EUR/USD
1.16701
-0.144%
Gold
4225.88
-2.313%
Oil
57.108
0.343%
USD/JPY
150.476
0.031%
GBP/USD
1.34371
0.019%
GBP/JPY
202.200
0.056%
Real-time News
On October 18, Kirill Dmitriev, Chairman of the Russian Direct Investment Fund (RDIF), stated that discussions regarding the tunnel project began after US President Trump and Zelensky mentioned it at the White House. Dmitriev had previously stated on the 16th that Boring Company technology could be used to build an intercontinental tunnel across the Bering Strait. He stated that the RDIF had studied existing proposals, including the US-Canada-Russia-China railway, and supported the most feasible option.On October 18, AFP reported that a source in the Ukrainian delegation revealed to the media that Ukrainian President Volodymyr Zelensky presented a map of potential targets in Russia to US President Donald Trump during their meeting in Washington, D.C., on Friday (October 17). The report quoted the source as saying, "The map shows pressure points in Russias defense and military economy that could be targeted to force Russia to end the war." As of press time, neither the White House nor Russia has responded to this report.1. All three major U.S. stock indices closed higher, with the Dow Jones Industrial Average up 0.52%, the S&P 500 up 0.53%, and the Nasdaq up 0.52%. American Express rose over 7%, and Apple rose nearly 2%, leading the Dow higher. The Wind US Tech Seven Index rose 0.86%, with Tesla up over 2% and Nvidia up 0.79%. Most Chinese concept stocks rose, with Futu Holdings up over 4% and Pony.ai down over 5%. For the week, the Dow Jones Industrial Average rose 1.56%, the S&P 500 rose 1.7%, and the Nasdaq rose 2.14%. 2. All three major European stock indices closed lower, with the German DAX down 1.61%, the French CAC 40 down 0.18%, and the UKs FTSE 100 down 0.86%. For the week, the German DAX fell 1.49%, the French CAC 40 rose 3.24%, and the UKs FTSE 100 fell 0.77%. 3. U.S. Treasury yields rose across the board, with the 2-year up 4.77 basis points, the 3-year up 4.96 basis points, the 5-year up 5.19 basis points, the 10-year up 4 basis points, and the 30-year up 2.66 basis points. 4. International precious metals futures generally closed lower. COMEX gold futures fell 0.85% to $4,267.90 per ounce, a weekly gain of 6.69%; COMEX silver futures fell 5.01% to $50.63 per ounce, a weekly gain of 7.15%. 5. The main U.S. crude oil contract closed up 0.46% at $57.25 per barrel, a weekly loss of 2.80%; the main Brent crude oil contract rose 0.46% to $61.34 per barrel, a weekly loss of 2.22%. 6. Most of the base metals in London fell, with LME tin futures down 2.07% to $35,030/ton, down 3.16% for the week; LME nickel futures fell 1.03% to $15,110/ton, down 1.11% for the week; LME zinc futures fell 1.03% to $2,942.50/ton, down 1.97% for the week; LME copper futures fell 0.38% to $10,607/ton, up 0.85% for the week; LME aluminum futures fell 0.36% to $2,778.50/ton, up 1.11% for the week; LME lead futures rose 0.31% to $1,971.50/ton, down 2.43% for the week.1. Hamas and Egypt discussed post-war security in the Gaza Strip. 2. Israels Defense Minister stated that those crossing the "yellow line" in Gaza would be met with retaliatory fire. 3. The UN Deputy Secretary-General entered Gaza and called for the opening of all crossings. 4. Guterres refuted Houthi accusations, posing a serious threat to the safety of UN personnel. 5. Market News: Pakistan "conducted precision airstrikes" in the Afghan border area. 6. Irans Foreign Minister stated that UN Security Council Resolution 2231 expires on the 18th, ending previous restrictions on Iran. 7. Sources: Afghanistan and Pakistan agreed to extend the 48-hour ceasefire until delegation-level talks can be held in Doha. 8. The Israeli Prime Ministers Office stated (in response to remarks by a senior Hamas official) that Hamas must disarm, "no ifs, no buts." 9. A senior Hamas official stated that it is impossible to definitively answer whether Hamas will give up its weapons. Hamas hopes for a three- to five-year ceasefire to rebuild Gaza, but stressed that it is not intended to pave the way for a new war.On October 18, local time, on October 17, US President Trump signed an executive order to impose a new 25% tariff on imported medium and heavy trucks and parts starting November 1. Trump said that a 10% tariff would also be imposed on imported passenger cars.
