U.S. stock market closing | The three major indices showed mixed results, with nvidia temporarily falling over 5% after hours; bitcoin reached a new high, and stocks related to cryptos surged, with microstrategy rising by 10%.
S&P, Dow Jones, small cap stocks turned higher in the final hour, with the Nasdaq's decline significantly narrowing. Nvidia fell nearly 3% before closing down 0.8%, dropping 5% at one point after hours, as the financial report stated that Hopper and Blackwell face supply restrictions.
PBOC Leaves Loan Prime Rates Unchanged in November
The central bank today conducted a 981 billion yuan reverse repurchase operation for 7 days, with short-term fluctuations in liquidity being controllable, and the market expects a possible reserve requirement ratio cut in November.
①Today, 12.2 billion yuan reverse repos will mature, in addition to 1450 billion yuan MLF and 80 billion yuan of treasury cash deposits maturing. The central bank conducted a 981 billion yuan 7-day reverse repo operation. Industry insiders believe that under the new framework of the central bank, there may be a reserve requirement ratio cut once this year, possibly as early as November.
Trump's trade boosts the continuous strength of the usd, with the offshore renminbi close to the 7.25 threshold, how to hedge against the not weak USD?
① The offshore RMB experienced a sudden surge of over 150 basis points, approaching the psychological barrier of 7.25. ② In the future, it will be crucial to focus on whether the domestic stimulus policies related to internal demand can continue to maintain their strength in order to offset the impact of external risks on the RMB exchange rates.
China's Broad Money Supply Grows 7.5% in October
China's Newly-Issued Loans Fall 69% in October, Missing Estimates