Overnight US stocks | Three major indexes have mixed fluctuations, the US dollar reaches a one-year high, and Trump's media technology (DJT.US) falls by 5%.

On Wednesday, the three major indexes showed mixed movements. The US October CPI reached a three-month high, reinforcing expectations of a 25 basis point interest rate cut by the Federal Reserve in December. [US Stocks] At the close, the Dow rose 47.21 points, or 0.11%, to 43,958.19 points; the Nasdaq fell 50.66 points, or 0.26%, to 19,230.74 points; the S&P 500 rose 1.39 points, or 0.02%, to 5,985.38 points. Amazon.com, Inc. (AMZN.US) rose 2.4%, Trump Media & Technology Group (DJT.US) fell 5%, NVIDIA Corporation (NVDA.US) fell over 1%. The Nasdaq Golden Dragon Index fell 1.09%, Zhihu, Inc. Sponsored ADR (ZH.US) rose 13%, EHang Holdings Ltd. Sponsored ADR Class A (EH.US) rose 9%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose 0.2%. [European Stocks] The German DAX30 index fell 45.81 points, or 0.24%, to 19,001.75 points; the UK FTSE 100 index rose 5.21 points, or 0.06%, to 8,030.98 points; the French CAC40 index fell 10.15 points, or 0.14%, to 7,216.83 points; the Euro Stoxx 50 index fell 4.94 points, or 0.10%, to 4739.75 points; the Spanish IBEX35 index fell 6.80 points, or 0.06%, to 11,375.80 points; the Italian FTSE MIB index rose 103.86 points, or 0.31%, to 33,711.00 points. [Asia-Pacific Stock Market] The Nikkei 225 index fell 1.66%, the Jakarta Composite Index fell 0.18%, and the South Korean KOSPI index fell 2.64%. [Foreign Exchange] The US Dollar Index rose to its highest level since November 2022, pushing the Euro down to its lowest level in a year as other currencies also came under pressure. The Japanese Yen and Canadian Dollar also fell towards key psychological levels. With the Republicans poised to sweep both houses of Congress, Wall Street strategists have unanimously turned bullish on the US Dollar since Trump was re-elected. According to recent strategy reports, JPMorgan, Goldman Sachs, and Citigroup all expect the US Dollar to rise further from current levels. [Cryptocurrency] Bitcoin briefly climbed above $90,000, hitting a new historical high, gaining nearly 30% since Election Day in the US. After Trump reclaimed the White House last week, investors have been betting on a wave of relaxed regulations and crypto-friendly policies. Dozens of congressional candidates supported by the Cryptocurrency Action Committee won their races, further boosting Bitcoin's momentum. [Crude Oil] New York Mercantile Exchange's December West Texas Intermediate Crude Oil (WTI) futures prices rose $0.31, up over 0.45%, to $68.43 per barrel. [Metals] LME Copper futures fell $95, to $9,047 per ton. LME Aluminum futures fell $32, to $2,530 per ton. LME Zinc futures rose $43, to $2,981 per ton. LME Lead futures fell $16, to $2,008 per ton. LME Nickel futures fell $167, to $15,730 per ton. LME Tin futures fell $545, to $29,663 per ton. LME Cobalt futures were flat, at $24,300 per ton. [Macro News] US inflation remained stable for the third consecutive month, in line with expectations. An index measuring core inflation in the US remained strong in October, highlighting the ongoing risks that Federal Reserve officials face in achieving their inflation target. Data shows that core CPI, excluding food and energy costs, rose 0.3% for the third consecutive month, and rose 3.3% year-on-year. Economists generally believe that core indicators can better reflect inflation trends than overall CPI. The overall CPI, including food and energy, rose 0.2% for the fourth consecutive month, with a 2.6% year-on-year increase, the first year-on-year increase since March. The Bureau of Labor Statistics stated that housing costs accounted for more than half of the monthly increase. This data underscores the slow and frustrating nature of combating inflation, which often fluctuates sideways on a larger downward path sometimes persisting for several months. The latest data, along with strong consumer spending and economic growth, will keep Federal Reserve officials cautious in discussing the pace of lowering borrowing costs in the coming months. US household debt reaches a record high, low-income residents facing financial pressure. Data shows that US household debt rose to a new high in the last quarter, as income