News

Russian Defense Ministry: Russian forces hit a cargo ship and an oil tanker in the Black Sea.

Australia's S&P/ASX 200 index closed up 105.90 points, or 1.17%, at 9135.60 on Tuesday, November 10.

Jefferies: Lowered its price target for Tesla (TSLA.O) from $400 to $375.

Japan's economic watchers outlook index for October was 46.5, down from 47.4 in the previous month.

Japan's Economic Watchers Current Conditions Index for October was 46.1, down from 47 in the previous month.

The Japan Meteorological Agency stated that there is a 100% probability that the El Niño weather pattern will peak in early winter and then continue until the spring of 2027.

According to the Wall Street Journal, U.S. military aircraft have withdrawn from a second military base in the UK due to threats from Iran.

Sources say Apple will investigate the deaths of three workers at a Tata Group iPhone component factory.

Sources say Tata's iPhone component factory in India was not affected by production disruptions, and the worker's death occurred during a factory shutdown due to a holiday break.

The yield on Japan's 30-year government bonds rose 2.5 basis points to 3.865% after the auction.

A study published in *Nature Energy* by Cornell University on November 9th shows that by 2025, the cost of grid infrastructure related to data center expansion in the four major U.S. grid regions will reach $8.25 billion. However, data centers will only bear $3.12 billion, or 38%, of the cost; the remaining $5.13 billion, or approximately 62%, will be borne primarily by residential users. The study also found that data center expansion has driven up wholesale electricity prices in some areas, with the most affected grid regions seeing increases exceeding 10% in 2025. Virginia saw an increase of approximately 15%, and the southern San Francisco Bay Area saw an increase of approximately 20%. Meanwhile, U.S. transmission infrastructure investment is projected to increase from $2 billion in 2020 to $34 billion in 2025. The study argues that the current grid cost-sharing mechanism often relies on historical electricity consumption rather than the actual source of new demand, resulting in residents bearing a portion of the infrastructure costs brought about by data center expansion, with rural areas and low-income households being particularly affected.

The bid-to-cover ratio for the Japanese 30-year government bond auction was 3.36, compared to 3.88 in the previous auction.

Following the US midterm elections, some states may tighten data center approval requirements, potentially delaying approximately 5GW of US data center projects from 2028 to 2029, representing 20% ​​of US projects and 10% of global projects. The bank believes that 2027 construction plans will not be significantly affected, but new US data center capacity may decline by 4% year-on-year in 2028, rebounding by 38% in 2029. Despite project delays, Morgan Stanley maintains its capital expenditure forecast for hyperscale cloud vendors, projecting totals of approximately $1.6 trillion and $1.8 trillion in 2027 and 2028, respectively. The bank believes this change is more about postponing construction than the end of the AI ​​infrastructure investment cycle, potentially leading to a temporary supply-demand mismatch in the data center supply chain in 2028 and increasing the value of existing, operational data center assets.

Sources say the deaths of three workers at a Tata Group Apple iPhone parts factory occurred during water tank maintenance work and the cause of death was asphyxiation.

The Office of the United States Trade Representative announced that the United States will extend its trade investigation into Vietnam's intellectual property protection for three months until the end of February next year.

Russian Foreign Minister Lavrov: Ukraine is ignoring Trump's calls to stop attacks on Russian energy targets.

Russian Foreign Minister Sergey Lavrov: Since 2022, Russia has supplied Europe with energy resources worth $320 billion.

Russian Foreign Minister Lavrov: The diesel agreement reached with the United States is working, and diesel prices are falling.

In an interview with C-SPAN, Trump stated that if Iran attempts to conduct activities at "Gorshock," the United States might have to strike, but no such activity has been detected at the site so far. The US is monitoring Iranian nuclear facilities and cannot allow Tehran to possess nuclear weapons, because Iran would use them if it did.

According to the General Administration of Customs, China's crude oil imports in October totaled 41.938 million tons, compared to 37.096 million tons in September.