The Chinese manufacturing juggernaut shows little sign of slowing, despite the disruptions of tariffs

Global electric vehicle (EV) sales growth has slowed to its lowest rate since February 2024, primarily due to a plateau in the Chinese market and recent policy changes in the United States. This decline reflects a significant shift in consumer demand and market dynamics, particularly in China, where car sales have also seen a notable decrease.

In the current frenzy of China's IPO market, only 0.02% of stock bids are being awarded, making it increasingly difficult for investors to secure shares in new listings. This situation reflects a significant shift in market dynamics, where demand far exceeds supply, leaving many investors frustrated and disillusioned.

The WSJ Dollar Index has decreased by 0.18%, settling at 96.04, marking a decline for two consecutive trading days. This drop reflects ongoing volatility in the currency markets, as traders respond to various economic indicators.

Oracle shares fell sharply on Thursday, reflecting investor concerns about the company's heavy spending on artificial intelligence infrastructure amid disappointing quarterly earnings. The stock price decline indicates a lack of confidence in Oracle's financial health and its ability to generate returns from its investments in AI.

Oil futures settled lower as market concerns about oversupply outweighed geopolitical tensions, including the recent U.S. seizure of a sanctioned oil tanker off the coast of Venezuela. This decline follows a previous session where oil prices had seen gains, highlighting the volatility in the market.

The U.S. government has announced plans to take oil from a vessel seized off the coast of Venezuela, with the ship expected to head to a U.S. port as investigators interview the crew members. This action reflects the ongoing tensions between the U.S. and Venezuela, particularly amid heightened military presence in the region.

Mexico has enacted tariffs of up to 50% on Chinese goods, a move that has sparked significant backlash from Beijing. This decision comes as lawmakers target countries with which Mexico lacks trade agreements, specifically focusing on China amidst ongoing trade tensions.

Canada recorded its first trade surplus in eight months in September, achieving a modest surplus of C$153 million as exports rebounded while domestic demand showed signs of softening.