growth enabled many consumers to manage debt, but low-income groups showed signs of financial strain. According to data from the New York Fed, mortgage, auto, credit card, and student loan increases drove overall consumer debt to a new record of $17.9 trillion. St. Louis Fed President Mursaleem: If the inflation rate continues to decline, the Federal Reserve will gradually cut interest rates. Mursaleem stated that the Fed's inflation and employment targets are within reach, but he emphasized that policymakers should keep policy "moderately restrictive" as long as the inflation rate remains above the Fed's 2% target. "As long as the inflation rate continues to decline towards 2%, monetary policy is in a favorable position, and can gradually adjust policy rates to approach a neutral level, allowing the inflation rate to return to target levels and support full employment," Mursaleem said in a speech prepared for the Memphis Economics Club on Wednesday. The neutral policy rate is the level of interest rates that neither promotes nor suppresses economic growth. He also said that central banks can "wisely and patiently" evaluate future economic data when considering further interest rate cuts. OpenAI shares its artificial intelligence data center construction plan with the US government, calling for expanded energy capacity. According to foreign media reports, OpenAIOfficials from the United States government were briefed on information about how to build an artificial intelligence data center, which is expected to consume 5 gigawatts of electricity (five times larger than the company's current data center under development). This concept seems similar to the "Stargate," a $100 billion supercomputing data center codenamed discussed by OpenAI and its main supporter, Microsoft Corporation. OpenAI has also called on the federal government to help expand the country's data center energy capacity to maintain a competitive edge in the field of artificial intelligence. They have suggested speeding up the approval process for artificial intelligence data centers and implementing a "National Transmission Superhighway Act" to expand energy capacity, as well as supporting high-cost energy projects through power purchase commitments to reduce credit risks for such projects, and so on.Senator John Thune of the United States was elected as the Majority Leader of the Senate. According to foreign media reports, Senator John Thune from South Dakota was elected as the Majority Leader of the United States Senate and will lead the Senate Republican caucus in the next term. He won a three-way race in a closed-door vote on Wednesday, successfully replacing Minority Leader McConnell. With the Republican Party holding a majority of 53 seats in the Senate, Thune will have some operating space in the Senate. At the age of 63, Thune has not committed to setting term limits for the party caucus leader, which means he is likely to hold onto this position for the next few years. He is not up for reelection until 2028, and South Dakota is a solid "red state" (leaning towards the Republican Party). [Stock News] NVIDIA Corporation (NVDA.US) will collaborate with SoftBank Group to build Japan's most powerful supercomputer. NVIDIA Corporation will collaborate with SoftBank Group to build Japan's most powerful supercomputer and promote a new telecommunications network that can run AI tasks and provide 5G services simultaneously. On November 13, at the Japan AI Summit hosted by NVIDIA Corporation, they announced a series of collaborations with SoftBank Group's telecommunications subsidiary to accelerate Japan's sovereign AI development plan. The two companies will use NVIDIA Corporation's latest Blackwell chip to jointly build Japan's most powerful AI supercomputer. Tesla, Inc. (TSLA.US) will recall some 2024 Cybertruck vehicles. The U.S. National Highway Traffic Safety Administration (NHTSA) disclosed on November 13 that due to a potential drive inverter failure leading to wheel DRIVE loss, Tesla, Inc. (TSLA.US) will recall a total of 2431 2024 Cybertruck vehicles. This recall involves some 2024 Cybertruck vehicles produced between November 6, 2023, and July 30, 2024, which are equipped with or have been equipped with metal oxide semiconductor field-effect transistors in the drive inverter.