Market news: Oracle (ORCL.N) has postponed the construction of its data center for OpenAI from 2027 to 2028.

The top U.S. diplomat in Vietnam said the U.S. seeks to expand and deepen its defense relationship with Vietnam, while the two sides are still negotiating the details of a trade agreement.

Domestic News: 1. my country's total social financing in the first 11 months exceeded the total for last year. 2. Optimized regulatory measures for the import and export of lithium thionyl chloride batteries were introduced. 3. State-owned Assets Supervision and Administration Commission (SASAC): Central enterprises should consciously resist "involutionary" competition. 4. Zhejiang Securities Regulatory Bureau severely punished Youce Investment for illegal and irregular activities. 5. The People's Bank of China (PBOC) will conduct 600 billion yuan of outright reverse repurchase operations next Monday. 6. Ministry of Commerce: Vigorously boost consumption and optimize the implementation of the trade-in policy for consumer goods. 7. PBOC: Flexibly and efficiently utilize various monetary policy tools such as reserve requirement ratio (RRR) cuts and interest rate cuts. 8. He Lifeng: Continue to implement a moderately loose monetary policy and manage expectations effectively. 9. Ministry of Commerce and General Administration of Customs: Implement export license management for some steel products. 10. In response to issues such as "eye-catching large print, exemption from liability for small print," the State Administration for Market Regulation (SAMR) drafted enforcement guidelines. 11. Foreign media: India simplifies procedures to expedite the issuance of business visas to Chinese professionals. 12. The US and eight other countries, including Japan, South Korea, and Australia, signed an agreement to strengthen the rare earth supply chain; the Ministry of Foreign Affairs responded. 13. The Ministry of Industry and Information Technology: Efforts will be made to stabilize the industrial base and leverage the integrated effects of existing and new policies. 14. The State Financial Supervision and Administration Bureau: Supports the stabilization of the real estate market and helps build a new model for real estate development. 15. The Ministry of Transport: Accelerates the completion of the main framework of the national comprehensive three-dimensional transportation network and expands effective investment in transportation. 16. The National Energy Administration: Increases investment in shale oil exploration, development, and scientific research to achieve large-scale and efficient shale oil development. 17. Sources: Shareholders of Guanghe Qiancheng Company will subsequently push for capital increases; the planned silicon material production capacity will not exceed 1.5 million tons. 18. The State Administration for Market Regulation publicly solicits opinions on the "Guidelines for Compliance of Pricing Behavior in the Automobile Industry (Draft for Comment)". International News: 1. A 6.8-magnitude earthquake occurred in the sea area near eastern Honshu, Japan. 2. The Bank of Japan is reportedly expected to pledge further interest rate hikes at its meeting next week. 3. US version of the Russia-Ukraine plan revealed: Ukraine will be designated to join the EU in 2027. 4. According to Nikkei: Japan and Central Asian countries will cooperate on AI mining technology at their first summit. 5. Trump: Thailand and Cambodia have agreed to cease all fighting starting tonight and return to the original peace agreement reached previously. 6. Reports indicated that Oracle's data center project for OpenAI has been delayed from 2027 to 2028, which Oracle subsequently denied. 7. EU governments reached an agreement to indefinitely freeze the Russian central bank's assets in Europe; the Russian central bank sued the European Clearing Bank, warning the EU not to touch the frozen assets. 8. Sources: Musk's social media platform "X" achieved revenue of $752 million in the third quarter, a year-on-year increase of over 17%; revenue for the first nine months of this year is expected to exceed $2 billion. 9. Overnight Market Update – International gold and silver prices rose initially before falling. Spot gold briefly climbed back above $4350/oz before retreating to a low of around $4260/oz; silver prices, after reaching new highs, fell below $61/oz. 10. Federal Reserve – ① Goolsby: More data should be waited for before cutting rates; more rate cuts are expected in 2026 than the median. ② Schmid: Inflation remains too high; a moderately restrictive monetary policy should be maintained. ③ Paulson: More focused on employment risks; monetary policy is restrictive. Tariffs may push up costs but have not triggered widespread inflation. ④ Hamak: Inclined towards a slightly more restrictive policy stance.