Global TradFi & Macroeconomics

On November 3, the People's Bank of China and Bank Indonesia held a joint working mechanism conference. Deputy Governors Xuanchang Xuanchang and Thomas Giwan Donoto attended, and both sides exchanged views on cooperation progress and priorities for bilateral financial

According to Jin10 Futures, the CNEX market-wide sentiment index fell to 50 as of 4 p.m. on November 5, down 1 point from 2:30 p.m. Large banks, mid-sized banks, and non-bank institutions reported sentiment indices of 47, 50, and 52 respectively, each declining 1 point. The index ranges from 0 to 10

According to Singapore's Economic Development Board, middle distillate oil inventories declined 472,000 barrels to 8.03 million barrels, the lowest level in 9 weeks, as of the week ended November 4.

European stock indices opened higher on November 5, with the DAX up 0.05%, the FTSE 100 rising 0.95%, the CAC 40 gaining 1.01%, and the Stoxx Europe 50 advancing 0.32%.

According to Singapore's Economic Development Board (EDB), light distillates inventory declined by 221,000 barrels to 11.083 million barrels for the week ending November 4, reaching a two-week low.

According to CryptoQuant analyst Darkfost, the 90-day rolling correlation between Bitcoin and S&P 500 returns surpassed zero for the first time since 2015, reaching a cumulative Z-score of 98.5 on November 5. A Z-score above zero indicates elevated correlation compared to historical averages,

Switzerland's unadjusted unemployment rate came in at 3% in October, matching expectations and the prior month's reading.

According to Jin10, Bank of England Governor Andrew Bailey warned on November 5 that assessing the strength of second-round inflation effects is premature, with evidence suggesting impacts remain modest so far. Bailey noted UK inflation remains "deeply frustrating" above target, but firms are

According to Jin10 Futures, citing Guangfa Futures research on November 5, China's polypropylene (PP) futures 2701 contract fell to the limit-down level of 9,544 yuan/ton on November 5, down 609 yuan/ton or 6% from the previous close of 10,153 yuan/ton. The contract remained limit-down throughout th

According to China's Ministry of Commerce, on November 5, China is Oman's largest trading partner and primary crude oil export destination, while Oman ranks as China's fourth-largest trade partner among Arab nations. The two countries have expanded bilateral investment and advanced infrastructure co

U.S. defense stocks declined on November 4 following the 2026 midterm elections, in which Republicans secured control of both the Senate and House of Representatives. The Republican congressional majority threatens President Trump's proposed defense budget expansion, creating uncertainty for

UK AI cloud provider Nscale, preparing for an initial public offering at a $35 billion valuation, faces a major setback after Microsoft declined to exercise expansion options on a Texas data center capacity lease. Nscale clarified this week that the unexercised option involves approximately 500MW of

The U.S. Energy Department reported on November 4 that commercial crude oil inventories decreased 9 million barrels to 409.8 million barrels for the week ending October 30. Crude oil production reached a record high of 14 million barrels per day during the same week. The inventory decline occurred a

According to MoneyDJ, European stocks closed lower last Friday (October 30) as concerns about artificial intelligence investment costs sparked by U.S. tech earnings triggered a selloff. The pan-European STOXX 600 index declined 0.36% to 646.75 points, while technology stocks tumbled 2.75%, marking t

According to MoneyDJ citing Taipei Foreign Exchange Brokers, on November 4, the Taiwan dollar depreciated 1.25 jiao to NT$32.885 against the U.S. dollar, touching an 18-month low of 32.90 during the session. Markets sold off broadly following U.S. midterm election results, with the Taiex index

Novo Nordisk (NVO.US) reported third-quarter earnings on November 4 that exceeded analyst expectations, driven by strong sales of oral weight-loss drug Wegovy, prompting the Danish pharmaceutical giant to raise its full-year outlook for the third time this year. The company's adjusted Q3 revenue

According to the U.S. Department of Energy, as of October 30, commercial crude oil inventories declined 9 million barrels to 409.8 million barrels, falling 4% below the five-year average. Distillate fuel oil inventories dropped 3.6 million barrels to 99.26 million barrels, hitting the lowest level s

Qualcomm reported Q4 FY2026 adjusted revenue declined 7% year-over-year to $10.44 billion in the period ending September, with smartphone chip revenue falling 26% to $5.14 billion and missing analyst estimates, while the company excluded Apple orders from its current quarter guidance as the iPhone m

Insulet, an insulin pump manufacturer, reported third-quarter revenue of $842 million, up 19.2% year-over-year, with adjusted earnings per share of $1.99, a 60% increase from the prior-year period. The company attributed the growth to a customer base expansion exceeding 20% annually and the