PBOC conducted a 151.0 bln yuan 7-day reverse repo today — bids 151.0 bln, accepted 151.0 bln — at 1.40%. It also injected 1.0 tln yuan via overnight reverse repos, totalling 1.151 tln yuan of short-term liquidity.

据黎巴嫩《消息报》（Al-Akhbar）报道，军事消息人士否认了亲沙特媒体有关也门南部萨拉菲派武装“巨人旅”已推进至曼德海峡附近祖巴卜机场西南部的报道。消息人士还称，胡塞武装在控制毗邻亚丁市的拉赫季省大片地区后，又在该省沿海地区取得新的军事进展。

CITIC Securities says rapid AI-led growth has lifted headline US activity but masks sectoral divergence: production and credit are overheated while employment and household demand remain soft. The firm judges Fed policy is more likely to be swayed by political forces than by fundamentals; some Fed officials may coordinate with the Treasury to compress long-term yields. Post-midterms, reduced uncertainty could be a short-term positive for risk assets, though increased political polarization could create fresh shocks. Asset scenarios: base-case “hot continuation” — US equities, gold and China A-shares outperform, bonds lag; alternative “cold diffusion” — US Treasuries, gold and A-shares lead. Gold is bullish across scenarios.