Domestic News:
1. Li Qiang arrives in Johannesburg to attend the 20th G20 Leaders' Summit.
2. Ministry of Education: The number of college graduates in 2026 is expected to reach 12.7 million.
3. Wang Wentao holds a video conference with UK Business Secretary Kell.
4. Guangzhou Futures Exchange: Adjusts transaction fees and trading limits for lithium carbonate futures contracts.
5. Industry associations will recommend setting cost red lines to regulate pricing; the lithium iron phosphate industry is promoting anti-involution.
6. Moore Threads: Initial public offering (IPO) and listing on the Science and Technology Innovation Board (STAR Market), issuing 70 million shares.
7. Ministry of Commerce: Currently, China is strictly implementing the consensus reached in the China-US Kuala Lumpur trade consultations.
8. Ministry of Commerce: Hopes the Netherlands will take concrete actions to quickly and effectively resolve the Nexperia semiconductor issue as soon as possible.
9. Ministry of Commerce: If Japan persists in its wrong course, China will resolutely take necessary measures. 10. Wang Wentao met with US Ambassador to China Pound Stokes, expressing concerns about US unilateral tariffs, export controls, two-way investment restrictions, visa screening, and restrictive clauses in US trade agreements with third parties. He also clarified China's position on issues such as Nexperia.
International News:
1. Zelensky received a draft US peace plan and will consult with Trump soon.
2. Trump signed a bill approving the release of the Epstein files.
3. The Central Bank of Argentina lowered its benchmark interest rate by 200 basis points to 20%.
4. The LME will cease platinum and palladium auctions starting in the middle of next year.
5. The White House: The US will exempt some Brazilian agricultural products from 40% tariffs.
6. Japanese government advisor: Intervention may be triggered before the yen falls to 160.
7. US media: Major US banks have shelved a $20 billion aid plan for Argentina.
8. US Vice President Vance: Markets are expected to "go crazy" over the non-farm payroll report. 9. All three major U.S. stock indexes fell, with the Nasdaq down more than 2%. Nvidia, which rose 5% intraday, ultimately closed down 3%.
10. Initial jobless claims in the U.S. fell to their lowest level since September last week, while continuing jobless claims continued to rise. Non-farm payrolls unexpectedly surged by 119,000 in September, while the unemployment rate rose slightly.
11. Federal Reserve—
① Barr: Expressed concern about inflation remaining at 3%. Support for the labor market is needed, but inflation needs to be restored to 2%.
② Hamak: Further rate cuts could prolong high inflation and pose risks to financial stability.
③ Goolsby: Expressed unease about a December rate cut and was unwilling to over-bet on "temporary inflation." 50-year mortgages could weaken the impact of monetary policy.
④ Cook: Would not be surprised if asset prices, which are at historical highs, collapse.
⑤ White House advisor Hassett: Data shows we should cut rates at the next Fed meeting.
