US large-bank shares fell in premarket trading after JP Morgan reported third-quarter results that missed expectations.

At the close on the 12th, NYMEX November light sweet crude futures (WTI) rose $1.89 to $93.74/bbl, +2.06%; ICE Brent December futures rose $1.93 to $106.65/bbl, +1.84%.

Domestic News 1. Wu Qing will attend the 2026 Financial Street Forum Annual Meeting and deliver a keynote speech. 2. China Association of Automobile Manufacturers (CAAM): New energy vehicle sales reached 53.6% of total new vehicle sales. 3. China Passenger Car Association (CPCA): September retail sales of new energy vehicles reached 1.084 million units, a year-on-year decrease of 16.7%. 4. Spokesperson of the Ministry of Commerce answered reporters' questions regarding the consensus reached in the China-EU consultations on hybrid and electric vehicles. 5. The Ministry of Foreign Affairs takes countermeasures against Belize's Minister of Foreign Affairs, Foreign Trade, Education, Culture, Science and Technology, Fonseca. 6. The Ministry of Foreign Affairs takes countermeasures against Paraguayan Minister of Communications and Technology, Villat. This decision will take effect on October 12, 2026. 7. Ministry of Finance: The VAT export tax rebate rate for new energy vehicles will be reduced from 13% to 9%, and the VAT export tax rebate for products such as electronic cigarette devices will be cancelled. International News 1. Houthi rebels claim Yemen's Mahavit province was attacked by a Saudi-led coalition airstrike. 2. Central Bank of the Democratic Republic of Congo: Congo will increase its gold reserves from 3 tons to 5 tons by the end of the year. 3. Central Bank of Kazakhstan plans to reduce its gold holdings, lowering the proportion of gold reserves by approximately 3%. 4. Iranian Revolutionary Guard: A supertanker was attacked in the Strait of Hormuz on Monday morning. 5. According to TASS: The Kremlin stated it is prepared to suspend strikes on Ukrainian election day. 6. Saudi Aramco CEO: We are exploring additional crude oil export routes and are committed to expanding the size of overseas oil storage facilities.