Eggshells and lychees are on sale today! The US plans to issue 20-year treasury bonds after a lapse of 33 years; Kuaishou reached a large-scale copyright cooperation with Tencent Music; benefiting from strong demand for wafer foundry brought about by 5G and HPC, TSMC's 2020 revenue outlook is optimistic.

Global macroscopic

• US stocks are expected to continue to reach record highs

On Friday, thanks to a steady recovery in China's economic data, US stock index futures indicated that US stocks are expected to reach new record highs, while European stock markets also hit record highs.

• The US restarted issuing 20-year treasury bonds after a lapse of 33 years

According to the US Treasury Department announcement, the US plans to issue 20-year treasury bonds. The last time they were issued was in 1986; demand for 20-year treasury bonds is expected to be strong. Currently, the US government is in urgent need of capital. The US annual federal budget deficit has exceeded 1 trillion US dollars, the highest in seven years.

• U.S.-Mexico-Canada agreement comes to fruition

The US Senate approved a revised version of the US-Mexico-Canada Free Trade Agreement. The agreement approved by the Senate was an amendment to the 26-year-old North American Free Trade Agreement.

• China's GDP grew 6.1% for the full year of 2019

Ning Jizhe, Director of the National Bureau of Statistics: The overall operation of the national economy was stable in 2019, the quality of development improved steadily, and the main expected goals were better achieved. According to preliminary accounting, the annual gross domestic product was 99,86.5 billion yuan, an increase of 6.1% over the previous year at comparable prices, in line with the expected target of 6%-6.5%.

• European stock markets hit record highs

On the European side, the pan-European Stoxx 600 index and the German DAX index reached record highs, while the French CAC40 index reached a 12-year high.

Hot news

• Kuaishou and Tencent Music reach large-scale copyright cooperation
  

Kuaishou and Tencent Music$Tencent Music (TME.US) $In-depth cooperation has been formally reached on copyright, and it is probably the largest copyright cooperation in the short video industry. Currently, you can see quite a few songs labeled “Tencent Music” on Kuaishou, indicating that the two platforms are already linked on the product.

• Ant Financial advisors engage with potential buyers regarding the company's stock offering

$Alibaba (BABA.US) $Advisors of the affiliated company Ant Financial privately contacted potential buyers regarding the sale of the company's shares, and the valuation of Ant Financial reached 200 billion US dollars.

• TSMC increases investment to expand production capacity

$TSMC (TSM.US) $Chairman Liu Deyin benefits from strong demand for wafer foundry brought about by 5G and HPC, and TSMC's 2020 revenue outlook is optimistic. Since the supply of 7nm process OEM is in short supply, TSMC expects capital expenditure to reach 15 billion US dollars to 16 billion US dollars in 2020, another record high.

• Cheetah Mobile executive changes

According to reports,$Cheetah Mobile (CMCM.US) $Thomas Jintao Ren was appointed as CFO. Jiang Zhenyu, CFO of the company, recently left; in April 2017, Jiang Zhenyu became the CFO of Cheetah Mobile, responsible for the company's finance and investor relationship management, and reported to Cheetah Mobile CEO Fu Sheng.

• Ren Jintao, CFO of Renren, resigned due to personal reasons

$Renn.US (RENN.US) $It was announced today that Ren Jintao, the company's chief financial officer, resigned due to personal reasons on January 17, 2020. Renren emphasized in particular that there is no disagreement between Ren Jintao and the company, and that his departure had nothing to do with the company's operations, policies, or practices.

• Tesla changed the map data service provider to Baidu Maps

$ Tesla (TSLA.US) $The side announced that the Tesla map data service provider will be changed to$Baidu (BIDU.US) $map.

• Jumia names new CCO

$Jumia (JMIA.US) $Kenneth Oyolla has been appointed as the new chief commercial officer to succeed Diana Owusu-Kyereko. Furthermore, the stock rose more than 10% before the market.

• UBS downgrades Twitter's rating

This analyst will$Twitter (TWTR.US) $The rating was downgraded to neutral and the target price was lowered from $37 to $35. The stock fell 1% before the market.

• IBM's rating was downgraded by the press

Morgan Stanley: Concerned about its IT spending and profit margins in 2020, will$IBM Corp (IBM.US) $The rating was downgraded from increased holdings to wait-and-see shareholding, and the target price was lowered from $170 to $155. The stock fell more than 1% before the market.

• Schlumberger's Q4 performance exceeded expectations

$Schlumberger (SLB.US) $Q4 revenue was 8.2 billion US dollars, market expectations were 8.154 billion US dollars, compared to 8.2 billion US dollars for the same period last year; net profit was 333 million US dollars, market expectations were 516 million US dollars, compared to 538 million US dollars in the same period last year; the board of directors approved a dividend of 0.5 US dollars/share. The stock rose more than 3% before the market.

• Rumor has it that Google will launch three mid-range phones in the Pixel series this year

This year$Google (GOOG.US) $There may be some changes in the smartphone strategy. The company wants to change its previous practice of exclusively targeting the high-end mobile phone market and launch three mid-range phones in the Pixel series, one of which supports 5G networks. Specific pricing information is not known for the three mid-range phones mentioned above.

Financial Alerts

In terms of economic data, the US will release a number of macro data.

Furthermore,China Securities's Eggshell Apartment and Lychee will also go public in the US today.

$Eggshell Residence (DNK.US) $It will go public in the US on January 17, and the distribution range is set at $13.5. The IPO plans to sell 10.6 million American Depositary Shares (ADS). Each American Depositary Stock represents 10 Class A common stock. Based on the upper limit of the IPO price range, Eggshell Condo will raise up to 175 million US dollars through this IPO transaction.

$lychee (LIZI.US) $It will go public in the US on January 17, stock code LIZI. Earlier, Lychee revealed in its prospectus that it plans to issue 4.1 million American Depositary Shares (ADS), representing 82 million Class A common stock. The issue price range is 11 US dollars per ADS.