Recording of Minesto's webinar Q3 update

TradingKey - Following the U.S. midterm elections, the artificial intelligence trade abruptly suffered massive capital outflows. In the face of this round of U.S. stock sell-offs, Wall Street has yet to reach a consensus.

TradingKey - Recently, SpaceX shares (SPCX) entered a phase of volatile recovery following a rapid pullback. As of November 12 Eastern Time, SPCX edged up 0.14% to close at $139.94, reaching an intraday high of $147.60 with a trading volume of approximately 95.96 million shares; in the latest overnight trading, it briefly rebounded above $141. Compared to its interim low of $120.39 on November 5, the stock has bounced back by approximately 16%, but it still has more than 100% upside potential toward the $300 price target set by JPMorgan.

On Friday, November 13, Eastern Time, U.S. stocks closed mixed as Nvidia extended its decline, dragging down the Nasdaq and the S&P 500, while the Dow finished slightly higher. A lower-than-expected month-over-month increase in the U.S. October Producer Price Index (PPI) initially lifted equities in early trading, but the year-over-year gain reached its highest level since November 2022, keeping inflationary pressures and the Federal Reserve's rate hike outlook in focus.

U.S. stocks fell following the release of the U.S. October Producer Price Index (PPI). Although the month-over-month increase came in below expectations, the year-over-year rise still hit a near four-year high. Coupled with hawkish remarks from Federal Reserve officials, markets continue to assess the size of a December rate hike and the potential for further policy tightening.

TradingKey - As of the Asian session on Friday (November 13), gold prices (XAUUSD) rebounded intraday following a sharp drop on Thursday, with the latest price trading near $3,910. On Thursday, gold tumbled 2.76% to close at $3,877.41, confirming a breakdown below the $3,900 mark and touching a low of $3,852.27, hitting a fresh nearly one-year low. The decline in gold was primarily driven by renewed Middle East tensions pushing up international oil prices, coupled with persistently elevated U.S. inflationary pressures, which continue to weigh on gold's short-term trajectory.