TREE NEWS reports: Fu Jingtao, chief strategist at Shenwan Hongyuan Research, said A-shares could stage an oversold rebound and stop making new lows in the window before March-April 2027, with room for AI applications to open new tracks. He spoke on Nov. 10 at the brokerage’s 2027 capital markets annual conference.
TREE NEWS reports: Goldman Sachs expects Anthropic to turn free cash flow positive only in 2030, when the company is projected to generate $33.6 billion in FCF. The forecast implies the AI developer will continue burning cash through the rest of the decade before reaching that inflection point.
TREE NEWS update: US Secretary of State Marco Rubio said on July 10 in Paris that economic sanctions and maritime blockade measures have been “very effective,” making large-scale military operations in Iran unnecessary. Rubio made the remarks during a visit to the French capital, indicating the US sees current pressure tactics as sufficient.
TREE NEWS update: European Central Bank Governing Council member and Bundesbank President Joachim Nagel said a December interest-rate increase appears “fairly obvious.” Nagel, who also heads Germany’s central bank, made the remark in comments reported on the likelihood of a year-end move by the ECB. The signal points to expectations of further monetary tightening in the euro area.
TREE NEWS update: Abu Dhabi National Oil Company (ADNOC) said one of its vessels was attacked and damaged in UAE territorial waters in the Persian Gulf on the afternoon of the 10th. The statement did not specify the extent of the damage or identify the attacker. The incident occurred in Emirati territorial waters, ADNOC said.
TREE NEWS update: The Council of the European Union on 9 November extended the mandate of the EU Military Assistance Mission for Ukraine by two years, to 15 November 2028, and agreed to establish a permanent in-country office in Ukraine. The office is intended to strengthen coordination with Ukrainian authorities and international partners.
TREE NEWS reports: The US two-year Treasury yield is on track for its largest single-day increase since April 2025. The move marks a sharp repricing at the short end of the curve, with the session’s climb standing out against recent trading. No specific driver was cited in the data.
TREE NEWS reports: Nvidia shares fell about 4.6% and are now more than 30% below their 52-week high of $243.37. Based on roughly 24.1 billion shares outstanding, the company’s market value has shed as much as about $1.76 trillion from its peak.
TREE NEWS reports: The Nasdaq Golden Dragon China Index fell more than 1%, with JDZG dropping 20.66% and Huhu Technology sliding 11.69%. Canadian Solar lost 6.01%, JinkoSolar fell 3.99% and 21Vianet declined 3.82%.
TREE NEWS reports: The dollar rose 0.5% against the yen on an intraday basis, with USD/JPY quoted at 158.695. The move put the pair at that level, reflecting a firmer dollar against the Japanese currency.
TREE NEWS update: Former US President Joe Biden discloses in his upcoming memoir “Promise Me, America” that President-elect Donald Trump was unusually warm during a private meeting in the Oval Office after the 2024 election, leaving Biden momentarily speechless. The book is due for publication soon.
TREE NEWS update: Alta has raised $47.5 million to build a bank-focused blockchain network, with Airwallex planning to connect the network to local payment rails. Alta is building privacy and institutional policy checks into settlement.
TREE NEWS update: The Shanghai Stock Exchange’s M&A and Reorganization Review Committee will meet on Nov 17 to review Soochow Securities’ application to buy an 83.68% stake in Donghai Securities from 60 counterparties including Changzhou Investment Group. Soochow Securities said it plans to pay through both share issuance and cash. The committee’s 2026 23rd review session will decide on the transaction.
TREE NEWS update: Yemen’s Houthi movement said on the 10th that it had again attacked Saudi Arabia’s King Khalid International Airport, a financial center, oil facilities and military gathering points. The group did not provide further details on the targets or the results of the attacks. There was no immediate comment from Saudi authorities.
TREE NEWS reports: Nicolai Tangen, CEO of Norway’s sovereign wealth fund, said Jensen Huang has “done extremely well” in building and leading Nvidia. Tangen declined to comment on recent events at the company and called whether Nvidia remains a good investment “a difficult question.” The fund held a 1.3% stake in Nvidia worth $61.8 billion at the end of June, making it the fund’s largest single equity holding.
TREE NEWS reports: At the US market open, the S&P energy sector fell 2.29% while the technology sector dropped 1.29%. The financial sector bucked the trend with a 0.41% gain. The moves reflect a mixed start to the trading session, with energy and tech leading declines and financials posting modest gains.
TREE NEWS reports: Bitcoin fell below $74,000 on Wednesday after the Bureau of Labor Statistics reported October core inflation above forecasts. The cryptocurrency swung more than $1,100 within five minutes of the data release and then traded in the high-$73,000s.
TREE NEWS reports: Energy sector ETF fell 2.24% and semiconductor ETF dropped 2.14% in early US trading, leading declines among sector ETFs. Global tech index ETF and tech sector ETF fell as much as 1.79%, while financials ETF rose 0.41% and global airlines ETF gained 0.79%.
TREE NEWS update: Decrypt Money users will be able to send funds without broadcasting transaction amounts, through Helius’ Solana Privacy Rings, the companies said. The privacy feature is being rolled out as Decrypt’s Money account grows out of The Information Exchange. No launch date or user figures were disclosed.
TREE NEWS update: The Monetary Authority of Singapore announced on the 10th that it will provide gold storage services to foreign central banks, international financial institutions and sovereign entities, aiming to cement Singapore’s status as a key precious metals trading hub. Deputy Prime Minister and MAS chief Gan Kim Yong said demand for gold has risen as foreign investors and central banks diversify portfolios amid growing external uncertainty, and that some foreign central banks have already expressed interest.