📈 Stocks / Finance

Global stocks rally on U.S.-China trade optimism

Reuters

Global stocks hit record highs as U.S.-China trade talks advanced and Trump-Xi prepared to meet. The S&P 500 rose 1.23% to 6,875.16, Nasdaq +1.86%, Dow +0.71%. Fed expected to cut 25 bps this week; dollar and Treasuries eased as risk appetite strengthened.

Palantir rebounds into buy range ahead of earnings

Investor’s Business Daily

Palantir (PLTR) rose 2% to 189.18, back in its 185.75–195.04 buy zone after hitting resistance earlier this month. The AI data firm posted 48% y/y revenue growth to $1B and 78% EPS growth. Q3 earnings due Nov 3 are forecast up 68% to $0.17 EPS on $1.09B sales.

Qualcomm jumps 13% on new AI data center chips

Investopedia

Qualcomm shares surged over 13% after unveiling AI200 and AI250 data center chips, set for 2026 and 2027. The expansion challenges Nvidia and AMD amid record AI demand. Qualcomm stock is up about 25% in 2025, leading S&P and Nasdaq gainers.

🪙 Crypto

Bitcoin tops $115K as Fed cut expectations rise

CoinDesk

Bitcoin climbed to $115,200 and ether to $4,160 amid optimism the Fed will cut rates Wednesday. BTC’s 30-day implied volatility fell to 44%, signaling lower stress. Older tokens like ZEC and BCH surged, while newer ones such as XPL and ASTER slumped on weak demand.

🌎 Global Economy

China industrial profits up 21.6% in September

Reuters

China's industrial profits rose 21.6% y/y in September, the fastest since Nov 2023. Jan to Sept +3.2%. Policy to curb overcapacity lifted utilization and margins, PPI ticked up. Deflation pressure and property weakness persist, and base effects may fade next month.

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