Global news you need to know before the U.S. stock market opens on Wednesday

Wallstreetcn
2025.11.05 13:51

Ministry of Commerce: Stop implementing anti-circumvention measures on imports of single-mode optical fibers with specific cutoff wavelengths originating from the United States. Joint Statement from the 11th China-Russia Finance Ministers' Dialogue: Both sides are willing to continue promoting cooperation under the G20 financial channels. Employment stabilization signals! The U.S. ADP added 42,000 jobs in October, exceeding expectations, while wage growth continues to stagnate. The U.S. has set the quarterly refinancing scale at $125 billion, in line with expectations. The longest shutdown in history costs the U.S. economy $15 billion per week, potentially erasing 2 percentage points from fourth-quarter growth. The Eurozone's composite PMI rose to a 29-month high in October, with Germany's strong recovery becoming the growth engine, while France remains mired in contraction. European Central Bank Governing Council member Stournaras: The European Central Bank will not hastily conclude that it should cut interest rates at the next meeting. SK Hynix gains an advantage in negotiations with Nvidia, HBM4 prices rise over 50%, securing record performance for next year in advance! China's version of Tesla! In 2026, XPeng plans to collaborate with AutoNavi to launch Robotaxi and mass-produce humanoid robots. Wegovy sales fall short of expectations, Novo Nordisk's Q3 revenue grows by 5%, marking the fourth downward revision of its full-year performance guidance. AI server shipments surge, Foxconn's October sales hit the highest monthly record since the company's establishment. Beware of bubbles! Deutsche Bank considers shorting AI stocks for risk hedging. U.S. stock futures slightly rise before the market opens, as global stock market sell-offs continue, with safe-haven sentiment boosting U.S. Treasuries and gold, while Bitcoin stabilizes after a sharp decline. The Nikkei 225 index closed down 2.57%, the Shanghai Composite Index closed up 0.23%, and the Hang Seng Index closed down 0.07%