The major economic data, events and company results for this week (12.4-12.9) are as follows:
In terms of data, investors need to pay attention to: the US side will announce the number of ADP employed in November, the non-farm payroll population after the November seasonal adjustment, the November unemployment rate, the final value of the November Markit service industry PMI, the November ISM non-manufacturing PMI, the preliminary value of the University of Michigan consumer confidence index in December, etc.; the Chinese side will announce the November CPI, PPI, M2 money supply annual rate, social financing scale, new RMB loans, and Caixin service sector PMI.
In terms of events, AMD announced that it will host a special AI event called “Exhaustive AI.”
In terms of financial reports, the results of companies such as NIO, Gaming Station, C3.ai, Broadcom, and Lululemon will be released this week.
In terms of IPO, companies such as Guohong Hydrogen Energy, Shenghui Cleaning, Dekang Agriculture and Animal Husbandry, and Fujing China will soon be listed on the Hong Kong Stock Exchange.
Related information:Understand the weekly key earnings calendar in one picture (12.4-12.8)
Monday, December 4
Keywords: US durable goods order monthly rate, US factory order monthly rate
On Monday, various economic data were rather lackluster. Investors can simply focus on the monthly rate of durable goods orders in the US and the monthly rate of factory orders in October.
In terms of earnings, US stocks$Gitlab (GTLB.US)$Results will be announced after trading on December 4 EST.
In terms of IPOs, US stocks$SolarMax Technology (SMXT.US)$,$Linkage Global Inc. (LGCB.US)$,$Aimei Healthcare Technology Co. Ltd. (AFJKU.US)$It will go on sale on the same day.
Tuesday, December 5th
Keywords: China Caixin Service Industry PMI, US Markit Service Industry PMI Final Value, US ISM Non-Manufacturing PMI, US JOLTS Job Vacancies; NIO Financial Report
On Tuesday, in terms of economic data, the US will announce the final value of the Markit service sector PMI for November, the ISM non-manufacturing PMI, and the JoLTS job vacancies for October; China will announce the November Caixin Services PMI; and Hong Kong, China will announce the November HSBC manufacturing PMI.
In terms of financial reports,$NIO-SW (09866.HK)$/$NIO Inc (NIO.US)$Results will be announced after the Hong Kong stock market/before the US stock market on the same day.
NIO's Q3 earnings report will come after the Hong Kong stock market on Tuesday. Analysts expect NIO's revenue for the third quarter of 2023 to be 19.403 billion yuan, an increase of 49.2% over the previous year.
In terms of new shares,$SINOSYNERGY (09663.HK)$,$K CASH (02483.HK)$,$SHENGHUI CLEAN (02521.HK)$They were all listed on the Hong Kong Stock Exchange today.
Guohong Hydrogen Energy announced that it will raise shares from November 27 to November 30, 2023. The company plans to issue 79.52 million shares, of which 7.952 million shares will be publicly sold and 71.568 million shares will be sold internationally. The issue price per share is HK$19.35-21.35, and 500 shares per lot. It is expected to be listed on December 5.
K CASH Group announced that it will issue 125 million shares from November 27 to November 30. The company plans to issue 125 million shares, of which 12.5 million shares will be publicly sold and 112.5 million shares will be sold internationally. The issue price is HK$1.64-1.96 per share, and 2,000 shares per lot. It is expected to be listed on December 5.
Shenghui Clean announced that it will issue 414 million shares from November 27 to November 30, 2023. The company plans to issue 414 million shares, including 41,4375 million shares for public sale and 373 million shares for international sale, with an issue price of HK$0.32-0.40 per share and 7,500 shares per lot. It is expected to be listed on December 5.
Wednesday, December 6th
Keywords: US weekly API crude oil inventory, US ADP employment number, US trade balance, US weekly EIA crude oil inventory; gaming site, C3.ai financial report
On Wednesday, in terms of economic data, the US will announce the number of ADP jobs for November, the trade balance for October, the API crude oil inventory for the week, and the EIA crude oil inventory for the week.
In terms of earnings, US stocks$GameStop (GME.US)$,$C3.ai (AI.US)$Results will be announced after trading on December 6 EST.
In terms of new shares,$DEKON AGR (02419.HK)$It will be listed on the Hong Kong Stock Exchange today.
