Market news: Ukrainian President Zelensky is in Sweden.

Domestic News: 1. Trump said China and the United States will reach a trade agreement at the APEC summit, but the two heads of state may not meet. The Ministry of Foreign Affairs responded: "No information is available at this time." 2. The draft rules for benchmark performance comparisons for public funds will be released soon. 3. Shenzhen: Strives to exceed 20 trillion yuan in total market capitalization for domestic and overseas listed companies by the end of 2027. 4. Shanghai's GDP grew by 5.5% year-on-year in the first three quarters; Beijing's GDP grew by 5.6% year-on-year in the first three quarters. 5. The EU announced it will hold talks with China to discuss rare earth export controls. The Ministry of Foreign Affairs responded: "We insist on properly resolving trade differences through dialogue and consultation." International News: 1. Petthornthan resigned as leader of the Pheu Thai Party. 2. U.S. Treasury Secretary Bensant: "Rising gold prices are helpful to us." 3. The shutdown continues; the U.S. Senate vetoes a temporary appropriations bill for the 12th time. 4. Google announces a landmark breakthrough in its "quantum echo" algorithm. 5. US Energy Secretary: Oil prices are very low, now is a good time to buy (to replenish war reserves). 6. Source: To curry favor with Trump, Japan's newly appointed Prime Minister Sanae Takaichi has drafted a purchase plan. 7. Spot gold's sharp fluctuations yesterday continued from the beginning of the Asian session to the end of the US session, forming a W-shaped trend with a range of $160. 8. Tariffs - ① News reports indicate that India and the US are close to reaching a trade agreement, reducing tariffs on India to 15%-16%. ② The Trump administration is preparing to launch a pharmaceutical investigation, paving the way for new tariffs. 9. Russia-Ukraine Situation - ① The EU approved the 19th round of sanctions against Russia, including a ban on liquefied natural gas imports. ② US media reported that the US allowed Ukraine to use long-range missiles against Russia, to which Trump responded: "Fake news!" ③ Bensant announced a "significant increase" in sanctions against Russia, and the US Treasury subsequently announced sanctions against two major Russian oil companies. ④ Trump canceled his meeting with Putin in Budapest because it would not produce any progress.

The EIA Strategic Petroleum Reserve inventory in the United States for the week ending October 17 was the highest since the week ending October 7, 2022; the increase was the largest since the week ending May 23, 2025, marking the 13th consecutive week of increase.