China’s central bank to focus on domestic issues after U.S. Fed rate cut

Gold prices have experienced a decline as expectations for further interest rate cuts by the Federal Reserve diminish. This marks a continuation of a downward trend, with prices falling for the fourth consecutive trading session. Despite this drop, demand from central banks remains strong, indicating ongoing interest in gold as a reserve asset amidst economic uncertainties.

Canada's housing market showed signs of recovery in October, with both sales and prices increasing. This resurgence is attributed to recent rate cuts by the central bank, which have encouraged potential buyers to enter the market after a period of hesitation. The positive trend indicates a shift in consumer confidence and a potential stabilization in the housing sector.

The U.S. is making significant efforts to establish rare earth supply chains both domestically and internationally as it faces China's substantial control over these critical materials. This initiative is part of a broader competitive landscape referred to as 'Cold War 2.0.' The U.S. aims to reduce its dependence on China for rare earths, which are essential for various technologies and industries.

The German Finance Minister has emphasized the necessity for fair trading conditions in dealings with China. This statement highlights the ongoing discussions regarding trade practices and the importance of equitable terms for both parties involved. The minister's remarks come amid increasing scrutiny of international trade relationships and the need for transparency and fairness in global markets.

Tourism stocks in Japan have experienced a significant decline following heightened tensions between Japan and China. This situation escalated after Beijing issued a warning to its citizens against traveling to Japan, prompting Tokyo to send an envoy to address the growing diplomatic rift. The developments signal a deteriorating relationship between the two nations, which could have lasting implications for the tourism sector and broader economic interactions.

China's fiscal revenue for the period from January to October has increased by 0.8% year-on-year. This growth reflects the country's ongoing economic adjustments and efforts to stabilize its financial situation amid various challenges. The data indicates a modest improvement in fiscal health, which may influence future government spending and investment strategies.

Geely Automobile reported a significant profit increase in the third quarter of 2025, showcasing strong sales performance despite facing intense competition in the Chinese automotive market. The company's ability to navigate these challenges highlights its resilience and strategic positioning within the industry. This positive financial outcome reflects Geely's ongoing efforts to enhance its market share and operational efficiency.

Japan's tourism and retail stocks have experienced a decline following a diplomatic dispute with China over remarks made by the Japanese Prime Minister regarding Taiwan. The tensions between Tokyo and Beijing have raised concerns among investors, leading to a negative sentiment in the market. This situation highlights the fragility of international relations and its direct impact on economic sectors.