On October 25th local time, the three major indexes of U.S. stocks closed higher, the popular Chinese stocks rebounded collectively, the US dollar fell significantly, and the prices of gold and crude oil rose.
Comprehensive Xinhua News Agency , CCTV News reported that Russian President Putin held a meeting of the Coordination Committee for the Protection of the Armed Forces' Demand; on October 25, US Department of Defense spokesman Pat Ryder said at a briefing that Russia has notified the United States that it will hold an upcoming annual military exercise, including strategic nuclear force exercises.
The three major U.S. stock indexes closed higher
Popular Chinese stocks rebounded
On October 25, the three major U.S. stock indexes closed higher. Wind data shows that as of the close, Dow Jones Index rose 1.07% to 31,836.74 points; S&P 500 Index rose 1.63% to 3,859.11 points; Nasdaq Index rose 2.25% to 1,199.12 points.
Source: Wind
New energy vehicle stocks have the highest increase in , Tesla rose 5.29%, NIO rose 12.49%, Xiaopeng Motors rose 10.89%, and Ideal Auto rose 8.31%.
Popular Chinese stocks rebounded collectively, Alibaba rose 0.06%, JD rose 3.03%, Pinduoduo rose 6.91%, Bilibili rose 8.05%, Baidu rose 1.83%, New Oriental rose more than 10%, and iQiyi rose more than 9%.
Source: Wind
The three major European stock indexes closed in a mixed manner. Wind data shows that as of the close, German DAX index rose 0.94% to 13,052.96 points, French CAC40 index rose 1.94% to 6,250.55 points, and the UK FTSE 100 index fell 0.01% to 7,013.48 points.
Source: Wind
USD index fell significantly. As of the New York foreign exchange market late trading , the USD index, which measures the USD against six major currencies, fell 0.90% to 110.9500.
International oil prices rose. As of the close of the day, the price of futures for light crude oil delivered on the New York Mercantile Exchange in December rose by $0.74 to close at $85.32 per barrel, an increase of 0.87%; the price of London Brent crude oil delivered in December rose by $0.26 to close at $93.52 per barrel, an increase of 0.28%.
Gold futures closed higher. December gold futures on the New York Mercantile Exchange rose $3.90, or 0.2%, to close at $1,658.00 per ounce.
According to media reports, on the 25th, executives of Wall Street went to Saudi to support the "Future Investment Initiative" conference. JPMorgan Chase head Jamie Dimon said at the meeting that he is now more worried about geopolitical issues than the economic recession. Dimon also said that US business and consumer spending remains strong at present, but their "excess savings" are likely to be spent in the middle of next year. Goldman Sachs CEO Solomon also said that if inflation has been in a state of high fever, it will be difficult to successfully suppress prices without triggering a recession. In addition, Europe may be in the process of an economic recession now.
news said Musk promised to complete the transaction this Friday
According to media reports, Musk told his co-investors who acquired Twitter that they will complete the acquisition of the social media platform by Friday. Musk held a video conference with the bank that financed his acquisition deal on Monday, where he made the promise, people familiar with the matter said.
It is reported that the banks will provide Musk with $13 billion in bond financing, and have completed the final credit agreement and are signing documents, which is one of the final steps before they provide Musk with cash.
Previously, media reported that seven Wall Street banks led by Morgan Stanley have been preparing to provide funds for Musk in recent weeks. The banks are expected to receive loan notices on Tuesday local time and cash is expected to be escrowed on Thursday, people familiar with the matter said.
Putin held a meeting of the Coordination Committee for the Protection of the Armed Forces
Coordination Committee on the 25th local time, Russian President Putin held a meeting of the Coordination Committee for the Protection of the Armed Forces Requirements and listened to the report of Russian Prime Minister m Shuskin .
In his speech, Putin emphasized that Russia currently faces unprecedented restrictions in the economic field, and all government departments need to make adjustments in various aspects such as service procedures and decision-making and regulatory basis in order to respond faster, better serve the economy and production, and provide all guarantees for armed forces and special military operations.
Putin asked the Coordination Committee to determine and submit goals and tasks in relevant fields as soon as possible.
U.S. Department of Defense: Russia has notified the United States that it will hold its annual military exercises, including strategic nuclear force exercises. Ryder said Russia is abiding by its arms control obligations and commitment to maintain transparency. He also emphasized that Russia's related exercises are routine annual exercises, and the US will pay close attention to this.
Edited by: Zhang Nan Wang Yin
