News

The Chinese Embassy in Spain stated on the 28th that there were four Chinese citizens on the train involved in the collision in Spain, and there are currently no reports of Chinese citizens dying.

Goldman Sachs estimates that trend-following funds (CTAs) sold nearly $3 billion in Nasdaq 100 futures over the past three trading days, marking the largest three-day sell-off since March 2025. Ironically, the massive sell-off was followed by a rebound in US stocks, making the Nasdaq 100's performance appear as if CTAs sold at a short-term low. CTAs typically adjust their positions automatically based on market trends, reducing positions when the index falls and gradually buying back in as the trend strengthens. If this rebound continues, CTAs may increase their positions again, transforming the previous concentrated selling into subsequent buying, further amplifying market volatility.

Industry sources say Russia’s first shipment of grain exported from the Arctic may be destined for Morocco.

German Chancellor Merz: German and Japanese companies have reached more than 20 business agreements covering the field of fusion technology.

German Chancellor Merz stated in Tokyo that Japan and Germany hope to explore the possibility of jointly developing a fighter jet.

Japanese Prime Minister Sanae Takaichi: It has been confirmed that she will cooperate firmly with German Chancellor Merz on the Ukraine issue.

Officials at the Murmansk Arctic port said that Russia has diverted trade from the Black Sea following attacks on the port and ships, and the port has begun loading its first batch of grain.

The chairman of the Securities and Exchange Commission of India stated that the agency is working to implement a global AI regulatory toolkit and is considering developing a domestic AI regulatory model specifically for the securities market.

The Swiss House of Representatives committee voted to discuss the UBS Capital issue.

Jefferies: Lowered its price target for Boeing (BA.N) from $265 to $230.

Spanish Prime Minister Sánchez: I am shocked by the serious train accident in Toledo and extend my concern, solidarity and support to all the victims and their families.

New Oriental (09901.HK): The ordinary cash dividend for fiscal year 2027 will be US$0.2 per ordinary share, and the company plans to repurchase no more than US$200 million of its American Depositary Shares or ordinary shares within the next 12 months.

Sberbank of Russia: We have not found any significant outflow of funds following the attack on our data center.

UBS's CEO issued a veiled threat, suggesting that the bank might withdraw from the Swiss market if Switzerland implements its plan to require UBS to hold billions of dollars more in capital.

European Parliament member Lizer: There are significant differences among the political groups in the European Parliament on the issue of carbon market reform.

The European Parliament's Environment Committee will vote on reforms to the carbon emissions trading system on December 1.

According to the Spanish newspaper El País: A high-speed train collision occurred near Toledo today, and the government's initial estimate is that at least 10 people have died.

According to reports, Naftogaz, Ukraine's national gas company, has signed a memorandum of understanding with the U.S. State Department on oil and gas cooperation.

The Philippine Energy Minister stated that the Philippines is also negotiating with Japan, Kuwait, the UAE, Russia, the United States, and Australia regarding oil storage issues.

Switzerland's ZEW Economic Situation Index for October was 26.7, down from 17.9 in the previous month.