相关阅读：This week's important schedule overview
As the financial reporting season enters its peak, the heavyweight Tesla financial report is coming!
This week, many important companies in the Hong Kong and US stock markets will disclose their financial reports. Among them, one of the most important is one of the "Magnificent 7" in the US stock market, $Tesla (TSLA.US)$ which will release its financial report after the market close on October 23 Eastern Time. Institutions expect it to achieve revenue of $25.674 billion in 2024 Q3, a 9.95% year-on-year increase; and forecast an eps of $0.5, a 5.96% year-on-year decrease.
Previously, Musk's Robotaxi performance did not satisfy the market, leading to a sharp decline in its stock price. Looking ahead to the third quarter report, investors will continue to focus on automotive business revenue, the impact of price cuts on profit margins, the situation of the energy storage business. In addition, the progress of the Robotaxi project, its potential revenue contribution, the outlook for the next two years' delivery volume, will also be key factors affecting market response.
Related reading:In addition, in the Hong Kong stock market $PING AN (02318.HK)$Please use your Futubull account to access the feature.$CHINA UNICOM (00762.HK)$Please use your Futubull account to access the feature.$HKEX (00388.HK)$Please use your Futubull account to access the feature.$CHINA SHENHUA (01088.HK)$ , as well as the US stock market. $General Motors (GM.US)$and$New Oriental (EDU.US)$Please use your Futubull account to access the feature.coca-cola (KO.US) Please use your Futubull account to access the feature.$American Airlines (AAL.US)$ Various companies will successively release their annual reports, which are worth investors' attention.
The Federal Reserve will publish the Beige Book on the economic conditions, with multiple officials taking turns to provide insights.
This Thursday, the Federal Reserve will make a significant announcement of the Beige Book. Meanwhile, many Fed policymakers will also deliver speeches, which could increase market volatility.
Wall Street analysts believe that although the rate cut in the first phase of this year seems more certain, the rate cut in the second phase will be more cautious. With the U.S. presidential election entering its decisive stage, any statements from Fed officials are worth paying attention to.
Chinese economic data: The central bank hinted at a rate cut this week, will the LPR experience the largest decrease of the year? in this month.
During the 2024 Financial Street Forum Annual Meeting held on October 18th, People's Bank of China Governor Pan Gongsheng stated that by the end of the year, depending on market liquidity conditions, they plan to further reduce the reserve requirement ratio by 0.25-0.5 percentage points; decrease the 7-day reverse repurchase operation rate by 0.2 percentage points; and lower the medium-term lending facility rate by 0.3 percentage points, from 2.3% to 2%. Experts indicate that if this month's LPR is adjusted by the mentioned range, it will be the third reduction of the year, and also the largest decrease, with expectations for the LPR announced on Monday (October 21st) to decrease by 0.2-0.25 percentage points.
Previously, the 7-day reverse repurchase operation rate, as the main policy rate, was adjusted from 1.70% to 1.50%, a decrease of 20 basis points. The downward adjustment of the policy rate is expected to drive the LPR to follow suit as the pricing basis for the current LPR quote.
Regarding other Chinese economic data, the central bank will also conduct one-year Medium-term Lending Facility (MLF) operations on Friday (October 25); and on Sunday (October 27), the National Bureau of Statistics will release China's profits of industrial enterprises above a certain scale in September.
Both European and American PMI are coming, and initial claims data is also worth paying attention to.
The economic data in the USA this week is relatively light, with the most important being the PMI data released on Thursday and the initial jobless claims.
On Thursday, October 24th, the Eurozone and the United States successively released the preliminary PMI data for October. The data released last month showed that the Eurozone's manufacturing PMI for September hit a new low for the year, with both Germany and France accelerating their contraction, showing signs of economic weakness. The US Markit Manufacturing PMI for September hit a 15-month low, with the slowing expansion of the service sector and renewed price pressures.
Last week, the number of initial jobless claims in the United States rose to the highest level in over a year. In the Southeastern states affected by Hurricane Helen, the number of applicants surged in the previous week, indicating possible fluctuations in the coming weeks.
