Global news you need to know before the U.S. stock market opens on Tuesday
CSRC Chairman Wu Qing: The underlying logic of the capital market's long-term positive trend will become more solid! In October, new housing starts in the U.S. fell by 3.1% month-on-month to 1.311 million units, hitting a three-month low. According to CCTV News, Putin signed a decree approving the new version of Russia's basic nuclear deterrence policy. European Central Bank Governing Council member Muller: A 25 basis point rate cut is possible in December. The final CPI for the Eurozone in October was 2%, returning to the central bank's target, paving the way for a rate cut in December. Wall Street "prophet": U.S. home prices need to drop by 20% to break the "supply-demand deadlock" in the housing market. Walmart's Q3 revenue and profit both exceeded expectations, raising its revenue guidance again, with a nearly 4% pre-market increase. XPeng's Q3 net loss narrowed by 53.5%, and its Q4 delivery guidance is the strongest in history. Weibo's U.S. stock pre-market rose nearly 6%, with the company's third-quarter net revenue and adjusted earnings per share exceeding estimates. Baidu's Robin Li: The cost of Baidu's sixth-generation unmanned vehicle RT6 has dropped to 250,000 yuan each. Market risk aversion is rising, European stocks are falling further, U.S. Treasury yields continue to decline, the dollar is retreating, gold has surged past $2,630, and Advanced Micro Devices is up over 40% in pre-market trading. The Nikkei 225 index closed up 0.5%, the Shanghai Composite Index closed up 0.67%, and the Hang Seng Index closed up 0.44%