A[Overnight global news you need to know on Tuesday: A rebound in AI trading boosted the Nasdaq to close up 0.8%; oil prices fell; Brazil's stock index closed down 13.9%]
global news
1. Institutions such as Bank of America, Blackstone, Citigroup and Morgan Stanley are cooperating with Broadcom to jointly establish an AI financing arrangement totaling US$63 billion to provide funds for AI computing power.
2. Apple stated that it is aware of problems with a small number of iPhone Duo. Apple said the issue affects the iPhone Duo's internal display and users should contact Applecare for a replacement.
3. U.S. investment-grade bond issuance is expected to reach $1.76 trillion this year, surpassing the record of $1.75 trillion set during the lending boom triggered by the epidemic in 2020, as surging spending on artificial intelligence (AI) drives companies to increase borrowing.
4. Switzerland confirmed an Ebola case admitted to a Geneva hospital.
5. Anthropic released its IPO prospectus (S-1 document). The company plans to list on Nasdaq under the stock symbol "ANT". Anthropic is reportedly planning an IPO the week of November 16.
6. Anthropic’s IPO documents filed on Monday showed that the company’s seven founders each hold about 1.4% of the shares, and each has a wealth of more than $13 billion.
7. The adjusted earnings per share of EDA company Canton Electronics in the third quarter was US$2.11, higher than the market expectation of US$2.05; the adjusted earnings per share in the fourth quarter are expected to be US$2.19 to US$2.25, higher than the market expectation of US$2.02.
8. Microsoft will provide voluntary severance packages to 60,000 employees in the latest round of cost reductions.
9. Ernesto Soveron Guzman, Permanent Representative of Cuba to the United Nations, said that the United Nations General Assembly will consider the draft resolution "The economic, commercial and financial embargo of the United States against Cuba must be ended" from the 27th to the 28th.
10. Apple released a new iPad mini, equipped with an 8.5-inch OLED display and an A20 Pro chip. The body is only 5.4 mm thick and supports IP67 water and dust resistance.
11. OpenAI announced that its AI model has made new progress in three fields: mathematics, computer science and physics: mathematics involves "local smoothness and Kakeya conjecture" in harmonic analysis; computer science claims that "the exponential time hypothesis (ETH) is false"; physics involves "the existence of quantum chromodynamics (QCD) and the completion of the standard model."
12. Tony Pasquariello of Goldman Sachs Group said that as Wall Street suffered its largest sell-off since July, hedge funds sold technology stocks at the fastest speed in two years last Thursday, seriously questioning the market's belief in this transaction.
13. Castle Securities believes that the market has invested so much in artificial intelligence trading that there is almost no room for error once the huge investment fails to generate returns.
14. Brazil’s Finance Minister stated that the Brazilian Central Bank will intervene in the foreign exchange market if necessary, and the government will raise its primary fiscal surplus forecast for next year.
global market
1. The three major U.S. stock indexes collectively closed higher. The Nasdaq rose 0.82%, the Dow Jones Industrial Average rose 0.29%, and the S&P 500 Index rose 0.7%. The storage and optical communications sectors strengthened. Hynix rose more than 4%, Western Digital rose more than 3%, Micron Technology rose nearly 3%, Lumentum rose more than 8%, and Coherent rose more than 5%. Chip stocks generally rose, with the Philadelphia Semiconductor Index closing up 2.8%, the largest gain in a month.
2. Brazil’s main stock index closed down 13.9%, recording its worst single-day performance since 2020. The iShares MSCI Brazil ETF fell about 20%.
3. International oil prices fell from a six-month high. Senior officials from many countries went to Tehran to promote the resumption of security negotiations. Market concerns about further escalation of the situation in the Middle East have eased. Brent crude oil futures for December delivery fell 0.8% to settle at $115.81 a barrel. WTI crude oil futures for December delivery fell 1.5%, settling at $101.76 a barrel.
4. International precious metals rose. Spot gold prices rose 0.48% to US$4,016.97 per ounce; spot silver prices rose by 0.07% to US$53.95 per ounce.
5. Livermore’s leading index of Chinese concept stocks closed up 0.68%. Among the constituent stocks, Century Internet rose 6.59%, Legend Biotech rose 5.73%, Meihua Fortune rose 4.07%, Hesai rose 4.04%, and Melco Crown Entertainment rose 4.02%.
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