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• The number of initial jobless claims in the U.S. unexpectedly fell last week, dropping to pre-hurricane levels.

The number of initial jobless claims in the U.S. has decreased for the second consecutive week, dropping to the level before hurricanes "Helen" and "Milton" hit the southeastern states of the U.S. In the week of October 19, the number of initial jobless claims decreased by 0.015 million to 0.227 million, with economists' median forecast at 0.242 million. Stephen Stanley, Chief Economist for Santander US Capital Markets, said in a report, "The impact of Hurricane Helen seems to be dissipating faster than people feared, which is a positive sign that the economic impact of the hurricane did not spread rapidly across the region."

• Federal Reserve voter this year, Hammock: The work of fighting inflation is not yet complete.

Cleveland Fed President Beth Hammack stated that while progress in lowering inflation in recent months has resumed, officials are not yet ready to declare their task complete. This echoes recent comments by Fed Chairman Powell. Hammack said on Thursday, "We have made good progress, but the inflation rate is still above the 2% target set by the FOMC. The pandemic and its consequences remind us that different changes in each component of inflation may have significant effects on the overall inflation path."The Federal Open Market Committee (FOMC)(FOMC) target. The pandemic and its consequences remind us that different changes in each component of inflation may have significant effects on the overall inflation path.

• Bank of Japan Governor Kuroda Haruhiko: Time to consider the next policy steps.

Bank of Japan Governor Haruhiko Kuroda stated that the optimism about the future of the US economy seems to be growing; we need to further examine whether the optimism about the future of the US economy can be sustained; the recent depreciation of the yen is partly driven by the optimism about the future of the US economy; when policymakers consider monetary policy, there is time to study economic data.

• European Central Bank Executive Board member Naegeler: the ECB should not be too hasty to cut interest rates.

ECB Executive Board member Naegeler stated that the ECB should not be too hasty to cut interest rates and should remain flexible. ECB Executive Board member Kazaksis said that the speed of the decline in the eurozone inflation rate may be faster than previously expected, but considering the special uncertainties, the ECB should stick to a gradual interest rate cut approach. ECB Executive Board member Muller believes that the ECB should maintain the same gradual interest rate cut path. In addition, Catherine Mann, a member of the Bank of England's Monetary Policy Committee, said there may be a risk of premature interest rate cuts by the Bank of England.

• The assets of US money market funds have risen to a record high of $6.51 trillion.

Facing the Fed's rate cuts, investors are flocking to such assets for higher yields. Data released by the Investment Company Institute on Thursday shows that around $40.4 billion flowed into money market funds in the week ending October 23. As traders debate the pace of future rate cuts by the US, the inflows into these assets this year have exceeded $500 billion. Even after the Fed cut rates by 50 basis points in September, money market funds continue to attract new funds as their yields are higher than other investment tools, especially bank deposits.

• Two major innovative financial instruments have been launched, and banks have quickly secured the first batch of customers.

Since the launch of two major financial innovation tools, the Interbank Offered Rate (SFISF) and repos and holdings loans, commercial banks as important participants have also been swift in action, actively seeking business opportunities under the strong sentiment of securing the "first deals" and "first batch". Currently, including ICBC, ABC, BOC, Postal Savings Bank of China, and Shanghai Pudong Development Bank, five banks have announced the first batch of bond repurchase transactions under the landing of the Interbank Offered Rate tool. In addition to the four major state-owned banks, shareholding loans for stock repurchases have also been launched by joint-stock banks such as CMB, CIB, Ping An, CITIC, SPD Bank, and China Everbright Bank.

Gamestop's surge has dramatically narrowed, with the trading platform considering unplugging the internet of US retail investors.

• 三大指数涨跌不一，特斯拉大涨约22%

三大指数涨跌不一，道指连续四个交易日下跌，为6月以来首次，标普500指数小幅上涨，结束了连续三天的下跌。截至收盘，道琼斯指数跌0.33%，标普500指数涨0.21%，纳斯达克指数涨0.76%。

Most large-cap tech stocks rose, with Tesla up 21.92%, Apple down 0.08%, Microsoft up 0.03%, Nvidia up 0.61%, Google down 0.04%, Amazon up 0.90%, Meta up 0.73%.

