During Thanksgiving, the US stock market was closed with limited fluctuations in the US bond market. At the same time, the financial crisis in France has worsened, with the French bond yield briefly breaking 3.0%, for the first time matching that of Greek bond yields. However, with the concession statement from the French Finance Minister, market sentiment slightly eased, and the French bond yield subsequently dropped by nearly 8 basis points.
The Chinese government announced further opening up the digital sector to promote orderly opening in areas such as telecommunications, internet, and culture. This policy change is expected to further stimulate market vitality.
The US government is considering stricter chip export controls to China, with related measures expected to be announced next week. Despite the possibility of narrowing the scope of sanctions, this still poses certain pressure on relevant industries.
The ongoing budget turmoil in the French government has attracted market attention. Prime Minister Barnier's concessions have failed to silence opposition voices. The market is now shifting its focus to the upcoming French credit rating update by Standard & Poor's.
Iran's nuclear policy and the ceasefire agreement with Lebanon have eased tensions in the Middle East. However, the complex relationship between Israel and Lebanon remains tense.
In the technology sector, Musk disclosed personal information of a government official, sparking widespread discussion and concern. The debate on privacy and government transparency has once again become a focus. All-day stock trading is gaining more attention in the United States, and the approval of 24 Exchange marks a significant step towards all-day trading, which may change investors' trading behaviors and market dynamics.
Russian President Putin has confirmed the comprehensive military action against Ukraine...

Strong US retail sales data and hawkish remarks from some Federal Reserve officials on Friday heightened market doubts about expectations of interest rate cuts in December, causing US stocks to experience their biggest weekly decline in two months. Despite a 0.4% year-on-year increase in retail sales in October and a sharp increase in the previous value, market unease was still triggered by comments from some officials. They expressed their views on the current strong state of the economy and thought that there might be no need to further support the economy through interest rate cuts.
Technology stocks were particularly under pressure, and the news that Nvidia was delaying deliveries due to overheating Blackwell chips affected the stock price drop by more than 3%. Biotech stocks also suffered a severe setback, especially after Trump announced relevant health policies, and vaccine stocks fell sharply.
China Securities performed relatively well. Although Alibaba fell more than 2% after announcing its earnings report, the overall China Securities Index rebounded due to some positive policy news. According to China's economic data, the year-on-year increase in retail sales of social consumer goods and the increase in industrial value added supported the market's expectations for a steady recovery in the Chinese economy.
On the policy side, several ministers nominated by Trump have attracted widespread attention in the market, particularly the decision to nominate oil tycoons as energy ministers and Wall Street power brokers as finance ministers. These may all influence related industries and market policies in the future.
US bond yields and the US dollar experienced sharp fluctuations on Friday, and in the end, the US dollar index achieved its biggest weekly gain in six weeks. Bitcoin's price also reached a high of $0.09 million amid this series of political and economic changes.
In the commodity market,...

The CPI inflation data for October in the USA showed an accelerated growth, but the market's expectation of a rate cut by the Federal Reserve in December does not seem to have been affected. The S&P 500 index closed with thrilling gains amidst fluctuations, while the Nasdaq and small-cap stocks turned downwards. The chip index saw a 2% decline, with NVIDIA falling over 1%. In the initial reaction, the two-year US Treasury bond yields plummeted, while the ten-year US Treasury bond yields and the US dollar initially dropped but later turned upwards, with the dollar hitting a one-year high. This indicates that the market may anticipate continued rate cuts in the short term, but the trend of long-term interest rates and the US dollar reflects uncertainty about the Federal Reserve's policies in 2024.
In the political arena, developments continue after the US election, with new appointments by the Trump administration and the victory of the Republican Party in the House of Representatives increasing market expectations for policy changes. Trump's nomination of Musk to lead the newly established 'Government Efficiency Department' may indicate that the new government will pursue more innovative and technology-driven policies.
In the technology sector, the AI industry is showing signs of growth pressure. OpenAI's Orion and Google's new AI models have not performed as expected, indicating a potential bottleneck in the growth of the AI industry. Additionally, the collaboration between SoftBank and NVIDIA suggests that the application of AI technology globally is still expanding, despite the market maintaining a cautious outlook on the future development of AI technology.
Tencent's third-quarter financial report shows strong growth in revenue and profits, especially the recovery of its gaming business. This reflects the strong demand in the Chinese consumer electronics market and the company's continuous investment in AI applications.

