This week (November 28-12) blockbuster events:
In terms of financial eventsLed by Powell, a number of Fed officials spoke intensively before the silence period in December, and the Fed released the beige book.
Economic dataA number of important economic data will be released this week. Us non-farm payrolls and November unemployment rate after quarterly adjustment in November, US core PCE price index annual rate / monthly rate in October, US ADP payrolls in November, American consultation consumer confidence index, weekly jobless claims, US weekly EIA crude oil inventory / strategic oil reserve inventory, Chinese manufacturing PMI in November, November Caixin manufacturing PMI and other data have been released.
Financial reportBilibili Inc., Pinduoduo, XPeng Inc., Royal Bank of Canada, Kroger, etc., released financial reports.
In terms of new shares360 DigiTech Inc-S logs in to the Hong Kong Stock Exchange.
Monday November twenty _ eighth
Key words: Dallas Fed Business activity Index, Pinduoduo released financial report, 360 DigiTech Inc-S announced the winning result.
On Monday, investors can follow the Dallas Fed Business activity Index.The previous value of the data is below zero, which to some extent means that the US economy is in a recession range, and the recession tends to deepen further.
In terms of economic eventsECB President Christine Lagarde will make an introductory speech at the hearing of the Economic and Monetary Affairs Committee of the European Parliament.
Financial reportFocus on the pre-market release of US stocks on November 28, Eastern time.$Pinduoduo (PDD.US)$Financial report.
Guojin Securities estimates that Pinduoduo Q3's income is 30.9 billion, up 44% from the same period last year, and Q3's Non-GAAP profit margin is about 23%. The bank said that Pinduoduo's cost-effective platform features attract more businesses and consumers in a weak consumer environment.
In addition$HWORLD-S (01179.HK)$、$ALI HEALTH (00241.HK)$The financial report will be released on the same day.
In terms of new sharesFinancial science and technology platform$360 DIGITECH-S (03660.HK)$Announce the winning result. The company previously announced that Hong Kong shares were subscribed for 1.38 million shares on the retail side, which was 2.47 times oversubscribed.
Tuesday November twenty _ ninth
Key words: American Counsellor Consumer confidence Index, New York Fed President Williams and St. Louis Fed Chairman Brad spoke, Bilibili Inc. released financial results.
On Tuesday, in terms of economic dataInvestors can focus onConsumer confidence Index of the American Consultative Conference in NovemberThe index is a leading indicator of the willingness of American consumers to consume goods and services and reflects the functioning of the economy.
The consumer confidence index released by the American Consultative Conference recorded 102.5 in October, the lowest reading since August, significantly lower than the 105.9 expected by the market and down 5.3 points from 107.8 last month. Lynn Franco, senior director of economic indicators at the consultation, wrote in a report that the confidence index fell in October after rising in August and September, indicating that economic growth began to slow in the fourth quarter.
In addition, two important indicators of the US real estate industry--The annual rate of house price index in S&P/CS20 major cities in September和Monthly rate of US FHFA House Price Index in SeptemberAs well as the euro zone economic climate index, industrial climate index and consumer confidence index will be released on the same day
In terms of financial eventsAttentionNew York Federal Reserve Chairman William Williams和St. Louis Federal Reserve Chairman BradIn his speech, both Fed officials are members of this year's voting committee.
Financial report$BILIBILI-W (09626.HK)$/$Bilibili (BILI.US)$The third quarter 2022 results will be released on the same day, and the results conference call will be held at 20:00 on Tuesday, November 29, 2022.
Morgan Stanley issued a technical opinion report, pointing out that the market generally believes that Bilibili Inc. 's game and advertising revenue in the second half of the year and next year is too high, and there is a potential balance sheet risk in 2024. The bank gave it a target price of $11 for U. S. stocks, rated as "in sync with the market."
In addition$Kanzhun (BZ.US)$、$JOYY (YY.US)$，$ALI PICTURES (01060.HK)$、$BAOZUN-W (09991.HK)$The financial report will be released.
In terms of new shares$360 DIGITECH-S (03660.HK)$Will log on to the Hong Kong Stock Exchange.
Wednesday November thirtieth
Keywords: us ADP employment in November, US core PCE price index annual rateCorrection value, the revised annualized quarterly rate of actual GDP in the third quarter of the United States, the weekly EIA crude oil inventory in the United States, the official manufacturing PMI of China, and the financial report of XPeng Inc..
