The U.S. Senate's advancement of the temporary funding bill is interpreted by the market as a signal that the deadlock has been broken. Additionally, the reopening of the government may release the frozen TGA accounts, and the expectation of liquidity release has driven a broad rebound in risk assets. The technology sector, led by AI concept stocks, has made a strong comeback, with leading stocks like Nvidia surging, significantly boosting the Nasdaq's performance, while the VIX fear index has dropped sharply.
U.S. Treasury prices have retreated, and the yield on the 10-year Treasury has begun to approach a one-month high. The U.S. dollar index narrowly halted its three-day decline. Bitcoin surged over 2% during the session, breaking above $106,000. Gold rose to a two-week high, and silver surged back above $50.
Here are the movements of core assets:
<blockquote>
<ul>
<li>
Pre-market U.S. stocks, according to Wall Street Insight, the U.S. Senate's procedural vote passed the temporary funding bill, providing funding for the government until January next year. The glimmer of hope in the government shutdown crisis has boosted market sentiment, with Nasdaq futures soaring over 1.4%, and spot gold also strongly breaking through $4,100 per ounce.
</li>
<li>
Early U.S. stocks, the three major U.S. stock indices opened strongly higher, with the Nasdaq index jumping 1.52% at the open. Tech stocks rebounded across the board, with the semiconductor ETF rising over 2.6%. Chinese concept stocks also performed strongly, with the Nasdaq Golden Dragon China Index up 2%.
</li>
<li>
Gold continued to rise after breaking through $4,100, driving gold mining stocks to soar collectively, with GAU rising 13.2% during the session, and Hecla Mining rising over 8%. The NYSE Gold Mining Index surged over 4%.
</li>
<li>
During U.S. stocks, data from the U.S. private sector showed that consumer prices in October rose at a slower pace for the first time in three months, reinforcing expectations of cooling inflation. U.S. Treasury yields rose, with the 10-year Treasury yield briefly increasing by over 5 basis points.
</li>
<li>
Midday U.S. stocks, the Senate Majority Leader stated that a vote on the temporary spending bill would occur soon. Federal Reserve Governor Milan reiterated dovish remarks, stating that a government shutdown would not affect the outlook on the U.S. economy, and a 50 basis point rate cut is expected in December.
</li>
<li>
Wall Street Insight reported that Switzerland and the U.S. may finalize a trade agreement within the next two weeks, with 39% tariffs being cut to 15%. The U.S. dollar rose nearly 0.3% against the Swiss franc before slightly turning down after the news.
</li>
<li>
At the close of U.S. stocks, all U.S. stocks surged, with the Nasdaq index closing up 2.27%, and the S&amp;P 500 index rising 1.54%, both recovering most of last week's losses. Nvidia rebounded strongly today after last week's pullback, closing up 5.8%, marking the largest single-day gain since April
</li>
</ul>
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b690f6e6-f02f-4ef2-a70b-7929a80479d2.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b690f6e6-f02f-4ef2-a70b-7929a80479d2.png"/> (U.S. stock benchmark index intraday performance)
</blockquote>
On Monday, all three major U.S. stock indices rose, with the semiconductor ETF up nearly 3.1%, leading the U.S. industry ETFs, and the S&amp;P technology sector rising about 2.7%.
<blockquote>
U.S. stock benchmark indices:
<ul>
<li>
The S&amp;P 500 index rose by 103.63 points, an increase of 1.54%, closing at 6832.43 points.
</li>
<li>
The Dow Jones Industrial Average rose by 381.53 points, an increase of 0.81%, closing at 47368.63 points.
</li>
<li>
The Nasdaq rose by 522.637 points, an increase of 2.27%, closing at 23527.174 points. The Nasdaq 100 index rose by 551.929 points, an increase of 2.20%, closing at 25611.737 points.
</li>
<li>
The Russell 2000 index rose by 0.94%, closing at 2455.645 points.
</li>
<li>
The VIX (Volatility Index) fell by 7.76%, closing at 17.60.
</li>
</ul>
U.S. industry ETFs:
<ul>
<li>The semiconductor ETF rose by 3.07%, the global technology stock index and technology sector ETF rose at least 2.56%, the internet stock index ETF rose by 1.72%, the energy sector ETF rose by 0.90%, while the global airline industry ETF fell by 0.40%.</li>
</ul>
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b0fa2e5c-3f2f-49f4-9b8f-83fd30c92f3d.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b0fa2e5c-3f2f-49f4-9b8f-83fd30c92f3d.png"/> (November 10th U.S. stock industry sector ETFs)
The Magnificent Seven in Technology:
<ul>
<li>
The Wind U.S. Technology Stock Magnificent 7 index rose by 2.85%.
