International News
1. The preliminary annualized quarter-on-quarter GDP for the United States in Q3 recorded 2.8%, lower than the market expectation of 3%. The preliminary annualized quarter-on-quarter Core PCE Price Index recorded 2.2%, higher than the expected 2.1%, but lower than the previous value of 2.8%.
2. The ADP employment number for October in the United States recorded 233,000, the largest increase since March 2024, significantly exceeding the market expectation of 114,000.
3. Multiple sources indicate a ceasefire between Israel and Lebanon is imminent.
4. The Kremlin denied reports regarding "preliminary negotiations between Ukraine and Russia to stop attacks on each other's energy facilities."
5. Sources say that OPEC+ may delay the planned production increase originally scheduled for December by a month or longer.
6. Germany's seasonally adjusted GDP growth rate for Q3 was better than expected, prompting traders to reduce the expectation of a 50 basis point rate cut by the European Central Bank in December, lowering the probability from around 45% to 22%.
7. The UK's autumn budget shows a tax increase of £40 billion; the tax on private equity profits will be raised to 32%; the lower rate of capital gains tax will be increased from 10% to 18%, and the higher rate will be raised to 24%; fuel tax will not be increased next year.
8. World Gold Council: The total global demand for gold in Q3 2024 was 1,313 tons, a year-on-year increase of 5%.