Domestic News:
1. China International Capital Corporation (CICC) plans to absorb and merge Dongxing Securities and Cinda Securities through a share swap.
2. Ministry of Foreign Affairs: If Japan refuses to retract its erroneous remarks regarding Taiwan, Japan will bear all the consequences.
3. Media reports that China has informed Japan of the suspension of imports of Japanese seafood. The Ministry of Foreign Affairs: Even if Japanese seafood were exported to China, there would be no market.
4. Ministry of Commerce: China welcomes the Netherlands' initiative to suspend its executive order against Nexperia. Both sides agreed that administrative intervention should be eliminated, and support and promotion should be given to enterprises to resolve internal disputes through negotiation in accordance with the law.
5. Wingtech Technology: The company's control over Nexperia remains restricted.
International News:
1. Major development in the Russia-Ukraine situation: It is reported that the US and Russia secretly drafted a 28-point framework for peace talks, demanding that Ukraine cede territory, disarm, and limit weapons. Discussions of this framework were conducted with little consultation with Ukraine or Europe. White House officials expect Russia and Ukraine to reach a framework agreement by the end of November. Ukraine reportedly opposes the agreement.
2. US Attorney General says Epstein case files will be released within 30 days. 3. Sources: The Trump administration is considering a temporary halt to semiconductor tariffs.
4. US media: The White House is taking steps to block legislation restricting AI chip exports.
5. The EU is planning its 20th round of sanctions against Russia, targeting its "shadow fleet" of oil tankers.
6. Nvidia's AI revenue and outlook both exceeded expectations; Jensen Huang stated that sales are booming.
7. UK inflation fell for the first time in seven months, with the market increasing bets on a December rate cut by the Bank of England.
8. Japanese media: Japan's economic stimulus package is expected to exceed 20 trillion yen, with supplementary budgets supporting the plan reaching approximately 17 trillion yen.
9. Overnight market activity—the USD/JPY pair broke through 157, reaching a 10-month high; the dollar index broke through the 100 mark; Google hit a new high, with its market capitalization exceeding $3.5 trillion.
10. The Federal Reserve—
① The US authorities canceled the October non-farm payroll report, and the November report was rescheduled for December 16th. This means the Fed will lack up-to-date non-farm payroll data for its December policy meeting.
② Milan: It is "possible" to further reduce its balance sheet in the future.
③ Trump's joke to the Treasury Secretary, threatening to fire Bessant if interest rates don't fall, alludes to Powell.
④ The minutes of the Fed's October meeting revealed serious divisions among officials: Several opposed the October rate cut, while others favored a cut but accepted maintaining the current rate. Several believed a further rate cut should be made in December, while many believed the Fed should hold rates steady.