</li>
<li>
NVIDIA rose by 5.79%, Alphabet A rose by 4.04%, Tesla rose by 3.66%, Microsoft rose by 1.85%, Amazon rose by 1.63%, Meta rose by 1.62%, and Apple rose by 0.45%.
</li>
</ul>
Chip Stocks:
<ul>
<li>
The Philadelphia Semiconductor Index rose by 3.02%, closing at 7156.954 points.
</li>
<li>
TSMC ADR rose by 3.07%, AMD rose by 4.47%.
</li>
</ul>
Chinese Concept Stocks:
<ul>
<li>
The Nasdaq Golden Dragon China Index rose by 2.25%, closing at 8238.36 points.
</li>
<li>
Among popular Chinese concept stocks, XPeng rose by 15.6%, Canadian Solar rose by 13.8%, and Huazhu rose by 8.8%.
</li>
</ul>
Other Individual Stocks:
<ul>
<li>Eli Lilly rose by 4.57%.</li>
<li>Metsera fell by 14.8%, and Pfizer has finalized a $10 billion acquisition of biotechnology company Metsera.</li>
</ul>
</blockquote>
On Monday, the Eurozone blue-chip index rose by over 1.7%, with components like Prosus, Siemens Energy, and Deutsche Bank rising over 4% leading the way. The Italian stock index rose by nearly 2.3%, with the banking sector up 3.9%.
**
<blockquote>
Pan-European Stock Market:
<ul>
<li>
The European STOXX 600 index closed up 1.42%, at 572.82 points.
</li>
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The Eurozone STOXX 50 index closed up 1.76%, at 5664.46 points.
</li>
</ul>
National Stock Indices:
<ul>
<li>
The German DAX 30 index closed up 1.65%, at 23959.99 points.
</li>
<li>
The French CAC 40 index closed up 1.32%, at 8055.51 points.
</li>
<li>
The UK FTSE 100 index closed up 1.08%, at 9787.15 points.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c7bdfa8f-4cb7-4c83-8a82-409dd53ff2e4.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c7bdfa8f-4cb7-4c83-8a82-409dd53ff2e4.png"/> (Performance of major US and European stock indices on November 10)
</li>
</ul>
Sectors and Stocks:
<ul>
<li>
Among Eurozone blue chips, Prosus rose 4.66%, Siemens Energy rose 4.62%, Deutsche Bank rose 4.39%, and Banco Bilbao Vizcaya Argentaria rose 4.21%.
</li>
<li>
Among all components of the European STOXX 600 index, Camurus rose 14.59%, Kingspan Group rose 6.84%, Lottomatica Group rose 6.77%, and Deutsche Bank rose 6.57%, ranking fourth.
</li>
</ul>
</blockquote>
US Treasury prices fell, and the yield on the 10-year US Treasury began to approach a one-month high.
<blockquote>
US Treasuries:
<ul>
<li>
At the New York close, the yield on the 10-year US Treasury rose by 1.55 basis points, at 4.1121%.
</li>
<li>
The yield on the 2-year US Treasury rose by 2.92 basis points, at 3.5908%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/9d7f855c-cda6-44d8-8add-13f494a5475f.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/9d7f855c-cda6-44d8-8add-13f494a5475f.png"/> (Yield on major US Treasury maturities)
</li>
</ul>
European Bonds:
<ul>
<li>
At the European close, the yield on the 10-year German Treasury rose by 0.2 basis points, at 2.668%.
</li>
<li>
The yield on the 10-year UK Treasury fell by 0.4 basis points, at 4.461%.
</li>
<li>
The yield on the 10-year French Treasury fell by 2.3 basis points, at 3.440%.
</li>
</ul>
</blockquote>
The US dollar index fluctuated and stabilized. The Japanese yen fell by 0.4%, while the Australian dollar rose by 0.7%.
<blockquote>
US Dollar:
<ul>
<li>
At the New York close, the ICE US Dollar Index fell by 0.01%, at 99.591 points, with an intraday trading range of 99.742-99.455 points.
</li>
<li>
The Bloomberg US Dollar Index fell by 0.06%, at 1218.67 points, with an intraday trading range of 1221.03-1217.94 points.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/1811a21d-4a53-49c5-9bfc-00d5a52aabb6.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/1811a21d-4a53-49c5-9bfc-00d5a52aabb6.png"/> (The Bloomberg US Dollar Index continues its recent downward trend)
</li>
</ul>
Non-US Currencies:
<ul>
<li>
At the New York close, the euro fell 0.04% against the US dollar, the British pound rose 0.15% against the US dollar, and the US dollar fell 0.04% against the Swiss franc.