On Wednesday, in terms of economic dataIt is known as "small non-farmers".November ADP employment dataWill be announced, andNumber of JOLTs job openingsIt will also be announced on the same day. These data are a harbinger of the "non-farm" data released on Friday, which investors can pay attention to.
The overall ADP employment data for October was strong, and Nela Richardson, chief economist of ADP, said it was a very strong employment data given the maturity of the economic recovery, but at the same time hiring activity was not widespread. He also said that while there were early signs of Fed-driven demand disruption, it only affected certain areas of the labour market.
In additionEIA crude oil inventory in the current week、EIA Strategic Petroleum Reserve inventory、API crude oil inventory in the current week、Correction of actual annualized quarterly rate of GDP in the third quarter、Revised annualized quarterly rate of core PCE price index in the United States in the third quarter、November Chicago PMIEconomic data will also be released.
On the Chinese side, investors need to pay attentionOfficial manufacturing PMI in November。
In terms of financial eventsPowell, chairman of the Federal Reserve, will make a speech at 2:30 the next morning.
Financial report$Royal Bank of Canada (RY.US)$、$XPeng (XPEV.US)$、$ZHIHU-W (02390.HK)$、$BEKE-W (02423.HK)$Release financial statements.
Thursday December first
Key words: us core PCE price index annual rate / monthly rate in October, initial jobless claims in that week, China Caixin manufacturing PMI in November, Federal Reserve Chairman Powell spoke on US economic prospects and job market.
On Thursday, in terms of economic dataInvestors need to pay close attention toUs PCE data for OctoberThis is the Fed's favorite indicator of inflation.
In the United States, the core PCE price index recorded an annual rate of 5.1% in September, lower than the expected 5.20%, but higher than the previous value of 4.9%. In September, the core PCE price index recorded a monthly rate of 0.5%, in line with market expectations.
As ofNumber of initial claims for unemployment benefits in the week of November 26Will also be announced.
In the week ended Nov. 19, the number of initial claims for unemployment benefits in the United States was 240000, compared with an expected 225000, compared with a previous value of 223000. The number of US jobless claims rose faster than expected to a three-month high in a sign of a cooling labour market.
In additionMonthly rate of personal expenditure in the United States in October、Final value of Markit manufacturing PMI in November、November ISM Manufacturing PMI、Number of Challenger layoffs in NovemberEconomic data will be released on the same day.
The Chinese sideNovember Caixin Manufacturing PMIWill be announced on the same day.
In terms of financial eventsFederal Reserve Chairman PowellThere will be a speech on the US economic outlook and the job market, which the market believes could reinforce market expectations of a possible increase in interest rates announced after the December policy meeting.
The Federal Reserve will also release on the same dayBeige book。
The beige book is a report on the economic situation of 12 Fed regions in the United States over a certain period of time, describing the economic trends and challenges facing the United States. The report is published eight times a year, two weeks before the Federal Open Market Committee (FOMC) meeting.
In addition2023 FOMC vote Committee and Dallas Fed Chairman Logan，Federal Reserve Governor Lisa Cook，Federal Reserve Governor BowmanA speech will be delivered on the same day.
Financial report$Snowflake (SNOW.US)$、$Salesforce (CRM.US)$The results will be announced after trading on November 30, US Eastern time.$Bank of Montreal (BMO.US)$、$Dollar General (DG.US)$、$The Kroger (KR.US)$The results will be released before the close of trading on December 1, EST.
Friday December second
Key words: us unemployment rate in November, US non-farm payrolls after quarterly adjustment
Friday, economic dataFocus onNon-farm payrolls after quarterly adjustment in November和Us unemployment rate in November。
Us non-farm payrolls were added more than expected in October, indicating that the labour market is still strong. 261000 new non-farm jobs were created in October, down from the previous month, but the level is still not low. At the same time, the employment report also raised non-farm payrolls in September to 315000 (the original figure of 263000). Although the August data was lowered, the total number of new payrolls in August and September was 29000 higher than previously reported.
The market now expects non-farm workers to grow by 200000 in November, below the previous figure of 261000; the unemployment rate was 3.8 per cent in November, slightly above 3.7 per cent.
In terms of financial statements, manufacturers of autopilot aircraft$EHang (EH.US)$The results will be released before the close on December 2, US Eastern time.
Edit / Jeffrey