Jin10 Data Summary of Important Financial News from Yesterday and This Morning

TechFlow reported on October 30 that, according to Jin10 Data, key news from yesterday and this morning was summarized on October 30. On the domestic front, the CPC Central Committee will hold a press conference on the morning of October 30 to introduce and interpret the spirit of the Fifth Plenary Session of the 20th Central Committee of the Communist Party of China; four government departments proposed further raising the level of trade liberalization and facilitation at the Hainan Free Trade Port; domestic gasoline and diesel prices are due to rise by CNY 440 and CNY 420 per ton respectively, while after regulatory adjustments the actual increases were CNY 345 and CNY 335 per ton.

On the international front, the U.S. economy grew 3.4% in the third quarter, beating market expectations; the U.S. September core PCE price index year-on-year came in at 3.1%, in line with market expectations; the European Central Bank kept its three key interest rates unchanged, with reports saying officials expect a rate hike in December followed by a pause in rate hikes; Intel's fourth-quarter earnings guidance fell short of expectations, and shares plunged 22% after hours; Amazon's revenue guidance missed expectations, and shares fell as much as 12% after hours; the U.S. completed the final tranche of crude oil loans under a global agreement, with about 40 million barrels set to enter the market.

Source: TechFlow