Jinshi Data summarizes important news from yesterday and this morning.
Original headline金十数据汇总昨日今晨重要新闻
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China’s State Council proposed letting Central Huijin play a market-stabilization fund-like role to reinforce capital-market stability mechanisms, while U.S. AI-linked equities sold off sharply, dragging the Nasdaq down 5.5% and erasing $3 trillion in S&P 500 market capitalization. The Bank of England raised rates 25 basis points to 4.00%, its first hike since August 2023 and in line with expectations, and Poland’s central bank added 28 tonnes of gold in October as global gold ETFs drew $27 billion of net inflows. Goldman Sachs cut its end-2026 gold forecast to $4,150 and its end-2027 view to $4,800. Fed officials Barkin and Hammack signaled a gradual, frequent-small-step approach and a shift toward a restrictive stance, Saudi Aramco cut its December Arab Light official selling price to Asia to a $7/barrel discount to the benchmark, and OpenAI launched its GPT-6 Cyber security model.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Nasdaq, S&P 500, Bank of England, Central Huijin, Goldman Sachs (GS), OpenAI
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