Domestic News:
1. Wang Wentao held a video conference with British Business Secretary John Kell.
2. China Academy of Information and Communications Technology (CAICT): Domestic mobile phone shipments reached 27.931 million units in September, a year-on-year increase of 10.1%.
3. He Lifeng emphasized during his research trip to Hubei and Hunan that efforts should be made to continuously improve the quality and efficiency of foreign trade and remove obstacles to the construction of a unified national market.
4. The China Chemical and Physical Power Sources Industry Association will issue a notice recommending that companies use the industry average cost range disclosed by the association as an important reference for quotations and avoid dumping lithium iron phosphate at low prices beyond the cost limit.
5. Wang Wentao met with US Ambassador to China Matthew Pompeo, expressing concerns about US unilateral tariffs, export controls, two-way investment restrictions, visa scrutiny, and restrictive clauses in US-third-party trade agreements, and clarifying China's position on issues such as Nexperia.
International News:
1. SoftBank will invest up to $3 billion in OpenAI's data center factory.
2. The Central Bank of Argentina lowered its benchmark interest rate by 200 basis points to 20%. 3. The LME will cease platinum and palladium auctions starting in the middle of next year.
4. Google (GOOGL.O): Launches the Nano Banana Pro (Gemini 3 Pro image).
5. Data: US initial jobless claims fell to their lowest level since September last week, while continuing jobless claims continued to rise. September's non-farm payrolls unexpectedly surged by 119,000, complicating the Fed's interest rate decision; the interest rate market is still pricing in a no-rate-cut rate in December.
6. Fed Governor Barr: Expressed concern about inflation remaining at 3%. He stated that the labor market needs support, but inflation needs to return to 2%. Fed Chairman Hamak: Further rate cuts could prolong high inflation and pose risks to financial stability. US Vice President Vance: Expects the market to "go crazy" over the (non-farm payroll) report.
