List of Heavy Schedule for This Week
Federal Reserve officials speak out intensively! Federal Reserve Chairman Powell will deliver a speech on Friday
On November 7th Eastern Time, as expected by the market, the Federal Reserve's FOMC cut interest rates by 25 basis points after the meeting. Powell said at a press conference after the meeting that the fight against inflation is not over yet, core inflation is still somewhat high, the job market continues to cool very slowly, and the Federal Reserve will continue to cut interest rates. However, if inflation slows down and the economy is strong, interest rates can be lowered even slower.
In addition, Powell also emphasized that he will not dismiss Trump due to his resignation, and the president does not have legal authority to dismiss him. Despite Powell's efforts to avoid discussing Trump's election, at some point, Federal Reserve policymakers, economists, and analysts will have to consider the ambitious economic agenda that this hardline Republican may implement.
On Friday, November 15th, Federal Reserve Chairman Powell was invited to attend a dialogue session titled "Global Perspectives". Investors need to closely monitor their views on the future trends of US inflation, the economy, and the Federal Reserve's interest rate path.
In addition, several Federal Reserve officials will also deliver speeches this week:
On Tuesday at 23:00, 2024, FOMC voting committee member and Richmond Fed Chairman Barkin delivered a speech, and Fed Governor Waller gave a speech at the banking conference;
On Wednesday at 03:00, 2022, FOMC Chairman and Philadelphia Fed Chair Huck gave a speech on financial technology and artificial intelligence, and at 06:30, 2024, FOMC Chairman and Richmond Fed Chair Barkin gave a speech;
On Thursday at 01:30, the Chairman of the St. Louis Fed and the Chairman of the FOMC in 2025, Moses Lem, gave a speech, and at 02:30, the Chairman of the Kansas Fed and the Chairman of the FOMC in 2025, Schmid, gave a speech.
On Friday at 05:15, FOMC permanent voting committee member and New York Fed Chairman Williams delivered a speech.
The first data after the November interest rate meeting, the United States will release the October CPI and PPI
The data released last month showed that the US CPI rose by 2.4% year-on-year in September, which slowed down from the previous value of 2.5% but exceeded the expected value of 2.3%; The core CPI for September (excluding volatile food and energy costs) increased by 3.3% year-on-year, slightly exceeding expectations and the previous value of 3.2%. The September PPI in the United States was 0% month on month, lower than the expected value of 0.1%, compared to the previous value of 0.2%.
As the job market cools down and monetary policy tightens too much, the market still expects the Federal Reserve to continue cutting interest rates in December. However, due to the possibility of stronger economic growth, a favorable environment for business development, and rising inflation caused by trade tariffs that Trump's presidency may bring, the Federal Reserve may "hold its fire" from January next year.
Analysts believe that if the US October CPI data falls below expectations, US bond yields and the US dollar may come under pressure. If the CPI data continues to exceed expectations, the rise of the US dollar may continue.
Chinese concept stocks are bombarded with concentrated financial reports! Tencent, JD.com, NetEase, Alibaba, and Bilibili's financial reports are coming one after another
On Wednesday, November 13th, Tencent Holdings (00700. HK) will release its 2024 Q3 report after the Hong Kong stock market closes. The market generally expects Tencent to achieve revenue of 167.746 billion yuan in Q3, a year-on-year increase of 8.49%; The expected earnings per share are 4.76 yuan, a year-on-year increase of 26.78%. It is worth noting that the current market may have some expectations for Tencent. As of November 7th, Southbound Capital has net bought Tencent for 10 consecutive days, totaling approximately HKD 3.977 billion.
On Thursday, November 14th, JD.com - SW (09618. HK), NetEase - S (09999. HK), and Bilibili (BILI. US) will release their financial reports.
On Friday, November 15th, before the US stock market opened, Alibaba (BABA. US) will also be listed. Currently, the market generally predicts that Alibaba's Q3 revenue will reach 2400.37 billion yuan, an increase of 6.78% compared to the same period last year; The revenue per ADS was 11.07 yuan, a year-on-year increase of 2.76%.
China will release economic data such as social financing and social financing for October, and the State Council Information Office will hold a press conference on the operation of the national economy
The data released last month showed that China's real estate development investment decreased by 10.1% from January to September, and the sales area of newly-built commercial housing decreased by 17.1% year-on-year; Boosted by the positive sales of goods such as automobiles and home appliances, the growth rate of retail sales of consumer goods in China rebounded in September.
On Friday, November 15th, the National Bureau of Statistics will release the monthly report on residential sales prices in 70 large and medium-sized cities. On the same day, the State Council Information Office held a press conference on the operation of the national economy. From November 11th to 15th, China will release financial data such as social financing and new RMB loans for October from time to time.
Zhong Zhengsheng, Chief Economist of Ping An Securities, believes that since October, the slope of China's economic recovery has increased, and the effect of incremental policies has become apparent. Firstly, the investment funds for infrastructure real estate have improved for four consecutive weeks, accelerating the physical workload and assisting in the recovery of raw material production. Secondly, policies such as exchanging old for new and lowering mortgage interest rates to promote consumption have helped residents recover their commodity consumption, and also provided support for the production of consumer goods such as textiles and home appliances.
