Jin10 Data compiles key financial news from yesterday and this morning.
On October 30, jin10 data compiled a summary of key news from yesterday through early today. Domestically, the Central Committee of the Communist Party of China will hold a press conference on the morning of the 30th to introduce and interpret the spirit of the Fifth Plenary Session of the 20th CPC Central Committee; four government agencies have called for further improving trade liberalization and facilitation in the Hainan Free Trade Port; domestic gasoline and diesel prices are set to rise by 440 yuan and 420 yuan per ton, respectively, with the actual increase reaching 345 yuan and 335 yuan per ton after regulatory adjustments.
Internationally, U.S. economic growth came in at 3.4% in the third quarter, surpassing market expectations; the year-on-year rate of the U.S. core Personal Consumption Expenditures (PCE) Price Index for September stood at 3.1%, aligning with market forecasts; the European Central Bank kept its three key interest rates unchanged, with reports indicating that officials anticipate a rate hike in December followed by a pause; Intel’s fourth-quarter earnings guidance missed estimates, sending its stock plunging 22% in after-hours trading, while Amazon’s revenue guidance also fell short of expectations, with shares dropping as much as 12% after hours; the United States has completed the final tranche of crude oil lendings under the global agreement, with approximately 40 million barrels expected to enter the market.