This week's important schedule overview
Super earnings week! Google leads the way with the earnings of the 'Seven Tech Giants' this week, followed closely by Microsoft, Meta, Apple, and Amazon.
Next week,$Alphabet-A (GOOGL.US)$Will be the first to release its earnings after the market closes next Tuesday (October 29th) Eastern Time, market analysts believe that whether investors can regain confidence in investing in Google will depend on future anti-monopoly risk control, the market performance of cloud computing, advertising business, and YouTube in the third quarter. Institutions expect Google to achieve revenue of $86.23 billion in Q3, a YoY growth of 12.44%; with an estimated EPS of $1.84, a YoY growth of 18.97%.
Later,$Microsoft (MSFT.US)$Partnering with Meta, Microsoft will debut after the Eastern time on Wednesday, October 30, with institutions expecting Microsoft to achieve revenue of $64.542 billion in the current quarter, a 14.2% year-on-year increase; expected earnings per share of $3.10, a 3.76% year-on-year increase.
Regarding$Meta Platforms (META.US)$Investors will focus on its advertising revenue, capital expenditure, and the specific situation of the Metaverse Reality Lab in this quarter. Market expectations for Meta's Q3 revenue to reach $40.299 billion, an 18.02% year-on-year increase; earnings per share of $5.28, a 20.24% year-on-year increase.
Finally, $Apple (AAPL.US)$And.$Amazon (AMZN.US)$Their performance is scheduled to be announced after the market closes on Thursday, October 31, Eastern Time; due to the huge market capitalization of these tech giants, accounting for a total of 23% of the S&P 500 index weight, the market's reaction to their performance may affect the entire large cap index.
In addition to technology giants, next week will also see$Advanced Micro Devices (AMD.US)$,$Coinbase (COIN.US)$And.$Exxon Mobil (XOM.US)$Wait for the industry giants to release their financial reports.
The last heavyweight data before the interest rate meeting! Overall growth rate of October non-farm data is expected to slightly decline.
As the policy meeting on November 7 approaches on the U.S. East Coast time, Federal Reserve officials once again enter a routine quiet period. The market generally believes that there is a high possibility of a 25 basis point rate cut.
Starting from next Tuesday, a series of heavyweight economic data will be successively released in the United States, including October consumer confidence index by the advisory council, and data such as September core PCE month-on-month rate to be released on Thursday. The market expects that this time the year-on-year growth rate of core PCE will slightly decline, but the rebound in month-on-month growth rate may complicate the guidance role of inflation data on the Federal Reserve's interest rate path.
In addition, on Friday (November 1st), the focus will be on the October non-farm employment report in the United States. The market expects significant slowing job growth to 125,000 positions, with the unemployment rate remaining unchanged at 4.1% and the average hourly wage growth rate also slowing down. Although factors such as hurricanes and port strikes may distort the data, weak employment data may exacerbate market expectations for the Federal Reserve's dovish stance.
Many countries will announce their GDP for the third quarter, with the U.S. economy's third-quarter annualized growth rate potentially reaching 3.3%.
Next Wednesday, other countries including the United States and the eurozone will successively release third-quarter GDP data. Among them, the Atlanta Fed's GDPNow model predicts the U.S. economy's third-quarter annualized growth rate may reach 3.3%, higher than the second quarter and with upside potential. In addition, the market expects the eurozone's third-quarter GDP to see a modest increase of 0.2% quarter-on-quarter, with the year-on-year growth rate expected to rise slightly from 0.6% to 0.8%.
BOJ interest rate decision: Expected to maintain short-term interest rates unchanged and gradually reduce the scale of bond purchases.
Next Thursday, the overseas market will focus on the monetary policy press conference held by the Bank of Japan. After raising the short-term policy rate target to 0.25% in July this year, the Bank of Japan has begun to take a more patient stance. It is widely expected in the market that the Bank of Japan will maintain the short-term interest rate unchanged this time and gradually reduce the scale of bond purchases.
In addition, the Governor of the Bank of Japan, Haruhiko Kuroda, has already signaled in advance by expressing that the Bank of Japan has sufficient time to consider the monetary policy path, implying that there will be no interest rate hike next week. At the same time, Tokyo's core CPI in October fell below 2% for the first time in five months, mainly due to the Japanese government's energy price subsidies leading to a slowdown in energy price increases, which will also slow down the pace of interest rate hikes by the Bank of Japan.