China concept stocks were mostly down, with the Nasdaq Golden Dragon Index falling 0.82%, Alibaba down 1.67%, JD.com down 1.68%, PDD Holdings down 0.78%, NIO Inc. down 4.05%, XPeng down 6.18%, Li Auto Inc up 1.22%, Bilibili down 2.11%, Baidu down 0.52%, Netease down 1.45%, Tencent Music down 1.38%.

• Q3盈利超市场预期，特斯拉股价大涨22%，马斯克财富一夜暴增逾26 billion美元

美东时间周四（10月24日）， $Tesla (TSLA.US)$ 股价创下11年来最佳表现，该公司CEO、世界首富马斯克财富也随之增加了超过26 billion美元达到270.3 billion美元，比排名第二的贝佐斯高出61 billion美元。特斯拉股价周四上涨21.92%，报260.48美元/股，创下自2013年以来最佳单日涨幅，市值增加约150 billion美元。马斯克在财报发布后的网络直播中预测明年汽车销量将增长高达30%并宣布Cybertruck首次实现季度盈利。

• Apple's market manager confirmed: plans to update Mac next week.

$Apple (AAPL.US)$ Company's marketing director Greg Joswiak stated through social media X Company (formerly Twitter) that Apple is preparing to introduce the latest (research and development) status of the Mac computer line next Monday (local time in the morning), and the announcement event for related products will last for a week. On October 23rd, for AI, Apple will release three new Mac models with M4 chips next week, and may complete the upgrade of all Mac models next year. Bloomberg reported that Apple will launch the first Mac series configured with M4 chips, which may include iMac, MacBook, and Mac mini. Apple launched the iPad Pro with M4 in May, including upgrades for handling artificial intelligence (AI) tasks.

• The UK's antitrust regulator is formally investigating Google's investment behavior in Anthropic AI.

$Alphabet-C (GOOG.US)$ The company's partnership with the artificial intelligence (AI) company Anthropic AI faces the risk of derailing in the UK market. On October 24th, the Competition and Markets Authority (CMA) in the UK announced that it has officially launched an investigation into a transaction. This move indicates that UK regulators are paying closer attention to investment activities of AI startups. In 2023, Google pledged to invest 2 billion USD in Anthropic AI; before making this commitment, the two parties had already signed a significant cloud agreement.MergerTrade. This means that UK regulators are now closely monitoring investment activities of AI startups. In 2023, Google pledged to invest 2 billion USD in Anthropic AI; before making this commitment, the two parties had already signed a significant cloud agreement.

• Morgan Stanley announced that CEO Ted Pick will assume the role of chairman of the board.

$Morgan Stanley (MS.US)$ The CEO Ted Pick has been elected as chairman of the board, effective January 1. James Gorman will step down as chairman and leave the board. Gorman will also retire from Morgan Stanley and be appointed as honorary chairman at that time.

• T-Mobile US rose 5.71% to a new high, with Q3 net income increasing by 43% year-on-year and adding more users than its peers.

$T-Mobile US (TMUS.US)$ In the third quarter, revenue was $20.16 billion, up 4.7% year-on-year, exceeding market expectations of $20 billion; net income was $3.1 billion, up 43% year-on-year; adjusted earnings per share were $2.61, exceeding market expectations of $2.43. Net additions of postpaid users were 0.865 million during the period, exceeding market expectations of 0.7329 million and outperforming its competitors' 0.403 million and $AT&T (T.US)$ $Verizon (VZ.US)$ 0.239 million shares. As of the close, T-Mobile US rose 5.71%, hitting a historical high.

• McDonald's supplier issues a widespread recall, with Yum! Brands removing onion ingredients from some KFC and other stores.

mcdonald's (MCD.US) Supplier Taylor Farms is recalling a portion of yellow onions produced by Taylor Farm Colorado facility in response to recent consumer E. coli infections in the United States. Yum! Brands, the parent company of KFC, is taking fresh onions off the shelves from some KFC, Pizza Hut, and Taco Bell stores as a precaution amidst E. coli infection events linked to McDonald's stores across various parts of the U.S. $Yum! Brands (YUM.US)$ announced that, out of caution, fresh onions are being removed from a portion of KFC, Pizza Hut, and Taco Bell brand stores. The company is focusing on recent E. coli infection events linked to McDonald's stores across various parts of the U.S.

