Hot news

• Bank of America Corporation: the collapse of the bond market bubble may trigger the next recession

Strategists at Bank of America Corporation say the catalyst most likely to trigger a downturn in the US economy in the 2020s will be the receding bubble in the current bond market. Strategists Tommy Ricketts and Michael Hartnett said in a report on Monday that yields on more than $11 trillion bonds are negative, German / Swiss bond yields are negative, Austrian 100-year bonds yield about 1%, and global yields are just off record lows.

Bank of America Corporation suggests hedging against the bursting of the bond bubble through gold, US Treasuries and real assets rather than financial assets.

• State Post Office:A total of 535 million express shipments were processed throughout the country on the day of "double 11".

According to the official Wechat of the State Post Bureau, postal and express delivery companies handled a total of 535 million parcels throughout the day, three times the daily capacity since the second quarter and an increase of 28.6 percent year-on-year and a record high, according to the official Wechat of the State Post Bureau.

It is expected that the peak of this year's "double 11" season will last from November 11 to 18, during which the industry will handle 2.8 billion pieces of express mail.

• Huawei confirmed that it would pay a bonus of 2 billion yuan to employees; no specific allocation plan was disclosed.

On November 11, it was reported that Huawei would pay two special bonuses to its employees: first, an one-month sunny salary for everyone, which will be paid in November; and second, a bonus of 2 billion yuan to those involved in the switching of domestic components. It is reported that the award is to thank employees for their efforts and efforts since Huawei was sanctioned in May this year.

Huawei confirmed to reporters face-to-face that the bonus would be paid, but did not disclose the specific distribution plan. The other party said that the personnel involved in the switching of domestic components should be dominated by R & D and supply chain employees. In addition, some Huawei employees revealed that in addition to the half-yearly assessment of Chand D, the whole staff will be paid an extra month's salary this month.

• Beijing Internet Information Office interviewed Jinri Toutiao and ordered it to strengthen the management of information search service.

On November 11, according to the news disclosed by the Beijing Wechat official account, a few days ago, the Beijing Municipal Internet Information Office seriously interviewed the relevant person in charge of Jinri Toutiao in response to bad information slandering the revolutionary hero Fang Zhimin in the search results outside Jinri Toutiao. and ordered the platform to carry out rectification and reform, thoroughly clean up the relevant information, punish those responsible, improve the internal mechanism, and improve the search function. We will earnestly strengthen the management of information search services to prevent the spread of information that distorts, vilifies, blasphemes and negates the deeds and spirits of heroic martyrs.

The person in charge of Jinri Toutiao said that he will strictly implement the interview requirements of the Internet letter department, earnestly fulfill the main responsibility, strengthen search management, and make comprehensive rectification in a timely manner.

Review of US stocks

• Us stocks rise and fall, Boeing Co pushes the Dow to a new high

U. S. stocks closed mixed Monday. The sharp rise in Boeing Co's share price pushed the Dow to a new closing high. Investors are still watching the progress of international trade relations and are waiting for speeches to be made this week by US President Donald Trump and Federal Reserve Chairman Powell.

• NIO Inc. closed down 6% and 36 krypton fell nearly 18% on the second day of listing.

On the second day of trading$36Kr Holdings (KRKR.US) $It fell 18% to close at $10.70; the IPO offering price was $14.50.$NIO Inc. (NIO.US) $It fell 6.1% to $1.86.

• Tmall's daily turnover on Singles' Day reached 268.4 billion yuan, an increase of more than 25% over the same period last year.

Zero o'clock on November twelfth$BABA (BABA.US) $Tmall's whole-day turnover on Singles Day reached 268.4 billion yuan, an increase of more than 25 percent over last year's whole day compared with the same period last year. In addition to sales, Tmall Singles Day has also become an important node for platform customers to obtain. At the media communication meeting held in Hangzhou BABA Xixi Park, Jiang Fan, partner of BABA and president of Taobao Tmall, revealed that the daily active users of Taobao App will exceed 500 million on the day of Tmall's Singles Day this year. On the 9th, hand Taobao DAU has exceeded that of last year's double 11, and the platform is expected to add 100 million buyers.

• "11.11 JD.com Global good things Festival"the cumulative amount of orders issued exceeds 204.4 billion yuan.

据$JD.com (JD.US) $According to officials, from 00:00 on November 1 to 23:59:59 on November 11, the cumulative amount of orders placed by JD.com Global good things Festival on November 11 exceeded 204.4 billion yuan, much higher than that on November 11, 2018.

This is also another strength of the new home court created by JD.com at the end of the year after the cumulative amount of orders issued in the middle of this year reached 201.5 billion yuan.

• Pinduoduo did not disclose the "double 11 data" to the public:Pay more attention to whether consumers enjoy real benefits and fun.

November 12 news, 2019 double 11 came to an end$Pinduoduo (PDD.US) $Said that there is no more "double 11 data" disclosed to the public.