This week's key performance calendar
October 21st, Monday
Keywords: China's one-year loan market quoted interest rate, US September Conference Board Leading Economic Index month-on-month rate; China Ping An's performance
In terms of economic data, data such as the one-year loan market quote interest rate in China as of October 21st, and the month-on-month leading indicators for the US Consultative Conference in September will be successively released.
In terms of financial events, in 2026, FOMC voters and Dallas Fed President Logan will deliver speeches ahead of the 2024 annual meeting of the Securities Industry and Financial Markets Association (SIFMA) in the USA, and participate in a moderated Q&A session.
In terms of performance, in the Hong Kong stock market $PING AN (02318.HK)$ the latest performance will be released, and in the US stock market $Logitech International (LOGI.US)$ and other companies will also be releasing their financial reports.
Tuesday, October 22nd
Keywords: Speeches by Fed officials; China United Network Communications performance
In terms of economic data, the US will release the October Richmond Fed Manufacturing Index, while Hong Kong, China will release the Composite CPI annual rate.
In terms of financial events, several officials from the Federal Reserve will give speeches, including the 2026 FOMC voter and Minneapolis Fed President Kashkari, the 2025 FOMC voter and Kansas City Fed President Schmid, as well as the 2026 FOMC voter and Philadelphia Fed President Hark.
In addition, the State Council Information Office will hold a press conference at 10:00 am Beijing time on the foreign exchange revenue and expenditure data for the first three quarters of 2024.
In terms of performance, in the Hong Kong stock market $CHINA UNICOM (00762.HK)$ the latest performance will be released, and in the US stock market $3M (MMM.US)$Please use your Futubull account to access the feature.$General Motors (GM.US)$Please use your Futubull account to access the feature.$Texas Instruments (TXN.US)$ Other important companies will also release their rankings.
Wednesday, October 23rd
Keywords: Speech by Federal Reserve Board Member Bowman; Total Existing Home Sales in the US for September; Performance of HKEX, Tesla, and New Oriental
In terms of economic data, the annualized total existing home sales in the United States and the weekly EIA crude oil inventory data will be revealed.
In terms of financial and economic events, Federal Reserve board member Bauman will attend the eighth Financial Technology Annual Conference hosted by the Philadelphia Fed and speak, European Central Bank President Lagarde will deliver a speech on the European economic outlook, and Canada will announce its interest rate decision.
On the performance front, several heavyweight company financial reports will be disclosed on this day. Among them, $HKEX (00388.HK)$Please use your Futubull account to access the feature.$New Oriental (EDU.US)$ and other important domestic companies deserve attention; in the US stock market, one of the Magnificent 7 in technology sector is $Tesla (TSLA.US)$ Will release financial report after Wednesday's market close. coca-cola (KO.US) Please use your Futubull account to access the feature.$Boeing (BA.US)$Please use your Futubull account to access the feature.$IBM Corp (IBM.US)$ Will also gradually announce the rankings.
Thursday, October 24th
Keywords: USA initial jobless claims, October manufacturing, service PMI; Federal Reserve releases Beige Book
On the economic data front, USA initial jobless claims will be announced at 20:30 Beijing time, and USA October S&P Global manufacturing and service PMI data will be announced at 21:45, both of which are important economic indicators for this week. At the same time, Eurozone October manufacturing PMI will also be revealed.
In terms of financial events, the Federal Reserve will release the Beige Book on the economic situation, and Bank of Japan Governor Haruhiko Kuroda will deliver a speech at the 'Governors' Talk' hosted by the IMF.
In terms of performance, in the US stock market$Barclays (BCS.US)$Please use your Futubull account to access the feature.$American Airlines (AAL.US)$ Will release financial report, hong kong stock market can pay attention to $SINOPEC SSC (01033.HK)$ Latest performance.
Friday, October 25th
Keywords: USA October University of Michigan Consumer Confidence Index, one-year inflation rate expectation; China Shenhua performance
In terms of economic data, USA September durable goods order month-on-month rate, USA October University of Michigan Consumer Confidence Index final value
In terms of performance, the Hong Kong stock market is more focused on the performance of coal giants $CHINA SHENHUA (01088.HK)$ , $Colgate-Palmolive (CL.US)$Please use your Futubull account to access the feature.$HCA Healthcare (HCA.US)$ and American companies will also release their results.
Wishing Mooers a successful week of investment!
Editor/new