Deckang Agriculture and Animal Husbandry announced that it will raise shares from November 27 to December 1. The company plans to issue 26.912 million shares, of which 2,6912 million shares will be publicly sold and 24.2208 million shares will be sold internationally. The issue price per share is HK$30.35-36.95, and 100 shares per lot. It is expected to be listed on December 6.
Thursday, December 7th
Keywords: China's trade balance, China's annual import/export rate, China's foreign exchange reserves, the number of US jobless claims at the beginning of the week, the monthly rate of US wholesale sales/inventories; Broadcom, Lululemon earnings
On Thursday, in terms of economic data, the US will announce the monthly rate of wholesale sales/inventories for October, the number of layoffs of challenger companies in November, the number of jobless claims at the beginning of the week, and EIA gas inventories for the week; China will announce the annual import/export rate, trade balance, and foreign exchange reserves for November; and Hong Kong, China will announce foreign exchange reserves for November.
In terms of the incident,$Advanced Micro Devices (AMD.US)$It was announced that a special AI event will be held today, called “Exhaustive AI.”
AMD announced that it will host “Facilitate AI” on December 6. The live event highlights the company's momentum with its AI hardware and software partners. Dr. Su Zifeng, Chairman of the Board of Directors and CEO of AMD, will join hands with other AMD executives, AI ecosystem partners, and customers to discuss how AMD products and software will reshape the field of AI and adaptive high-performance computing.
In terms of earnings, US stocks$Dollar General (DG.US)$The results will be announced before the market on December 7 EST.$Broadcom (AVGO.US)$,$Lululemon Athletica (LULU.US)$The results will be announced after the market on the same day.
In terms of IPOs, US stocks$EV Mobility (EVMO.US)$It will go on sale on the same day.
Friday, December 8th
Keywords：US non-farm payrolls after seasonal adjustment, US unemployment rate, US University of Michigan consumer confidence index preliminary value
On Friday, in terms of economic data, the US non-farm payroll population after the November seasonal adjustment, the November unemployment rate, the preliminary value of the University of Michigan consumer confidence index for December, and the December one-year inflation rate forecast will be announced today.
The market expects the US unemployment rate to stabilize at 3.9% in November, and the number of non-farm payrolls increased from 150,000 in October to 175,000 in November. Currently, the 3.9% unemployment rate and a slight acceleration in non-farm payrolls are unlikely to shake market expectations that the Fed will cut interest rates several times next year.
“New Federal Reserve News Agency” Nick Timiraos previously wrote an article pointing out that due to the slowdown in the labor market, the reasons for the Fed to raise interest rates again during the year have weakened. Therefore, if the November non-farm payroll data falls short of expectations, it will further strengthen the certainty that the Fed will stop raising interest rates, and the declining rate of non-farm payroll employment will also indicate when the Fed will start cutting interest rates.
In terms of new shares,$FUJING HOLDINGS (02497.HK)$Will be listed on the Hong Kong Stock Exchange today; US stocks$Planet Image International (YIBO.US)$,$Ryde Group (RYDE.US)$It will be listed on December 8 EST.
Fujing China Holdings announced that it will raise shares from November 30 to December 5, 2023. The company plans to issue 110 million shares, of which 11 million shares are publicly sold and 99 million shares are placed. The issue price is HK$1.08-1.28 per share, and 2,000 shares per lot. It is expected to be listed on December 8.
Saturday, December 9th
Keywords: China's November CPI, China's November PPI, China's November M2 money supply annual rate, China's November social financing scale, China's November new RMB loans
On Saturday, in terms of economic data, the market focused on the release of major data such as China's CPI for November, China's November PPI, China's November M2 money supply rate, China's November M2 money supply annual rate, China's November social financing scale, and China's new RMB loans in November.
China will announce the annual CPI rate for November. Market expectations are -0.2%, the same as last month.
Wei Zhichao, an analyst at Shouchuang Securities, pointed out that although the price index for October was weak, prices are expected to recover with the support of steady growth policies such as issuing additional trillion treasury bonds and a package of chemical bonds. However, policy implementation and implementation will take time. It may remain low in the short term, and a steady growth policy still needs to be strengthened.
Good luck with your investments in the new week!
editor/tolk