Here are the important news from the previous night on October 20th:
Market
- Close on October 20: U.S. stocks showed mixed gains and losses, with tech stocks leading the rise. The market was focused on Tesla and the financial reports of Meta.
- Top 20 US stock trading volumes on October 20: The storage sector led the gains, with Sandisk rising by over 5%; Micron will host a technical webinar.
- On October 20th, the performance of popular Chinese concept stocks was mixed, with TSMC rising by 1.84%.
- Commodity Overview: Brent crude fluctuates at high levels, copper prices fall, and gold prices decline.
- Turbulence in France has dragged down European stock markets, with attention now shifting to corporate financial reports.
Macro
- Trump said that it's time to replace the person representing Ukraine in negotiations.
- The United States announces a Central Asia agreement worth approximately $12 billion.
- Local curfews have been implemented in several municipalities, including Paris, France.
- The Iranian Revolutionary Guards stated that the enemy should be aware that there are seven major submarine fiber optic cables in the Strait of Hormuz.
- The Iranian president met with the Russian foreign minister to discuss bilateral relations.
- Iran claims it has "no other choice" but to assert sovereignty over the Strait of Hormuz in order to maintain security.
- Ukraine suspects that the United States occasionally restricts intelligence sharing, while Trump claims that the U.S. still provides substantial support.
- Zelensky said that it is difficult for the United States to explain why it has postponed the delivery of weapons to Ukraine and restricted intelligence sharing.
- Russia claims to have struck a drone factory; Ukraine says it attacked a key Russian target.
- Qatar calls on Gulf countries to engage in extensive dialogue with Iran.
- New regulations on oil and natural gas in Cuba officially come into effect, expanding the participation of private enterprises and foreign investors.
- Houthi militants continue their attacks, and Saudi Arabia has postponed its flagship investment conference until 2027.
- The Saudi-led coalition warns Houthi militants not to use traditional vessels for smuggling weapons.
- German Chancellor Merkel warns that Europe has underestimated the threat from Russia.
- Argentina has implemented a confidentiality system for a recent arms purchase.
Company
- Nscale and Anthropic are reportedly in talks for a large cloud computing power deal worth approximately $45 billion.
- Apple announced that it will hold a product launch event on October 28th, and analysts expect that a touchscreen laptop will be unveiled.
- Fighting among founders continues, and Two Sigma executive Seth Platt plans to resign.
- The difficulty of "exit" in private equity has given rise to new strategies, with investment banks such as Goldman Sachs experimenting with evergreen continuation funds.
- The New York Stock Exchange extended the trading hours for certain options, involving securities such as NVIDIA and Alibaba.
- Anthropic is the last great hope for this year's large-scale IPO.
- HSBC has begun to search for a new Chief Executive Officer for its asset management business.
Comment
- Goldman Sachs: Hedge funds are reducing their holdings in tech stocks at the fastest pace in at least a decade.
- Trump economic advisor Hasset: Inflation still needs attention; respect for the Fed's independence is essential.
- Lombard Odier believes that the growth prospects of the United States will drive the dollar to strengthen further.
- U.S. Energy Secretary Wright: Russian diesel has not yet been released onto the market.
- Iranian Persian Gulf Strait Administration: 122 vessels listed as violators
- U.S. Bond Market: Treasury yields fall slightly as rising oil prices and improved risk appetite exert pressure.
- U.S. Energy Secretary: Sanctioned tankers can transport legal crude oil with approval.
- The Bank of Canada's survey indicates that inflation expectations have risen, and businesses are more willing to pass on costs.
- Polls: Le Pen is set to win the first round of France's general elections, with at least 31% of the vote.
Responsible Editor: Ding Wenwu
