Market Overview - US stock index futures showed mixed performance with Dow futures up by 0.11%, S&P 500 futures down by 0.01%, and Nasdaq futures down by 0.02% [1] - European indices also experienced slight gains, with Germany's DAX up by 0.08%, UK's FTSE 100 up by 0.06%, France's CAC40 up by 0.29%, and the Euro Stoxx 50 up by 0.16% [2][3] - WTI crude oil prices fell by 0.13% to $61.61 per barrel, while Brent crude oil prices decreased by 0.12% to $65.39 per barrel [3][4] Policy Changes - The US truck tariff policy has been expanded to include medium-duty trucks, with a new effective date of November 1, imposing a 25% tariff on all imports of medium and heavy trucks [5] Economic Insights - Morgan Stanley warns that a sudden drop in inflation poses the greatest threat to US stocks, emphasizing that stock valuations have been supported by the current economic cycle and inflation [5] - The Kansas City Fed President expressed caution regarding further rate cuts, highlighting that inflation remains too high and the Fed must maintain credibility in controlling prices [5] - The International Energy Agency (IEA) has cut its US renewable energy growth forecast by 50% due to recent policy changes, while global renewable energy capacity is expected to double by 2030 [5] Commodity Price Forecasts - Goldman Sachs raised its gold price forecast for December 2026 to $4,900 per ounce, citing strong inflows into Western ETFs and continued central bank purchases [6] Company News - OpenAI's influence on stock prices is evident as companies mentioned during its developer conference saw significant stock price increases [7] - Trilogy Metals surged over 185% after the US government announced a 10% equity stake acquisition as part of a $35.6 million investment plan [7] - Tesla is reportedly planning to release a lower-priced Model Y to counteract the removal of federal EV subsidies [8] - AppLovin's stock fell 14% following news of a potential SEC investigation into its data collection practices [9] - UBS is exploring a structured risk transfer (SRT) transaction linked to a $1 billion corporate loan to address capital regulatory pressures [10] - Shell reported a recovery in its oil and gas trading business, which is expected to positively impact its Q3 performance [11]