</li>
<li>
Among commodity currencies, the Australian dollar rose 0.71% against the US dollar, reported at 0.6538. The New Zealand dollar rose 0.43% against the US dollar, while the US dollar fell 0.19% against the Canadian dollar.
</li>
</ul>
Japanese Yen:
<ul>
<li>
At the New York close, the US dollar rose 0.39% against the Japanese yen, reported at 154.02 yen, with an intraday trading range of 153.36-154.25 yen.
</li>
<li>
The euro rose 0.36% against the Japanese yen, and the British pound rose 0.56% against the Japanese yen.
</li>
</ul>
Offshore Renminbi:
<ul>
<li>At the New York close, the US dollar was reported at 7.1228 yuan against the offshore renminbi, down 34 points from last Friday's New York close, with an overall intraday trading range of 7.1272-7.1186 yuan.</li>
</ul>
Cryptocurrency:
<ul>
<li>At the New York close, CME Bitcoin futures BTC main contract rose 1.73% from last Friday's New York close, approaching the level of $106,000.</li>
</ul>
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c4cd51bc-1a63-4131-a251-83064e339a7d.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c4cd51bc-1a63-4131-a251-83064e339a7d.png"/> (Bitcoin price)
<ul>
<li>
CME Ether futures DCR main contract rose 1.86%, reported at $3,540.
</li>
<li>
Spot Solana fell 0.34%, Dogecoin fell 0.39%, and XRP rose 7.46%.
</li>
</ul>
</blockquote>
Crude oil rose over 1% during the session, rebounding for two consecutive days.
<blockquote>
Crude Oil:
<ul>
<li>WTI December crude oil futures closed up $0.38, an increase of 0.64%, reported at $60.13 per barrel.</li>
</ul>
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/813bf4bd-63eb-4dda-ba09-8bc86117d019.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/813bf4bd-63eb-4dda-ba09-8bc86117d019.png"/> (WTI crude oil futures rebound above $60)
<ul>
<li>Brent January crude oil futures closed up $0.43, an increase of 0.68%, reported at $64.06 per barrel.</li>
</ul>
Natural Gas:
<ul>
<li>NYMEX December natural gas futures closed at $4.3380 per million British thermal units.</li>
</ul>
</blockquote>
Spot gold rose over 2.8%, returning above $4,100, with New York futures gold rising over 4.7%.
<blockquote>
Gold:
<ul>
<li>At the New York close, spot gold rose 2.84%, reported at $4,114.96 per ounce, continuing to rise throughout the day, trading in the range of $3,998.67-$4,115.84.</li>
</ul>
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/dfb3e534-d128-4e85-b58c-7a467358ddee.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/dfb3e534-d128-4e85-b58c-7a467358ddee.png"/> (Spot gold price returns to $4,100)
<ul>
<li>COMEX gold futures rose 2.76%, closing at $4,120.60 per ounce.</li>
</ul>
Silver:
<ul>
<li>
At the New York close, spot silver rose 4.59%, closing at $50.5408 per ounce.
</li>
<li>
COMEX silver futures rose 4.73%, closing at $50.420 per ounce.
</li>
</ul>
Other Metals:
<ul>
<li>
At the New York close, COMEX copper futures rose 2.93%, closing at $5.1015 per pound.
</li>
<li>
Spot platinum rose 1.97%, closing at $1,576.65 per ounce; spot palladium rose 2.72%, closing at $1,420.51 per ounce
</li>
</ul>
</blockquote>

The Nasdaq rebounded over 2%, and the S&P 500 recorded its largest gain in five months, while the Dow Jones rose for two consecutive days, erasing its losses for the month. The chip index rose 3%, Palantir surged nearly 9%, and Nvidia led the tech giants. CoreWeave, despite strong performance, still fell over 5% after hours. Bitcoin rose over 2% during the session, breaking above $106,000. Crude oil rebounded for two consecutive days. Gold rose nearly 3% to a two-week high, and silver surged back above $50

- On Monday morning in Asia, U.S. government efforts to end the longest shutdown in history boosted risk sentiment, leading to gains in U.S. stock futures, cryptocurrencies, and precious metals.  
- Reports indicate that the U.S. Senate has reached an agreement to end the federal government shutdown, with major U.S. stock indices rising, including a 0.8% increase in Nasdaq futures.  
- Asian markets also saw gains, particularly in South Korea, where the Seoul Composite Index rose by 2%, while Bitcoin and Ethereum prices increased significantly.

The U.S. government shutdown is expected to end, tech stocks lead a major rebound in the Nasdaq, Nvidia rises nearly 6%, and gold and silver surge