This week, the global market's focus is on a series of heavyweight economic data and corporate financial reports. The overall performance of the USA stock market is positive, with small-cap indexes leading the market, rising by 1.7%. The Nasdaq index is approaching its historical high. Despite the overall upward trend of large-cap stocks, Tesla and chip indexes have turned downwards, with Nvidia's stock price falling by 1% at one point during the session.
In terms of industry news, North American uranium mining and nuclear energy concept stocks have shown strong performance, especially Oklo, a nuclear energy company supported by OpenAI CEO Sam Altman, soaring over 28% to a new high. As the U.S. presidential election approaches, media stocks related to Trump have surged by over 21%.
Apple leads in technological innovation by launching the latest iMac with the M4 chip. The initial AI functions include writing tools, image enhancement, and content summarization, attracting widespread attention. The market expects Apple's financial report this week to show outstanding profit performance, with Goldman Sachs optimistically predicting that its profits will far exceed market expectations. In addition, Volkswagen announced the closure of at least three factories in Germany and extensive layoffs, marking the first such move in the company's 87-year history, revealing immense pressure in the auto industry.
In the Chinese concept stock market, performance has been particularly eye-catching. The Chinese concept index rose by 4%, Nio Inc. surged by over 10%, and Daqo New Energy in the solar industry increased by over 14%. The key focus of the U.S.-China Economic Working Group discussions includes specific arrangements for a comprehensive set of incremental policies, expected to be announced after statutory procedures in November.
The bond market witnessed a comprehensive rebound in US bond yields, with the 10-year US...

Both major US indexes hit new highs, with the S&P 500 and the Dow Jones Industrial Average rising for a second consecutive day. Nvidia surged over 2%, reaching a historic high in four months, becoming a significant force supporting the rise of US stocks.
Meanwhile, Chinese concept stocks index experienced a decline of over 2%. Xpeng and Nio Inc dropped by nearly 10% and over 7% respectively, while PDD Holdings also fell by 6%, hitting the lowest point of the month. Offshore RMB dropped by nearly 300 points mid-day, breaking through 7.10 to reach a new low in over a week.
In China's financial markets, new social financing in September reached 3.76 trillion yuan, with new RMB loans totaling 1.59 trillion yuan. Boosted by the stock market rebound, M2 money supply growth rate rose to 6.8%, while M1 money supply continued to decline. At the same time, the phenomenon of early repayment by residents has somewhat decreased recently.
In the international market, the USD index rebounded to a two-month high as US bonds were closed, while the yen hit a low of over two months. Bitcoin prices surged by nearly $4000 mid-day, breaking through the $66,000 mark, hitting a high in over two weeks.
Nvidia's stock price surge is benefiting from high expectations for its new Blackwell chip. In a recent lengthy interview, CEO Huang Renxun mentioned that Artificial General Intelligence (AGI) is imminent, and AI is expected to completely change productivity, further fueling investors' enthusiasm.
Taiwan Semiconductor's financial report is highly anticipated. HSBC's research report predicts that TSMC's performance will continue to stay at the high end of expectations. HSBC Bank also stated...

In the minutes of the September meeting of the Federal Reserve, policymakers were significantly divided over sharp interest rate cuts. Although the market is closely watching the upcoming US CPI inflation data, the Dow Jones Industrial Average and the S&P 500 Index still reached new highs, achieving two consecutive gains. Among them, the Dow and Chip Index both rose 1%. However, not all stocks showed strong performance. Nvidia turned down, Google and Tesla fell more than 1.4%, and Boeing hit the lowest price in two years. Tesla will soon be showcasing its robot taxi at Robotaxi Day to be held on October 10. The model has a two-seater design with a butterfly design that opens upward.
Morgan Stanley predicts that Tesla's L4 autonomous driving products may cost 41% less than competing products. Meanwhile, Geoffrey Hinton, a new Nobel laureate and known as the “Godfather of AI,” revealed that one of his students had fired OpenAI's Sam Altman, and he is proud of this. On the antitrust side, the US Department of Justice is considering whether Google needs to be split off.
In the tech industry, demand for AI chips continues to be strong. TSMC's sales in September reached NT$251.87 billion, up 39.6% year over year. Third-quarter revenue was NT$759.69 billion (approximately US$23.62 billion), exceeding analysts' expectations of NT$750.36 billion (approximately US$23.33 billion). TSMC is expected to announce full financial results next Thursday.
In terms of the bond market, the 10-year term...