Thirdly, the effects of the new real estate policies have been released in a concentrated manner, with a significant narrowing of the year-on-year decline in the sales area of new houses and a shift from negative to positive in the sales area of second-hand houses. At the same time, the slope of export recovery has increased, driven by the "export rush" effect, and the cargo and container volume of Chinese ports have recovered relatively quickly.
The Bank of Japan will release the opinions of the members of the October monetary policy meeting review committee
For the Japanese yen, its decline has intensified since mid September. After the US election, the US dollar rose to a three-month high of 154.71 against the yen. The main reason for the reversal of the yen's upward trend is that the timing of the Bank of Japan's next interest rate hike is still unclear.
Investors currently expect a probability of about 40% for the Bank of Japan to raise interest rates by 25 basis points in December. But the central bank may wait until the annual wage negotiations end next spring before making a decision.
To make the market expect the Bank of Japan to raise interest rates early to boost the yen, significant improvements in growth and inflation data are needed. Therefore, if the released third quarter GDP data of Japan is better than expected, it may slightly boost the yen.
This week's key performance calendar: Monday, November 11th
Keywords: China's overall electricity consumption, Bank of Japan's October monetary policy opinion, Japan's trade account
On Monday, in terms of economic data, China will release the total electricity consumption of the society, and Japan will release its trade account.
In terms of financial events, the Bank of Japan announced the opinions of the members of the October monetary policy meeting review committee.
In terms of performance, in the Hong Kong stock market, Zero Run Motors (09863. HK) and Yuyuan Group (00551. HK) will release their results; In the US stock market, $Sabesp (SBS. US) $and $Grab Holdings (GRAB. US) $will also be listed.
In terms of new stocks, Aureus Greenway (AGH. US) went public on Monday.
Tuesday, November 12th
Keywords: Western Petroleum, Home Depot, Sea, etc. release financial reports, Fed Governor Waller delivers speech
On Tuesday, in terms of economic data, the United States will release the NFIB Small Business Confidence Index, the United Kingdom will release the unemployment rate and number of unemployment benefit applicants, and Germany will release the final monthly CPI rate and ZEW Economic Prosperity Index.
In terms of performance, US stocks such as Home Depot (HD. US), Shopify (SHOP. US), and Sea (SE. US) will release their financial reports before closing, while Western Petroleum (OXY. US), MARA Holdings (MARA. US), and Spotify Technology (SPOT. US) will release their financial reports after closing; On the Hong Kong stock market, Tencent Music SW (01698. HK) will release its financial report on Tuesday.
In terms of financial events, at night, Federal Reserve Governor Waller gave a speech at the banking conference, and 2024 FOMC voting committee and Richmond Fed Chairman Barkin gave a speech; The next morning, 2026 FOMC voting committee and Minneapolis Fed Chairman Kashkari attended Yahoo's financial investment conference titled "New Challenges, New Opportunities".
In terms of new shares, the subscription of Guofu Hydrogen Energy (02582. HK) has ended.
Wednesday, November 13th
Keywords: US CPI data, Tencent Holdings financial report
On Wednesday, in terms of economic data, the United States will release quarterly adjusted CPI monthly rates, quarterly adjusted core CPI monthly rates, non quarterly adjusted CPI annual rates, and non quarterly adjusted core CPI annual rates.
In terms of performance, Hong Kong stocks Tencent Holdings (00700. HK) and BeiGene (06160. HK) will release their financial reports on Wednesday.
In terms of financial events, in the early hours of the morning, Kashkari, the 2026 FOMC voting committee and Minneapolis Fed Chairman, attended Yahoo's financial investment conference titled "New Challenges, New Opportunities"; At night, the 2026 FOMC voting committee and Dallas Fed Chairman Logan gave the opening speech at a meeting on energy and the economy.
In terms of new stocks, Peak Resources (PRB. US) is listed on the US stock market.
Thursday, November 14th
Keywords: US PPI data, initial jobless claims for the week; Financial reports of JD.com, NetEase, and Bilibili
On Thursday, in terms of economic data, the United States will release the annual and monthly PPI data, and at the same time announce the number of initial jobless claims for the week.
In terms of performance, Hong Kong stocks JD.com (09618. HK) and NetEase (09999. HK) will release their results, while US stocks Disney (DIS. US) and Bilibili (BILI. US) will release their results before the market opens.
In terms of financial events, in the early hours of the morning, speeches will be given by the 2025 FOMC voting committee, Kansas Fed Chairman Schmid, the 2025 FOMC voting committee, and St. Louis Fed Chairman Moses Lem; At night, the European Central Bank will release the minutes of its October monetary policy meeting.
In terms of new stocks, Hong Kong stock Guofu Hydrogen Energy (02582. HK) announced its winning results, while US stock COR3& Co (COC. US) $is listed.
Friday, November 15th
Keywords: China Social Zero Data, US October Retail Sales Monthly Rate, Alibaba Financial Report
On Friday, in terms of economic data, China will release year-on-year data on the total retail sales of consumer goods and the added value of industries above designated size; The United States will release the monthly retail sales rate for October, the monthly industrial output rate for October, and the November New York Fed Manufacturing Index.
In terms of performance, Hong Kong stocks Alibaba (09988. HK) and Lenovo Group (00992. HK) will release their financial reports.
In terms of financial events, Federal Reserve Chairman Powell was invited to attend a dialogue session titled "Global Perspectives".
In terms of new stocks, Guofu Hydrogen Energy (02582. HK) was listed on the Hong Kong stock market.