This week's key performance calendar
October 28, Monday
Keywords: US October Dallas Fed Business Activity Index
On Monday, in terms of economic data, the US will release data including the October Dallas Fed Business Activity Index.
In terms of performance, in the Hong Kong stock market$CNOOC (00883.HK)$Will release the latest performance in the US stock market.$Royal Philips (PHG.US)$,$Ford Motor (F.US)$The other company will also release its results.
In terms of new stocks, new stocks in the US stock market.$Luda Technology Group (LUD.US)$,$Drugs Made in America Acquisition Corp. (DMAAU.US)$,$Peak Resources (PRB.US)$,$Brazil Potash Corp. (GRO.US)$will be listed.
Tuesday, October 29
Keywords: USA September JOLTs Job Openings, October Conference Board Consumer Confidence Index, Japan September Unemployment Rate
On Tuesday, in terms of economic data, the USA will release September JOLTs job openings, October Conference Board Consumer Confidence Index, August FHFA House Price Index and other data; Japan will release September unemployment rate.
In terms of performance, in the Hong Kong stock market$HSBC HOLDINGS (00005.HK)$Will release the latest performance in the US stock market.$D.R. Horton (DHI.US)$,$Alphabet-A (GOOGL.US)$,$Advanced Micro Devices (AMD.US)$The other company will also release its results.
Wednesday, October 30th
Keywords: USA October ADP Employment Numbers, Q3 Real GDP Annualized Rate Initial Value, September Existing Home Sales Index Monthly Rate
On Wednesday, in terms of economic data, the USA will release a series of data including October ADP Employment Numbers, Q3 Real GDP Annualized Rate Initial Value, and September Existing Home Sales Index Monthly Rate; the Eurozone will release Q3 GDP Annual Rate Initial Value, October Economic Sentiment Index, among other data.
In terms of performance, in the Hong Kong stock market$MIDEA GROUP (00300.HK)$Will release the latest performance in the US stock market.$Microsoft (MSFT.US)$,$Meta Platforms (META.US)$,$MicroStrategy (MSTR.US)$,$Coinbase (COIN.US)$The other company will also release its results.
Regarding new listings, Hong Kong's new stock $LOPAL TECH (02465.HK)$Listed in Hong Kong.
Thursday, October 31st
Keywords: China's official manufacturing PMI for October, US core PCE price index monthly rate for September, Challenger layoff count for October, Bank of Japan monetary policy press conference, European economic bulletin.
On Thursday, in terms of economic data, China will release the official manufacturing PMI data for October, the US will release the core PCE price index monthly rate for September, Challenger layoff count for October, and a series of data including initial jobless claims numbers for the week ending October 26th, Bank of Japan will announce target interest rate data, Eurozone will release September unemployment rate, October CPI monthly rate, and other data.
On the financial event front, Bank of Japan will hold a monetary policy press conference, European Central Bank will publish the economic bulletin.
In terms of performance, in the Hong Kong stock market$BUD APAC (01876.HK)$Will release the latest performance in the US stock market.$Apple (AAPL.US)$,$Li Auto (LI.US)$,$Amazon (AMZN.US)$,$Intel (INTC.US)$The other company will also release its results.
Regarding new listings, Hong Kong's new stock $BIOSTAR PHARM-B (02563.HK)$Listed in Hong Kong, a new stock in the US market$COR3 & Co (COC.US)$will be listed.
Friday, November 1st
Keywords: China's October Caixin Manufacturing PMI, USA's October seasonally adjusted non-farm employment population, October unemployment rate, October ISM Manufacturing PMI.
On Friday, in terms of economic data, China will release the Caixin Manufacturing PMI data for October, while the USA will announce a series of data for October, including seasonally adjusted non-farm payrolls, October unemployment rate, and October ISM Manufacturing PMI.
In terms of performance, in the US stock market$Chevron (CVX.US)$,$Exxon Mobil (XOM.US)$Will release financial report.
Regarding new listings, Hong Kong's new stock $TS LINES (02510.HK)$Listed in Hong Kong, a new stock in the US market$Heritage Distilling Holding Company, Inc (CASK.US)$will be listed.
Wishing Mooers a successful week of investment!
Editor/ping
