Group 1: Geopolitical Developments - Ukrainian President Zelensky anticipates a meeting with President Trump to discuss a potential peace deal involving a demilitarized zone in eastern Ukraine in exchange for security guarantees from the US and Europe [1] - The US Coast Guard has forced the sanctioned oil tanker Bella 1 to divert from Venezuela as part of President Trump's blockade on sanctioned oil tankers [2] - The US has launched strikes on ISIS targets in Nigeria in collaboration with the Nigerian government to address rising terrorist attacks [3] Group 2: Currency and Economic Indicators - The dollar is under pressure as the Federal Reserve increases liquidity by purchasing $40 billion a month in T-bills, with concerns about a dovish Fed Chair appointment impacting the dollar's strength [4][5] - The dollar index has decreased by -0.09%, extending a weekly decline of approximately -0.7%, despite a stronger-than-expected US GDP report of +4.3% [6] - The euro has gained support from ECB members indicating satisfaction with the current interest rate outlook, while the yen has shown volatility due to mixed economic indicators and comments from Japan's Finance Minister [7][8][9] Group 3: Precious Metals Market - Gold and silver have reached new all-time highs, supported by geopolitical concerns and the US's military actions, alongside a positive US GDP report [11] - Central bank demand for gold remains strong, with China's PBOC increasing its reserves and global central banks purchasing 220 MT of gold in Q3, a +28% increase from Q2 [13] - Fund demand for precious metals is robust, with silver ETF holdings reaching a 3.5-year high and gold ETF holdings recovering close to a 3.25-year high [14]

Market Overview - Overseas stock markets showed mixed results, with the Euro Stoxx 50 down -0.13%, Shanghai Composite down -0.37%, and Japan's Nikkei Stock 225 up +0.14% [1] - US stock indexes also settled mixed, with the S&P 500 down -0.09%, Dow Jones down -0.38%, and Nasdaq 100 up +0.16% [6] Corporate Earnings - The Q3 earnings season is nearing completion, with 495 of the 500 S&P companies reporting results. 83% of these companies exceeded forecasts, marking the best quarter since 2021 [2] - Q3 earnings rose +14.6%, significantly surpassing expectations of +7.2% year-over-year [2] Economic Indicators - The Q3 employment cost index is expected to rise by +0.9%, and the FOMC meeting is anticipated to result in a -25 basis point cut in the federal funds target range to 3.50%-3.75% [3] - The October JOLTS job openings unexpectedly increased by +12,000 to a 5-month high of 7.670 million, contrary to expectations of a decline [4] Sector Performance - Cryptocurrency-exposed stocks saw gains, with Bitcoin rising over +1%. Galaxy Digital Holdings surged more than +12% after receiving an outperform recommendation [11] - Silver mining stocks experienced significant increases, with Hecla Mining up more than +7% and Newmont up more than +5% following a rise in silver prices [12] - Homebuilders faced declines, with Toll Brothers down more than -2% after forecasting lower deliveries than consensus [10] Company-Specific News - CVS Health raised its full-year adjusted EPS guidance to $6.60-$6.70, exceeding consensus expectations [16] - Exxon Mobil expects $35 billion in cash flow growth by 2030, an increase of about 17% from previous projections [17] - Ares Management closed up more than +7% after being announced as a replacement in the S&P 500 [15]