Jinshi Data releases a summary of important news from yesterday and this morning.
Original headline金十数据发布昨日今晨重要新闻汇总
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China’s October CPI rose 0.7% year on year while PPI climbed 5.7% and gained 0.7% month on month, anchoring a batch of domestic macro and policy releases. Beijing extended its suspension of the 24% additional tariff rate on US goods for two months from November 10, keeping the 10% rate in place, and the transport ministry paused special port fees on US vessels until January 10, 2027. Abroad, Middle East media reported progress in US-Iran nuclear talks, with a proposed framework releasing $6 billion to $9 billion of frozen Iranian assets upon a deal, though Tehran said it would not consider shipping enriched uranium abroad. Overnight, Brent crude briefly fell more than 7%, spot gold rose as much as 2%, the three major US stock indexes each closed up more than 2%, AMD gained 13% and Nvidia fell more than 4%. Google is set to launch TPU 8tx and 8i Max, and Anthropic will begin its Nasdaq IPO roadshow.
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
Customs Tariff Commission of the State Council, National Bureau of Statistics of China, Iran, United States, Ministry of Transport of China, Nvidia (NVDA), AMD (AMD), Google (GOOGL)
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