A[Overnight global news you need to know on Saturday: Trump said Russia will immediately supply diesel; the three major U.S. stock indexes collectively closed higher; Micron Technology expanded its stock buyback plan to US$35 billion in December]
1. Trump said that the United States and Russia have reached an agreement that Russia will immediately supply more than 300,000 tons of diesel to the U.S. and global markets, followed by an additional 500,000 tons in November, and 1 million tons shortly thereafter. In addition, Russia will deliver an additional 3 million tons of diesel fuel at short notice, depending on the status of its refineries.
2. According to the report of the European-Mediterranean Seismological Center, at 12:56 local time on the 9th, a 7.7-magnitude earthquake occurred in the Makarakas area of central Panama, with a focal depth of 12 kilometers. The U.S. Tsunami Warning System issued a tsunami warning.
3. Information released by the White House on the 9th showed that US President Trump signed a memorandum on the 7th to establish a committee to investigate allegations that US Federal Reserve Board Director Lisa Cook was involved in housing mortgage fraud and make recommendations on whether this constitutes grounds for dismissal from her position.
4. U.S. President Trump announced on social media on the 9th that he has appointed conservative commentator Katie Zakaria as White House press secretary to replace Caroline Leavitt, who resigned.
5. Russian Deputy Prime Minister Novak said that Russia will immediately begin to lift restrictions on diesel exports, earlier than originally planned.
6. U.S. bank deposits rose to $19.693 trillion from $19.638 trillion the previous week.
7. The latest survey by the Federal Reserve shows that by the end of 2025, the proportion of households with overdue loan repayments has increased from about 12% in the previous round of surveys to nearly 20%, an increase of approximately 67%.
8. Since the United States and Israel started war with Iran, the price of diesel in the United States has increased by about 70%, with the national average price reaching $6.28 per gallon on October 8.
9. Standard & Poor's confirmed the UK's "AA/A-1+" rating, with a stable outlook. S&P affirms Egypt's 'B/B' rating with stable outlook.
10. Micron Technology’s board of directors approved the expansion of the stock repurchase plan, which will take effect in December. Micron said in its 10-K filing that its board of directors "approved an increase in the maximum amount of common stock that may be repurchased at its discretion beginning December 9, 2026 to $35.16 billion."
11. The three major U.S. stock indexes collectively closed higher. The Dow Jones Industrial Average rose 0.83%, with a cumulative gain of 0.93% this week; the Nasdaq rose 0.64%, with a cumulative gain of 0.64% this week; the S&P 500 Index rose 0.59%, with a cumulative gain of 1.15% this week. Livermore's leading Chinese concept stock index closed up 2.34%, and popular Chinese concept stocks generally rose.
12. The settlement price of WTI crude oil futures was US$91.85/barrel, up 36 cents, or 0.39%. Brent crude oil futures settled at $104.72 per barrel, up 44 cents, or 0.42%.
13. COMEX gold futures closed up 1.52% at US$4,220.3 per ounce; COMEX silver futures rose by 2.84% at US$61.11 per ounce. B[, LME metal futures generally closed higher] On October 10, LME metal futures closed generally higher, with LME copper futures closing up $231 at $14,540/ton. LME aluminum futures closed down $2, at $3,048 per ton. LME zinc futures closed up $87 at $3,806/ton. LME lead futures closed up $28 at $1,888 per ton. LME nickel futures closed up $69 at $15,622 per ton. LME tin futures closed up $1,559 at $53,006 per ton. B[Guangdong officially launches the Green Belt Construction Plan and will build more than 1,000 kilometers of the Green Belt by 2030] October 9th, recently, the "Guangdong Province Green Belt Construction Plan (2026-2035)" was issued and implemented. The "Plan" clarifies that by the end of 2030, the province will have built more than 1,000 kilometers of green belts, connecting more than 2,000 green belts, more than 10,000 unique resource nodes, and adding 500,000 acres of green area. Looking forward to 2035, more than 3,000 kilometers of green belts will be built in the province. The pattern of blue and green intertwined green belts of "green belts connect the mountains and seas, and green charm comes to Guangdong" has basically been formed. The green belts have become the iconic ecological business card of green and beautiful Guangdong and benefit the people's livelihood and well-being.
The "Plan" proposes the implementation of four major actions and ten specific tasks: comprehensive river regulation, waterfront greening and beautification, improvement of water culture and leisure quality, and development of green water economy. It uses "typical scenes - core pieces - backbone corridors - watershed network" as the spatial skeleton to build "seven sceneries and three areas" The overall pattern of Guangdong’s “7356” Green Belt with “Five Corridors and Six Domains to Run Southern Guangdong” is to create seven major green belt scenes: city green corridor type, rural pastoral type, lake (reservoir) leisure type, canyon and bayou type, island green belt type, estuary and harbor type, and water conservancy project type; Build three core green belts of the "Golden Inner Bay"·Tongshan Dahai Blue Belt Area, "Ring Around Ten Thousand Green Lakes"·Green Belt Area of Beautiful Green Water Valleys, and "Ring Two Mountains"·Yunshan Green Valley Green Belt Area; based on the five backbone corridors of East, West, North, Han, and Jianjiang, build the Dongjiang River Basin·Visiting Charm and Sitting Source Green Belt There are six major river basin blue belt networks: the Xijiang River Basin·Baili Scenery Blue Belt Network, the Beijiang River Basin·Nanling Mountains and Waters Blue Belt Network, the Pearl River Delta River Basin·Waterside Vitality Blue Belt Network, the Hanjiang River and Eastern Guangdong River Basins·Chaoke Customs Blue Belt Network, and the Jianjiang and Western Guangdong River Basins·Charming Blue Bay Blue Belt Network. B[Public fundraising reappears with large self-purchase orders, real money and silver layout potential direction] October 9th, under the recent fluctuations in market conditions, a number of public fundraising institutions have made large-scale purchases, and "real money" self-purchases support their new funds. Among them, ICBC Credit Suisse Fund and its wholly-owned subsidiaries subscribed for a total of more than 45 million yuan in the construction machinery ETF ICBC, Industrial Securities Global Fund subscribed to Xingquan Hechen and Xingquan Youjia for 10 million yuan each, and Dacheng Fund, Invesco Great Wall Fund, and Bosera Fund also collectively purchased their new "fixed income +" products. In addition, in the third quarter, public equity institutions invested a total of more than 1.4 billion yuan out of their own pockets and established more than 120 sponsored funds, using real money to invest in promising directions. The reporter learned from the industry that fund managers have recently made self-purchases, which not only helps to raise funds for the establishment of new products in a contrarian environment, but also takes into account favorable opportunities for contrarian layout. Industry institutions believe that short-term barbell strategies will still be dominant, and they can focus on stable styles such as big finance and small and medium-sized technology growth directions. (China Securities Journal)
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