Jin10 Data compiles important news from yesterday and this morning.

According to TechFlow, Jin10 Data reported on November 6 that the State Council proposed supporting Central Huijin to act as a quasi-stabilization fund, consolidating and refining the capital market's market-stabilizing mechanism. The U.S. stock AI supply chain plunged, with the Nasdaq dropping 5.5% and the S&P 500 index losing $3 trillion in market capitalization.

The Bank of England raised interest rates by 25 basis points to 4.00%, marking its first rate hike since August 2023 in line with market expectations. Poland's central bank added 28 tons of gold reserves in October; the World Gold Council reported that global gold ETFs recorded a net inflow of $2.7 billion during the month. Goldman Sachs cut its year-end 2026 gold price forecast to $4,150 and its year-end 2027 forecast to $4,800.

Federal Reserve official Barkin stated that gradual rate hikes remain reasonable, while Hammack favors frequent small-rate adjustments and emphasized that monetary policy must pivot to a restrictive stance. Saudi Arabia lowered the official price for its December Asian-bound Arabian Light crude oil to $7 per barrel below the benchmark price. OpenAI has launched the GPT-6 Cyber cybersecurity model.