Sina US Stock Exchange, November 27: US stock index futures rose slightly before Wednesday. Despite the proximity of the Thanksgiving holiday, market trading was relatively lackluster, and the global market focused on major US economic data.

As of press release, Dow futures are up 0.01%, S&P 500 futures are up 0.1%, and Nasdaq futures are up 0.2%.

The US stock market and bond market were closed on Thursday and closed for half a day on Friday.

Investors will welcome a series of major economic data announced tonight, such as the revised annualized quarterly rate of the US real GDP for the third quarter, the number of jobless claims in the US until the beginning of the week of November 23, the monthly rate of US durable goods orders in October, the US PMI in November in Chicago, and the annual rate of the US core PCE price index for October.

Bart Melek, head of global strategy at TD Securities, said: “The PCE indicator will be key because it is the Fed's favorite measure of inflation.”

Dailyfx pointed out that the recovery of the US economy after the Fed cut interest rates is expected to be reflected in recent data performance. It is expected that the US economic data will show a recovery trend in the near future, which will help the US dollar continue to perform strongly. Among them, the core PCE price index is one of the important indicators for the Fed to measure inflation.

Once this data performs well, it is expected to stimulate expectations that the Fed will end an “adjusted” interest rate cut.

However, Dallas Fed Chairman Kaplan said overnight that the growth rate of the US economy is expected to slow sharply in the fourth quarter. Federal Reserve Governor Brainard made positive expectations for the US economy and believed that in the face of low interest rates and low inflation, long-term changes in monetary policy behavior should be implemented.

As the Thanksgiving holiday approaches, market trading is light. Analysts believe that when trading is quiet, market liquidity is declining, and investors need to watch out for sharp market fluctuations caused by scarce liquidity.

According to the latest Reuters survey, strategists expect that the US stock market will continue to rise until 2020, but the growth rate will be much more moderate than this year, and the upward trend is likely to slow.

According to the median forecast of 52 strategists by Reuters over the past two weeks, the S&P 500 index will reach 3,260 points in 2020, about 4% higher than Monday's closing price of 3133.64 points. Up to now this year, the S&P 500 Index has risen about 25%.

Sam Stovall, chief investment strategist at CFRA, said, “Next year will be a good year, but it won't be very good.” He expects the S&P 500 index to close at around 3,380 points next year.

Most of the respondents said they expect the bull market to continue until 2020 and for at least a year.

According to strategists, stocks will benefit from the stability of global economic growth, the easing policies of central banks, and better-than-expected profits for US companies.

On Tuesday, CNBC reviewed the predictions of investment banks in the industry for the 2019 market at the end of 2018. After a lapse of almost a year, are their bets actually right?

At the end of 2018,Goldman SachsIt is insisted that the Federal Reserve will raise interest rates four times in 2019. Pimco, the world's largest bond trader, expects the Fed to raise interest rates three more times by the end of 2019.

However, in reality, the Federal Reserve has already cut interest rates three times in 2019. The 10-year US Treasury yield declined steadily in 2019 and fell to about 1.45% in early September. The reason is that concerns that the world economy is about to enter a recession have peaked.

For the European stock market, the end of 2018 was a depressing period. This year was hailed as the worst performance year for European stocks in ten years.

As a result, when analysts look ahead to 2019, few optimists believe that Europe's political crisis will ease.J.P. MorganAt the time, it was pointed out that geopolitical tail-end risks were still an adverse factor for European stock markets, highlighting the uncertainty of Brexit and the Italian debt crisis.

Société Générale predicts that the European Stoxx 50 Index will fall another 8% in 2019, while the FTSE Index will drop by as much as 14%.

Currently, there are only about five weeks left until the end of 2019. The Pan-European Stoxx 600 Index was last reported at 409 points, up about 20% so far this year.

The US House Judiciary Committee officially invited Trump to attend the first impeachment hearing.

The US House Judiciary Committee invited President Trump to attend the first impeachment hearing scheduled to be held on December 4 on Tuesday local time. This hearing will begin the next stage of the impeachment process, and finally a formal indictment against Trump may be filed.

Democratic Representative Jerrold Nadler, chairman of the Judicial Committee, said in a statement that he has sent a letter to Trump reminding the latter that the committee's rules allow him to attend the hearing, and that his lawyer can also ask questions to witnesses.

Individual stocks in focus

TeslaIt rose 1.16% before the market. Musk said on social media this Tuesday, US time, that five days after the Tesla pickup was released, 250,000 orders had already been received.

GlaxoSmithKlinePre-market sales rose 1.16%, and GlaxoSmithKline's Q3 sales were £9.4 billion, up 16% year over year.

BoeingIt fell 1.14% before the market. Boeing said that the 737MAX is hopeless to resume flights this year.

Deutsche Bank's stock price rose more than 1% before the market. It is rumored that Deutsche Bank sold about 51 billion US dollars in assets to Goldman Sachs.

Excellent creditUsed cars rose 4.21% before the market. Financial reports show that Youxin's overall business continued to maintain steady growth.

JinkoEnergieThe pre-market increase was 1.73%. JinkoSolar announced that the company was selected for the list of individual champions in the Chinese manufacturing industry.

Fighting fishTotal revenue for the third quarter reached 1,859 billion yuan, up 81.3% year on year; net profit under non-US GAAP was recorded at 72.2 million yuan, turning a loss into a profit year on year.

DellPre-market sales fell 2.33%, and Dell Technologies' third-quarter sales fell short of expectations.

HPThe pre-market increase was 0.95%, and HP's fourth fiscal quarter results exceeded expectations.

AutodeskIt fell 1.20% in the pre-market, and Autodesk's fourth quarter guidance fell short of Wall Street expectations.

Guess fell 5.82%, and net revenue for the third quarter increased by only 1.7%, falling short of expectations.

Other markets

The US dollar index is now reported at 98.32, up 0.06%.

U.S. crude is now reported at $58.44 per barrel, up 0.05%; Brent crude is now reported at $63.33 per barrel, up 0.19%.

Spot gold is now reported at $1456.61 per ounce, down 0.33%; COMEX gold futures are now reported at $1456.20 per ounce, down 0.28%.

Right now, as the global trade situation continues to send signs of optimism, risk sentiment is heating up, and the US stock market has repeatedly reached record highs, causing demand for safe-haven assets to suffer. The price of gold seems to “bear the brunt” and has continued to be sold off recently.

Phillip Futures analyst Benjamin Lu said that in the face of heightened risk sentiment in the overall market, all safe-haven assets are facing suppression.

In addition to this, from the technical side of gold, it also sends a new signal: it is likely to break out! Moreover, technical analyst Wang Tao said that the price of gold will once again test the support of 1,455 US dollars/ounce and look towards the 1,417 to 1,440 US dollars/ounce area after falling below.

However, analyst Clif Droke pointed out that in the next three to six months, the market will still have a large number of factors supporting gold, and geopolitical uncertainty around the world is still strong. As a result, investors will not completely abandon gold; as a safe haven asset, it will still have a place in the investment portfolio.