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Market news: The US Democratic Party will target Apple (AAPL.O), Meta Platforms (META.O), and Musk's companies in its investigation.

I. What Can the October Non-Farm Payrolls Report Change? 1. Could it be the "final push" to determine the December interest rate decision? — The September non-farm payrolls report showed only 29,000 new jobs, surprising the market. Given the potential for sticky inflation in the US, a moderate rebound in employment data could give the Federal Reserve a legitimate reason to raise interest rates by another 25 basis points in December. According to CME FedWatch, the probability of a December rate hike is currently around 68.7%. 2. Adjusting Post-Election Market Attention to Fundamentals — Over the past two weeks, the market has focused on the political uncertainty surrounding the midterm elections. Tonight's non-farm payrolls data, as the first major data release after the election, could forcefully pull market attention back to real fundamentals. 3. Clarifying whether the September underperformance was a "short-term noise" or a "slowdown trend" – Wall Street is highly suspicious that the previous weak data was mixed with seasonal interference. The October ADP employment report, released Wednesday, recorded a modest increase of 86,000. If tonight's non-farm payrolls report can corroborate this, it will support the view that the labor market is merely "cooling down" rather than "slowing down." II. Can a single data point "determine what will happen after December"? 1. The long-term destructive power of political restructuring far exceeds that of a single month's data – With the midterm elections settled, the future tariff policies and fiscal budget games between the two parties may be the "main force" influencing the long-term US inflation center. A single October employment report covers only one aspect of the labor market, but it cannot cover variables such as tariff paths, fiscal deficits, and geopolitical conflicts. 2. Difficulty in Bridging Wall Street's Divergence on the Path After December – Tonight's non-farm payroll data is unlikely to bridge the significant differences in opinion among major investment banks. Some institutions predict the Fed will raise interest rates consecutively in December of this year and March 2027, while others believe the Fed will extend its window of inaction after 2026. 3. Difficulty in Changing the Divided Understanding of the "Neutral Interest Rate" Among Fed Officials – Even if tonight's employment figures are strong, it will be difficult to answer policymakers' concerns. Analysts point out that the Fed has essentially abandoned providing long-term forward guidance, and this internal structural debate over the anchor point of the long-term neutral interest rate cannot be definitively resolved by data from a single month.

Eurozone retail sales rose 0.4% year-on-year in September, below the expected 0.6% and the previous figure revised from 0.80% to 1.3%.

Eurozone retail sales fell 0.7% month-on-month in September, compared with a forecast of -0.1% and a revised previous reading of 0.4% (up from 0.10%).

The European Council has agreed to postpone the implementation of the EU methane rule for one year.

Tesla (TSLA.O) has raised the price of its Cybertruck Cyberbeast model in the U.S. market to $102,490.

ECB Chief Economist Lane: The fixed-rate full allocation mechanism means we don't need to deal with related issues specifically; everything will happen naturally.

ECB Chief Economist Lane: Last week, our open market operations saw very good subscription results.

The euro zone's monthly retail sales rate for September will be released in ten minutes.

ECB Chief Economist Lane: We need a sufficient liquidity buffer to meet the system's needs.

ECB Chief Economist Lane: Let's gather information from now until December and see what action we will take in December.

European Central Bank Chief Economist Lane: Financial conditions have tightened.

European Central Bank Chief Economist Lane: Energy inflation will affect wage negotiations and pricing throughout the economy.

European Central Bank Chief Economist Lane: We need to get inflation back to target levels within one to two years.

European Central Bank Chief Economist Lane: Unexpectedly strong exports are a major positive factor.

Federal Reserve's Williams: Inflation expectations are well anchored, and wage growth is in line with the target.

Federal Reserve's Williams: Monetary policy takes one to two years to take effect, and we must be forward-looking.

Federal Reserve's Williams: Inflation must be brought down to 2% in a timely manner.

Federal Reserve's Williams: We have seen a limited impact of artificial intelligence on prices such as chips.

Federal Reserve's Williams: Energy prices are being reflected in airfares in a way that is expected.