【Jin Ten Data Organization: Summary of Important News from European and American Markets on November 1】
Domestic News:
1. Ministry of Foreign Affairs: Starting from November 8, 2024, a visa-free policy will be trialed for ordinary passport holders from Slovakia, Norway, Finland, Denmark, Iceland, Andorra, Monaco, Liechtenstein, and South Korea.
2. Ministry of Commerce: A series of new policies in the consumption sector will be introduced in collaboration with relevant departments.
3. Ministry of Commerce and six other departments revised and released the (Management Measures for Strategic Investment by Foreign Investors in Listed Companies).
4. Ministry of Commerce: The European side indicated that it will continue discussions on the specific details of the EU's price commitments regarding the anti-subsidy case for electric vehicles in China.
5. Ministry of Housing and Urban-Rural Development: After eight consecutive months of decline, the total transaction volume of new and second-hand residential properties in October achieved growth for the first time.
6. According to Caixin: The October Caixin China Manufacturing Purchasing Managers' Index (PMI) released on November 1 recorded 50.3, up 1 percentage point from September, returning to the expansion zone.
7. China Academy of Information and Communications Technology: In September, the domestic market mobile phone shipment volume was 25.371 million units, a year-on-year decrease of 23.8%.
8.
International News:
1. The US October non-farm payroll data was unexpectedly low, recording the smallest increase since December 2020; traders increased bets on a 25 basis point rate cut by the Federal Reserve next week.
2. Tokyo Stock Exchange will extend trading hours by half an hour starting November 5.
3. Fitch: The 'real number' for October non-farm employment may be an increase of 119,000.
4. Russian media: Kazakhstan's Kashagan oil field has restored production to 80% after maintenance.
5. Traders increased bets on a rate cut by the Bank of England, expecting four cuts by the end of 2025.
6. The Lebanese Prime Minister's Office denied the claim that the US requested Lebanon to unilaterally ceasefire with Israel. (Transferred from: Jin Ten Data)