Despite Yangshan Port's spot price markup remaining at record highs for three consecutive days, international copper prices have failed to reverse their downward trend. Will we see a copper price rebound first, or a loosening of spot price markups? W

German Chancellor Merz said he told US officials ahead of the meeting between US President Trump and Russian President Putin: "Please do not bring us any surprises."

US Dollar: 1. The US fiscal deficit reached $404 billion in October, a 42% increase year-on-year. 2. US media revealed that several high-ranking officials in the Trump administration will face Democratic investigations and impeachment next year. 3. A New York Fed report confirmed that the US Treasury used approximately $500 million worth of euros to intervene in the yen in July. 4. Federal Reserve—① Hamak: Prefers smaller, more stable interest rate adjustments by the Fed; interest rates need to be more restrictive. ② The Fed's 2027 interest rate meeting schedule has been released; the October regular interest rate decision will be replaced by a discussion of monetary policy. ③ Goolsby: US inflation is at a dangerous point; further deterioration should be prevented. ④ Daly: Prefers further tightening of policy. ⑤ Williams: Inflation is too high; action needs to be taken in the near future. Euro: 1. Germany's 2027 budget was finalized; new borrowing exceeded €210 billion, the second highest since World War II. 2. A Reuters poll: The European Central Bank is expected to raise its deposit rate to 2.75% in December. Japanese Yen: 1. Berkshire Hathaway issued over 180 billion yen in bonds in Japan, with borrowing costs rising. 2. Japanese Prime Minister Sanae Takaichi: Maintaining close contact with US financial authorities regarding foreign exchange issues. 3. Bank of Japan Deputy Governor Ryozo Himino: Currently, there are no plans to further review the Bank of Japan's ETF sales. Other: 1. Turkish Central Bank survey: Policy interest rate is expected to be 28.90% in 12 months, and CPI is expected to be 30.04% by the end of 2026. 2. Survey: Russia's third-quarter GDP growth is expected to be 0.9% year-on-year, lower than the 1.3% increase in the previous quarter. 3. Bank of Italy: Frequent or unexpected changes to the financial system's tax system will exacerbate uncertainty and affect market participants' investment decisions. 4. Governor of the Central Bank of Russia: Expects to achieve the 4% inflation target as early as next year. In response to the impact of drone attacks, the central bank has selectively relaxed regulations on credit issuance.