceeding expectations, leading to concerns about weak oil demand [10] - December light crude oil futures closed at $59.60 per barrel, down 1.59%, while January 2026 Brent crude futures closed at $63.52 per barrel, down 1.43% [10]

Core Insights - The ISM's October Services PMI for the U.S. reached 52.4, marking an eight-month high and exceeding market expectations [1] - The new orders index for October rebounded significantly to a one-year high of 56.2, indicating a continued recovery in demand [1] - The October prices paid index rose to 70, the highest in three years, suggesting a rebound in inflationary pressures [1] - Positive employment and services data have dampened market expectations for further rate cuts by the Federal Reserve in December, leading to volatility in the bond market [1] Group 1 - The Services PMI indicates a strengthening services sector, with a reading of 52.4 [1] - The new orders index reflects a robust demand recovery, reaching 56.2 [1] - The increase in the prices paid index to 70 signals rising inflation concerns [1] Group 2 - The positive economic data has influenced market sentiment regarding Federal Reserve interest rate policies [1] - The bond market has experienced fluctuations, with yields on various maturities rising and prices falling [1]