{"id":74293,"date":"2026-11-06T22:38:23","date_gmt":"2026-11-07T02:38:23","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-digest-trump-teases-big-europe-deal-china-boosts-gold-reserves\/74293\/"},"modified":"2026-11-06T22:38:23","modified_gmt":"2026-11-07T02:38:23","slug":"global-markets-digest-trump-teases-big-europe-deal-china-boosts-gold-reserves","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-digest-trump-teases-big-europe-deal-china-boosts-gold-reserves\/74293\/","title":{"rendered":"Global Markets Digest: Trump Teases &#8216;Big&#8217; Europe Deal, China Boosts Gold Reserves"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President Trump claims Moscow and Kyiv are ready to end their conflict<\/strong>, teasing a &quot;big, beautiful&quot; security agreement that could encompass all of Europe.<\/li>\n<li><strong>China\u2019s <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> reserves rose to 78.30 million troy ounces in October<\/strong>, marking the 24th consecutive month of accumulation despite a dip in total book value to <strong>$306.41 billion<\/strong> due to price fluctuations.<\/li>\n<li><strong>The FDA and Novartis (<a href=\"\/stock\/NVS\">NVS<\/a>) are investigating malignancy risks<\/strong> after nine reports of tumors in patients treated with the SMA gene therapy <strong>Zolgensma<\/strong>.<\/li>\n<li><strong>US-China trade officials held &quot;constructive&quot; video talks<\/strong>, though Beijing formally rejected new US sanctions targeting Chinese companies linked to <strong>Cuba<\/strong>.<\/li>\n<li><strong>Minor US strikes disabled an Iranian anti-aircraft system<\/strong> on Qeshm Island, as Qatari mediators work to prevent further regional escalation.<\/li>\n<\/ul>\n<h2>Geopolitical Shifts: Trump Signals Potential Ukraine Breakthrough<\/h2>\n<p>President Donald Trump announced on Thursday that both <strong>Moscow<\/strong> and <strong>Kyiv<\/strong> have expressed a willingness to end their protracted conflict. Speaking from the Oval Office, Trump suggested that a forthcoming agreement would be &quot;big and beautiful&quot; and might redefine the security architecture for &quot;all of Europe.&quot; The statement followed a private meeting with Russian envoy <strong>Kirill Dmitriev<\/strong>, though Ukrainian President <strong>Volodymyr Zelensky<\/strong> has expressed caution, warning against any deal that might divide the continent into spheres of influence.<\/p>\n<p>In the Middle East, the Trump administration confirmed &quot;minor&quot; defensive strikes against a newly constructed Iranian anti-aircraft facility on <strong>Qeshm Island<\/strong>. Trump characterized the move as a targeted action to disable specific threats rather than a resumption of full-scale war. Meanwhile, <strong>Qatar\u2019s Prime Minister<\/strong>, Sheikh Mohammed bin Abdulrahman Al Thani, reaffirmed that mediation efforts remain active, urging both Washington and Tehran to accept a &quot;good deal&quot; to prevent the situation from spiraling out of control.<\/p>\n<h2>China Economic Data: Gold Buying Streak Hits Two-Year Mark<\/h2>\n<p>The <strong>People&#39;s Bank of China (PBOC)<\/strong> reported that its gold holdings reached <strong>78.30 million troy ounces<\/strong> at the end of October, an increase of 830,000 ounces from September. This marks the <strong>24th straight month<\/strong> of gold purchases by the central bank. Despite the increase in physical volume, the total value of these reserves fell from <strong>$323.52 billion<\/strong> to <strong>$306.41 billion<\/strong> as international gold prices experienced a monthly pullback.<\/p>\n<p>Simultaneously, China\u2019s foreign exchange reserves saw a modest increase of <strong>$5 billion<\/strong> in October, reaching approximately <strong>$3.405 trillion<\/strong>. To manage the yuan\u2019s recent appreciation, the PBOC announced it will raise the <strong>foreign exchange reserve requirement ratio<\/strong> for financial institutions from 4% to 6%, effective November 15. This macro-prudential tool is intended to tighten dollar liquidity and stabilize the exchange rate following a period of rapid gains for the Chinese currency.<\/p>\n<h2>Healthcare &amp; Trade: Zolgensma Safety Probe and US-China Tensions<\/h2>\n<p>The medical community is closely monitoring a safety investigation into <strong>Novartis (<a href=\"\/stock\/NVS\">NVS<\/a>)<\/strong>&#39;s blockbuster gene therapy, <strong>Zolgensma<\/strong>. The <strong>FDA<\/strong> is assessing nine reports of malignancies in children treated for spinal muscular atrophy (SMA). While <strong>Novartis<\/strong> confirmed that two cases showed evidence of the viral vector integrating into patient DNA, the company and the FDA maintain that the therapy&#39;s benefits currently outweigh the potential risks for its approved uses.<\/p>\n<p>On the trade front, Chinese Vice Premier <strong>He Lifeng<\/strong> engaged in high-level video consultations with US Treasury Secretary <strong>Scott Bessent<\/strong> and Trade Representative <strong>Jamieson Greer<\/strong>. While both sides committed to maintaining stable trade development, Beijing issued a formal rejection of recent US sanctions against Chinese firms, such as <strong>CEIEC<\/strong>, over their business ties with <strong>Cuba<\/strong>. China\u2019s Ministry of Foreign Affairs described the sanctions as &quot;illegal unilateralism&quot; and vowed to protect the legitimate rights of its domestic enterprises.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump claims Moscow and Kyiv are ready to end their conflict, teasing a &quot;big, beautiful&quot; security agreement 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