Global news you need to know before Monday's U.S. stock market opens

Wallstreetcn
2025.10.13 13:06

The 2025 Nobel Prize in Economic Sciences announced: honoring "the interpretation of innovation-driven economic growth," three economists awarded. Trump stated, "The Gaza war is over, Hamas will disarm." U.S. Treasury Secretary Basant: No involvement in any negotiations regarding U.S. government investment in NVIDIA. The U.S. Department of Defense plans to spend $1 billion to accelerate the purchase of key minerals such as cobalt and antimony. China responds to rumors of Pakistan exporting rare earths to the U.S.: China and Pakistan have communicated on mineral cooperation with the U.S. China's soybean and iron ore imports in September hit historical highs for the same period, rare earth exports fell by 31% month-on-month, and copper metal imports reached a new high for the year. Will monetary policy shift to easing? India's September CPI year-on-year growth rate hit a new low for the year at 1.54%. Apple officially announced that users in mainland China can pre-order the iPhone Air model starting October 17. Apple is reported to shift focus to smart glasses, competing with Meta for the affordable market. Goldman Sachs significantly raised its capital expenditure forecast for Tencent and increased Alibaba's capital expenditure forecast for the next three years to 460 billion. 350 billion over three years! Goldman Sachs is optimistic about the acceleration of cloud business. Morgan Stanley's Wilson warns: If trade conflicts are not resolved by November, the S&P 500 could drop to as low as 5,800 points. Japanese stocks are closed for the holiday, while the Shanghai Composite Index closed down 0.19%; the Hang Seng Index fell 1.52%