深潮TechFlow|Nov 04, 2026 22:44
[Jinshi Data Summary: Central Bank Reverse Repurchase, Democrats Gain Control of Congress, Oil Prices Plunge] According to Deep Tide TechFlow on November 5th, Jinshi Data's summary of important news from yesterday and this morning shows that the People's Bank of China conducted 300 billion yuan in outright reverse repurchase operations; the US midterm elections saw a blue wave, with the Democrats regaining control of Congress; overnight, spot gold and silver prices surged, crude oil prices plummeted, the Dow Jones Industrial Average rose 3%, and the 2-year US Treasury yield fell by more than 5 basis points.
Domestically, five departments issued the "Action Plan for Implementing a Comprehensive Conservation Strategy," proposing to accelerate the development of a number of rare and precious metal resource recycling projects. The Ministry of Commerce stated that recent Sino-Canadian trade consultations have made positive progress, including further extending the relevant exemptions of the preliminary joint arrangement. The compilation scheme of the Shanghai Stock Exchange-Hong Kong Stock Connect Index has been revised, removing securities with an average daily turnover of less than HK$5 million over the past year.
Internationally, following his midterm election defeat, Trump stated his willingness to cooperate with the Democrats, his lack of fear of impeachment, and his intention not to replace the Secretary of Defense. He also acknowledged that one of the key reasons for the defeat was the war and said he would decide for himself when the conflict would end. The US Treasury Department adjusted its wording, opening the door to adjusting the size of auctions. Regarding the Middle East situation, international crude oil prices plummeted by as much as 10%, with the market increasing bets on a de-escalation of the situation with Iran. Lebanese media reported that Gulf states oppose further war with Iran, and US-Iran negotiations are expected to make clearer progress on Friday.
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