Real-time News

The Hungarian forint fell 0.5% against the euro after the Hungarian government raised its budget deficit target.

Gold prices rose to their highest level in nearly three weeks on November 11, driven by market expectations of further U.S. interest rate cuts and as U.S. lawmakers neared ending the government shutdown. Soojin Kim of MUFG Financial Group stated, “Optimism for further U.S. rate cuts has grown following the bipartisan agreement to end the country’s longest government shutdown in history. The reopening of the government is expected to unlock delayed economic data that could reveal a weakening economic outlook, thus reinforcing expectations of further monetary easing.” Meanwhile, President Trump’s tariff-related comments—including suggestions to use tariff revenue to provide at least $2,000 in payments to most Americans—added another layer of uncertainty to global markets.

The onshore yuan closed at 7.1207 against the US dollar at 16:30 on November 11, down 32 points from the previous trading day.

AstraZeneca's European shares hit a new record high, rising more than 2%.

November 11th - As AI servers transition from HBM3E to HBM4 in their HBM standard, the increasing number of stacking layers leads to a roughly 50% increase in NOR Flash usage. Macronix, a storage company, is fully booked and plans to raise its NOR Flash prices by up to 30% in the first quarter of next year.

ECB Governing Council member Koch said: "We are in a favorable position on interest rates; expectations suggest that not much will happen in the next few months; being able to react is crucial."

ECB Governing Council member Koch said: Fiscal pressures in one country could quickly spread to other countries; public spending could push up inflation in the short term; and fiscal disparities could weaken the ECB’s policy transmission mechanism.

November 11th - European Central Bank Executive Board member Heinz Eldersen, who rarely comments on monetary policy, stated in an interview that the risks to inflation in the Eurozone are balanced and that current interest rate levels are appropriate. "The risks of higher-than-expected inflation are balanced with the risks of lower-than-expected inflation," Spanish financial media outlet Expansion quoted Eldersen as saying on Tuesday. "Overall, what we are seeing now is that inflation will move closer to our 2% target in the medium term."

The UK's FTSE 100 index hit a record high, rising more than 1% on the day.

On Tuesday, November 11, the Hang Seng Index closed up 47.35 points, or 0.18%, at 26,696.41; the Hang Seng Tech Index closed up 8.83 points, or 0.15%, at 5,924.39; the H-share Index closed up 18.25 points, or 0.19%, at 9,461.49; and the Red Chip Index closed up 23.94 points, or 0.56%, at 4,291.65.

On November 11th, RoboSense announced that its LiDAR deliveries exceeded 120,000 units in October, setting a new industry record. The 120,000th digital LiDAR unit has been delivered to a leading global new energy vehicle manufacturer.

On November 11, Xu Xin, Deputy Director of the Department of Legal Affairs and System Reform of the National Energy Administration, stated at the meeting that the National Energy Administration will further increase policy support for introducing private capital into the energy sector, improve the long-term mechanism for private enterprises to participate in major projects such as nuclear power, hydropower, and inter-provincial and inter-regional DC transmission channels, study and demonstrate shareholding ratios, refine specific requirements, and effectively promote the implementation of the "Several Measures on Further Promoting the Development of Private Investment".

President of Idemitsu Kosan, Japan's second-largest oil company: We hope to diversify our crude oil procurement to some extent, including U.S. supplies, but from an operational perspective, a large-scale transformation is not easy.

ECB Executive Board member Herderson: Inflation risks are balanced.

On November 11th, Li Chunfang, Deputy Director of the Industrial Development Department of the National Development and Reform Commission, stated at a press conference that the next step will be to work with relevant departments to implement an action plan to expand and improve the service industry. Specifically, this will focus on supporting greater private capital investment in producer services, including: supporting the orderly flow of private capital to high-value service industries; focusing on key areas such as industrial design, common technology services, inspection and testing, and quality certification; encouraging private enterprises to enter higher value-added sectors such as science and technology services; increasing support for private enterprises to participate in key producer services projects; and promoting high-quality development of producer services across various sectors.

On Tuesday, November 11th, the German DAX 30 index opened 29.18 points higher, or 0.12%, at 24005.25; the UK FTSE 100 index opened 82.18 points higher, or 0.84%, at 9869.33; and the French CAC 40 index opened 25.30 points higher, or 0.31%, at 8080.81. The Stoxx 50 index opened 16.39 points higher, or 0.29%, at 5680.85 on Tuesday, November 11; the Spanish IBEX 35 index opened 39.30 points higher, or 0.24%, at 16214.50 on Tuesday, November 11; and the Italian FTSE MIB index opened 34.33 points higher, or 0.08%, at 43930.00 on Tuesday, November 11.

President of Idemitsu Kosan, Japan's second-largest oil company: Middle Eastern oil-producing countries have spare capacity and should be able to fully absorb changes in demand.