Pinduoduo said that we care more about whether our consumers enjoy the real benefits and fun than the numbers. If consumers can feel the "performance-to-price ratio" every day, there is value in working hard. "if you are satisfied, we will be happy. "

• Tencent Music's Q3 revenue is 6.51 billion yuan, and Jay Chou's new songs contribute a lot.

November twelfth$Tencent Music (TME.US) $Released financial results for the third quarter ended September 30, 2019.

According to the financial report, in the third quarter of 2019, Tencent Music Entertainment's total revenue was 6.51 billion yuan, up 31.0 percent from the same period last year; net profit was 1.03 billion yuan, up 6.4 percent from the same period last year, and the figure was higher than 927 million yuan in the previous quarter. The number of people paying for online music continued to increase to 35.4 million, up 42.2 percent from the same period last year, and a net increase of 4.4 million over the previous quarter, both higher than 2.6 million in the second quarter of the same year and 1.4 million in the first quarter of the same year.

As of press time, Tencent Music's share price fell slightly in after-hours trading.

• Boeing Co expects that 737MAX will fly again in January next year, and the stock price will soar.

$Boeing Co (BA.US) $On Monday, the company expects to resume delivery of the 737 Max in December and commercial services in January. By the close, the stock was up 4.55%, pushing the Dow higher.

Boeing Co said that the company has completed the testing of the flight control repair software on the simulator with the FAA, but the entire approval process has not yet been completed. Regulators still have to issue new pilot training, and Boeing Co needs to fly with relevant officials for certification.

• After UBER TECHNOLOGIES INC's lock-up period ended, the former CEO sold more than $500m of shares

$UBER TECHNOLOGIES INC (UBER.US) $Co-founder and director Travis Kalanick (Travis Kalanick) sold more than $500m worth of shares last week after the lock-up period expired.

The end of the lock-up period means insiders, including early investors and employees, are free to sell shares. The restriction ended last Wednesday. In anticipation of a wave of selling, UBER TECHNOLOGIES INC's shares tumbled nearly 4% on the day, falling to $25.58 at one point in intraday trading, down 43% from the offering price, the lowest level since listing.

• Bitland is expected to complete its listing in early 2020, raising up to 500 million US dollars.

According to IPO, Bitland secretly filed a prospectus with the Securities and Exchange Commission (SEC) in late October and plans to complete its listing in early 2020, raising up to $500m.

The Prospect of Hong Kong stocks

• A net inflow of 2.023 billion yuan from southbound funds on Monday

• Tencent announces a new mission and vision: Value for Users, Tech for Good

On November eleventh$Tencent (00700.HK) $On the 21st anniversary, Tencent officially announced his new mission and vision: Value for Users and Tech for Good. In addition, Tencent also announced new values: integrity, enterprising, cooperation and creation.

• XIAOMI double 11 Battle report: the amount paid by the whole platform exceeds 6.1 billion yuan.

$XIAOMI Group-W (01810.HK) $The double 11 war report released shows that in 2019, XIAOMI paid more than 6.1 billion yuan for the entire platform, and Tmall XIAOMI paid more than 2.1 billion yuan for the official flagship store. Since participating for the first time in 2013, the flagship store of Tmall's double 11 brand has won seven consecutive championships.

• China Unicom and China Telecom Corporation completed the outfield test of the first 5G shared network management operation and maintenance function.

November 7 to 8$China Unicom (00762.HK) $、$China Telecom Corporation (00728.HK) $The first outfield test in China was carried out in Hangzhou, Zhejiang Province, using 4G anchor shared carrier + 5G NR sharing scenario, and the equipment used ZTE Corporation wireless unified network management solution. The completion of the test indicates that 5G co-construction and sharing has made full preparations for daily operation, maintenance, network management and monitoring.

• Hong Kong stocks can subscribe for new shares today

Focus today

Key words: UK unemployment rate in October, Semiconductor Manufacturing International Corporation / HUYA Inc. earnings report, Chinese antibody listing

The relevant economic data on Tuesday (November 12) occurred mainly in the euro area.The unemployment rate in Britain in October, the small business confidence index in the United States, etc. With particular attention to the UK unemployment rate, hiring demand from UK employers in October was the lowest in nearly eight years, highlighting the Bank of England's suspicion that the labour market may have lost its strength.

In terms of financial results, it is recommended to pay attention to Hong Kong stocks Semiconductor Manufacturing International Corporation, US stocks US-listed Chinese stocks JOYY Inc era and HUYA Inc..Semiconductor Manufacturing International Corporation has been in turmoil in recent days. On November 7, foreign media reported that ASML, one of the world's largest semiconductor equipment manufacturers, may have delayed delivery to Semiconductor Manufacturing International Corporation, resulting in Semiconductor Manufacturing International Corporation's dive of more than 4% that day. Investors need to keep a close eye on things.

In terms of Hong Kong stocks, China antibody is expected to be listed on November 12.China Antibody Pharmaceutical, founded in Hong Kong in 2001, is a Hong Kong biomedical company dedicated to the research, development, production and commercialization of antibodies and other biological agents for the treatment of autoimmune diseases. So far, the company's product portfolio includes two drugs in development at different stages of clinical trials and four drugs in development at the stage of new drug research.