A[Reminder of important events in the capital market next week: China’s CPI and PPI data for September will be released. ASML and TSMC’s financial reports verify whether the growth momentum of AI infrastructure investment can continue]
1. The National Bureau of Statistics will announce September CPI at 09:30 on October 14, with a year-on-year increase of 0.8% in August. The PPI for September was announced on the same day, with a year-on-year figure of 3.8% in August. In addition, September financial data may be released next week.
2. The General Administration of Customs will announce September import and export data at noon on October 14. In August, exports increased by 25% year-on-year and imports increased by 28.2%.
3. The price adjustment window for this round of refined oil products is 24:00 on October 15, and the domestic retail price of gasoline and diesel is expected to be reduced by 270 yuan/ton.
4. Next week (October 12th to October 16th), a total of 37 companies will gradually lift their restricted shares, with a total market value of 42.61 billion yuan. The top three companies in terms of market value after the lifting of the ban are: Shaanxi Energy (23.856 billion yuan), Shougang Holdings-U (3.008 billion yuan), and Dapu Micro-UW (2.673 billion yuan).
5. One new stock will be issued next week. Wenfeng Optoelectronics officially launched the public issuance process on the Beijing Stock Exchange and determined the issuance price to be 11.45 yuan per share. The online subscription date is October 12.
6. The U.S. Bureau of Labor Statistics will announce September CPI at 20:30 on October 14, with the previous value being 3.4% year-on-year. Agencies expect headline inflation to rise, driven in part by higher energy prices. On October 15 (Thursday), the Federal Reserve will release the Beige Book on Economic Conditions.
7. The 2026 Nobel Prize in Economics will be announced on October 12 (Monday) at 17:45 Beijing time.
8. The 140th Canton Fair will be held in Guangzhou from October 15th (Thursday) to November 4th. 64% of exhibitors apply new technologies such as industrial Internet and artificial intelligence.
9. The 26th China International Industrial Expo will be held in Shanghai from October 12 to 16 (Monday to Friday); the 2026 10th International Industrial Internet Conference and the Space Computing Industry Technology Application Ecological Forum will also be held at the same time.
10. The 2026 Artificial Intelligence Industry Conference will be held in Jinan from October 14th to 16th (Wednesday to Friday). The conference has attracted more than 3,000 high-quality companies in subdivided tracks, and more than 50 domestic and foreign industry leaders, including Nvidia, Huawei, ZTE, Haier, Baidu, and Yushu Technology, will make a concentrated appearance.
11. JD.com’s 2026 “Double 11” event is scheduled to launch on October 12 (Monday), and Taobao and Tmall’s “Double 11” event will launch on October 15 (Thursday).
12. Apple announced that it will hold a "Welcome Home" theme event on October 13, and is expected to launch a new generation of Apple TV 4K, HomePod mini, and a new home hub device. iPhone Duo will start pre-sale on October 16th and will be officially launched on October 23rd.
13. Anthropic will hold a Pre-IPO Investor Day with potential investors on October 14, and may launch formal IPO marketing as early as the week of November 9.
14. The Business, Innovation, Science and Trade Committee of the British Parliament has sent letters to Meta, Google, OpenAI and Anthropic, inviting them to attend the AI safety evidence hearing on October 13.
15. Tesla posted on the X platform that the Roadster event has been rescheduled to October 15; the new car may be equipped with an air-conditioned propulsion system from SpaceX.
16. Step Star will officially open source Step 5 Preview on October 15th. Step Terminal will release the first smart phone STEPX Neo on the 13th; Qianwen AI glasses will be released on the 13th. It is rumored that Gemini 4.0, Claude Opus 5.2, and GLM-5.4 will be released, but there is no official announcement.
17. The Q3 earnings season for the U.S. stock market has kicked off. JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo will be the first to announce their results on Tuesday, followed by Bank of America, Morgan Stanley and BlackRock on Wednesday. Technology giants ASML and TSMC will also release financial reports on the 15th and 16th. A[Overnight global news you need to know on Wednesday: The Nasdaq hit a new high, Trump’s speech at the United Nations General Assembly focused much of his Middle East policy, and the United States signed security agreements with Denmark and Greenland]
1. Trump said that he will hold talks with Iran in the near future and that the United States and Iran may reach an agreement after the mid-term elections. It was also stated that Hosan might have to be destroyed.
2. The United States signed a security agreement with Denmark and its autonomous territory Greenland on the 22nd to "strengthen security in the Arctic and North Atlantic regions."
3. Fed Collins said that he believes that inflation is more likely to remain above 2%, and raising interest rates will help bring inflation back to target.
4. Fed Barkin said it was unclear whether further interest rate increases were needed.
5. Fed Williams said it will continue to pay attention to the central clearing of the U.S. Treasury market.
6. The Iranian Foreign Minister met with the US special envoy in New York. Iran said that the meeting between Iran and the US was to convey the conditions for reopening the strait.
7. Iran plans to seize ships until 20% of the Strait of Hormuz fine is paid.
8. Trump said he thought Ukraine would reach a deal. He also said that the situation in Cuba is not very optimistic.
9. Zelensky stated that he is ready to achieve an energy ceasefire with Russia.
10. US President Trump said that if the judge rules, CNN, MSNOW and Politico may be allowed to re-enter the White House.
11. The three major U.S. stock indexes closed with mixed gains, with the Nasdaq rising 0.45%, the S&P 500 closing flat, and the Dow falling 0.36%. Among them, the Nasdaq hit a new all-time high. The Philadelphia Semiconductor Index rose more than 2%, hitting a new closing high since mid-July. Storage concept stocks generally rose, with SanDisk rising by more than 6%, Micron Technology rising by 5%, and Seagate Technology rising by more than 4%. Major European stock indexes ended mixed, with Germany's DAX30 index rising 0.1%.