• Zai Lab surged over 14%, releasing positive clinical data for ADC ZL-1310 targeting DLL3.

$Zai Lab (ZLAB.US)$ Closing up 14%, rose over 26% in early trading. Zai Lab announced ongoing ZL-1310 global Phase 1a clinical trial data in the form of an oral presentation at the 2024 EORTC-NCI-AACR (ENA) conference held in Barcelona, Spain. The data shows that ZL-1310 demonstrates good objective response rate and safety in extensive-stage small cell lung cancer. In recurrent extensive-stage small cell lung cancer (SCLC) patients, ZL-1310 achieved an objective response rate (ORR) of 74% at all tested dose levels.

BeiShui crazily bought China Mobile for nearly HKD 1.8 billion and sold Tencent for about HKD 200 million. On Monday (June 3rd), Southbound funds net purchased HKD 3.4 billion of Hong Kong stocks.

• Beishui aggressively buys Xiaomi for nearly 0.55 billion Hong Kong dollars, sells Tencent and Meituan for nearly 0.5 billion Hong Kong dollars.

On October 24 (Thursday), southbound funds net sold 0.469 billion Hong Kong dollars of Hong Kong stocks.

$XIAOMI-W (01810.HK)$,$BABA-W (09988.HK)$,$SHIYUE DAOTIAN (09676.HK)$Received net inflows of 0.542 billion Hong Kong dollars, 0.244 billion Hong Kong dollars, and 0.124 billion Hong Kong dollars respectively;

$TRACKER FUND OF HONG KONG (02800.HK)$,$TENCENT (00700.HK)$,$MEITUAN-W (03690.HK)$Net sales of HK$1.958 billion, HK$0.493 billion, and HK$0.47 billion, respectively.

• JPMorgan reduced its shareholding in Weichai Power by approximately 3.0476 million shares, with a price of about HK$11.96 per share.

According to the latest information from the Hong Kong Stock Exchange, on October 18th, JPMorgan reduced its shareholding. $WEICHAI POWER (02338.HK)$By 3.047622 million shares, with a price of HK$11.9586 per share, totaling approximately HK$36.4453 million. The latest number of shares held after the reduction is approximately 0.135 billion shares, and the latest shareholding ratio is 6.94%.

• Tianqi Lithium Corporation issued a profit warning, expecting a net loss attributable to equity shareholders of RMB 5.45 billion to 5.85 billion in the first three quarters.

$TIANQI LITHIUM (09696.HK)$ In the announcement, the group expects a net loss attributable to the company's shareholders for the nine months ending September 30, 2024, to be between RMB 5.45 billion and 5.85 billion (unaudited), while in the same period of the previous year, the group obtained a net profit attributable to the company's shareholders of RMB 8.0985 billion.

• China Comm Cons' newly signed contract amount in the first three quarters was 1.28 trillion yuan, a year-on-year increase of 9.28%.

$CHINA COMM CONS (01800.HK)$ Before the announcement, the Group's newly signed contract amount in the first three quarters was 1.28 trillion yuan, a year-on-year increase of 9.28%, achieving 64% of the annual target. Among them, infrastructure construction business, infrastructure design business, dredging business, and other businesses amounted to 1.15 trillion yuan, 38.716 billion yuan, 84.209 billion yuan, and 8.081 billion yuan respectively.

The company's overall sales volume in 2023 was 18,000 kiloliters, with a year-on-year increase of 28.10%, indicating significant growth. In terms of product structure, the operating income of products worth 10-30 billion yuan were 401/1288/60 million yuan respectively.

Keywords: USA October University of Michigan Consumer Confidence Index, one-year inflation rate expectation; China Shenhua performance

In terms of economic data, the US September durable goods orders month-on-month rate, and the final value of the University of Michigan Consumer Confidence Index for October.

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.

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