To The Moon

📅 Market Analysis Summary (October 31st)

​Here is a summary of global market activity and key economic news for October 31st, based on the available information:

​Global Stock Markets & Tech Sector

​Asia: Asian equities generally climbed, with Japanese shares leading gains, as sentiment was boosted by strong earnings from U.S. tech giants Apple and Amazon. However, Chinese markets (Shanghai, Shenzhen, and Hong Kong's HSI) saw declines.

​United States (Previous Close - October 30th): Wall Street's major indexes lost ground.

​Nasdaq and S&P 500 led losses as shares of Meta Platforms and Microsoft tumbled on investor worries about surging capital expenditure for Artificial Intelligence (AI).

​US Futures (October 31st): Futures on the S&P 500 and Nasdaq 100 rebounded and rose significantly following strong after-hours earnings from Amazon (cloud unit growth) and Apple (revenue beat and bullish forecast).

​Key Economic Data & Monetary Policy

​US Federal Reserve (Fed): The Fed delivered a second consecutive rate cut, bringing the federal funds rate down to 3.75\%-4.00\%, the lowest level in three years. However, a more hawkish tone from the Fed suggested that a December rate cut is not guaranteed.

​Euro Area: The economy expanded by 0.2\% quarter-on-quarter in the third quarter (Q3) of 2025.

​Germany: Inflation slowed slightly to 2.3\% in October, down from 2.4\% in September.

​China: The official NBS Manufacturing PMI slipped to 49.0 in October, marking the seventh consecutive month of contraction in the factory sector.

​Japan: Industrial output increased 2.2\% in September from the previous month, the first growth in three months.

​Thailand: The economy is projected to grow 2.4\% in 2025, a slight increase from an earlier forecast, driven by year-end stimulus and robust exports.

​Commodities & Geopolitics

​Precious Metals: Gold held steady near \$4,000 per ounce, buoyed by safe-haven demand and the Fed's rate cut. Silver, platinum, and palladium all climbed sharply. Silver was supported by strong industrial demand from the solar and EV sectors.

​Oil: US benchmark crude and Brent crude oil prices slipped.

​Trade: A fragile trade truce was reached between the U.S. and China, following a meeting between Presidents Trump and Xi Jinping. Key disputes remain, but China agreed to begin the process of purchasing 'American energy.'

​APEC Summit: The 32nd Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting kicked off in South Korea. Chinese leader Xi Jinping promised to help defend global free trade at the summit, which U.S. President Trump did not attend.