12. COMEX gold futures rose 0.28% to US$4,396.2 per ounce; COMEX silver futures rose 1.8% to US$67.61 per ounce.
13. The settlement price of international crude oil futures closed down more than 1%. WTI crude oil futures October contract fell 1.24%, Brent crude oil futures November contract fell 1.09%.
14. Anthropic said that Claude Opus 5.5 is now available on all platforms, and two large models, Claude Sonnet 5.5 and Claude Haiku 5.5, will be launched in the next few weeks.
15. OpenAI launches GPT-6 SOL and GPT-6 LUNA. The API prices of GPT-6 SOL and GPT-6 LUNA are reduced by 50% compared to their GPT-5.6 promotional pricing.
16. Apple announced that the new Mac mini and Mac Studio are officially launched. Apple is reportedly developing a new fitness tracker aimed at competing with Whoop.
17. SpaceXAI announced that the number of users of its AI agent product Grok Bot exceeded 400,000 within the first month of its launch.
18. It is reported that Microsoft will continue to review shareholder proposals before next year's annual shareholder meeting.
19. Qualcomm launched the sixth generation of Snapdragon 8 Elite Extreme and the sixth generation of Snapdragon 8 Elite.
20. Goldman Sachs is in talks to buy Palmer Square, a US$37 billion credit company.
21. Wayve has reached a cooperation with Mercedes-Benz and will apply the Wayve AI autonomous driving system to future Mercedes-Benz models.
22. PayPal announced a partnership with Meta.
23. Saudi Aramco is reported to be planning to reorganize its organizational structure and is considering the possibility of spinning off some business units and listing them on the market.
24. JPMorgan Chase CEO Jamie Dimon recently stated that the spending boom in the AI field shows no signs of slowing down, and investment in the entire hyperscale data center ecosystem may reach US$1 trillion next year.
25. Sensor Tower data shows that the number of downloads of Meta's AI agent application Meta Muse exceeded ChatGPT within five days after it was launched, becoming the most downloaded free application on the US iOS platform, with cumulative downloads exceeding 2.5 million times.
26. CME Group will launch Bitcoin Cash and Uniswap futures, scheduled to be listed on October 19.
27. Fitch raised its oil price forecast in 2027 and TTF natural gas price forecast in 2026-2027, maintaining its forecast of Brent crude oil price in 2026 at US$87 per barrel. B[Step 5 Preview, a new flagship base model, is released and ranks among the top three open source models in the world's authoritative list] Step Star releases a new generation of flagship base model, Step 5 Preview, focusing on AI programming, software engineering, professional knowledge work, finance and other scenarios to improve the overall performance of the model in real-world Agentic tasks, achieve a good balance between capabilities, cost, efficiency and scene coverage, and further expand the optimal boundary between intelligence and cost. In the global authoritative list Artificial Analysis Intelligence Index (AA Comprehensive Intelligence Index), Step 5 Preview ranks among the top three open source projects in the world. It is worth noting that the single-task cost of this model is only 1/8 of that of Claude Opus 5. It is understood that Step 5 Preview will be officially open sourced on October 15th. (Kechuangban Daily reporter Huang Xinyi) B[OpenAI updates GPT-6 Astra interface to supplement model performance, API pricing and other information] On September 7th, OpenAI recently updated the GPT-6 Astra product page to supplement model performance, enterprise applications, security capabilities, API pricing and other information. Astra achieved 99.9% in ARC-AGI-3, about 97.6% in FrontierMath Tier 4, and 57.9% in Terminal-Bench 4.0, which was higher than GPT-5.6 Sol’s 37.3% and slightly higher than Claude Fable 5.1’s 55.8%; the professional task Agents’ Last Exam scored 59.3%, which was also higher than Claude Opus 5’s 55.5%. OpenAI also made it clear that Astra will be opened to Plus, Pro, Business and Enterprise users in the next few days, and will enter API, Azure and AWS Bedrock. From this point of view, this update of the product page is likely to prepare for a wider opening, but the specific full launch time has not yet been announced. B[Alibaba updates flagship model Qwen3.8-Max] "Science and Technology Innovation Board Daily" reported on the 2nd that on September 2, Alibaba updated its flagship model Qwen3.8-Max, and its performance was significantly improved compared to the older version. After special post-training for programming (Coding) and professional office (Cowork), the overall performance of the new version of Qwen3.8-Max has been enhanced. In CodeArena, the world's authoritative three-party list focusing on front-end programming capabilities (WebDev), it increased by 22 points to 1691 points, ahead of Claude Opus5, Kimi K3 and other models, ranking first in the overall list. At the same time, CodeArena’s updated model price/performance list (Pareto frontier) shows that the new version of Qwen3.8-Max has a comprehensive average of only US$5 per million Tokens, directly "killing" all other models with prices greater than US$5. It is understood that Qwen3.8-Max is Alibaba Qianwen's most powerful large language model to date, with a total parameter of 2.4 trillion and support for 1 million context tokens. The updated Qwen3.8-Max has stronger agent programming capabilities and is more suitable for real complex enterprise tasks, scientific research, long-term tasks, etc.
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