11月15日周五，美联储主席鲍威尔受邀参加一场题为“全球视角”的对话会。投资者需密切留意其对后续美国通胀走势、经济走势以及美联储后续利率路径的看法。This week's important schedule overview
Federal Reserve officials are intensively speaking! Federal Reserve Chairman Powell will give a speech on Friday.
On November 7th, Eastern Time, the Federal Reserve FOMC cut interest rates by 25 basis points as expected by the market after the meeting. Powell said at the post-meeting press conference that the fight against inflation is not over yet, core inflation is still somewhat high, and the job market continues to cool very slowly. The Fed will continue to cut interest rates, but if inflation cools down and the economy strengthens, the rate cut can be slower.
In addition, Powell emphasized that he will not resign because of Trump, as the president does not have the legal authority to dismiss him. Although Powell has tried to avoid discussing Trump's election, at some point, Fed policymakers, economists, and analysts will have to consider the ambitious economic agenda that this strong Republican may implement.
On Friday, November 15, Federal Reserve Chairman Powell was invited to participate in a dialogue session titled 'Global Perspectives'. Investors need to closely watch his views on the future trend of U.S. inflation, economic trends, and the Fed's subsequent interest rate path.
In addition, several Federal Reserve officials will also give speeches this week:
On Tuesday at 11:00, 2024 FOMC voter and Richmond Fed President Barkin will speak, and Fed Governor Waller will speak at a banking conference;
On Wednesday at 3:00, 2026 FOMC voter and Philadelphia Fed President Harker will speak on financial technology and artificial intelligence, at 6:30, 2024 FOMC voter and Richmond Fed President Barkin will speak.
On Thursday at 01:30, in 2025, FOMC voting member and St. Louis Fed President Muzalema delivered a speech, at 02:30, 2025 FOMC voting member and Kansas Fed President Schmid delivered a speech.
On Friday at 05:15, FOMC permanent voting member and New York Fed President Williams delivered a speech.
The first data after the November interest rate meeting, the USA will release October CPI and PPI.
The data released last month shows that in September, the USA's CPI increased by 2.4% year-on-year, slightly slowing from the previous value of 2.5%, but exceeding the expected value of 2.3%; September core CPI (excluding volatile food and energy costs) increased by 3.3% year-on-year, slightly exceeding the expected and previous value of 3.2%. USA September PPI was flat compared to the previous month, below the expected value of 0.1%, and below the previous value of 0.2%.
With the cooling of the job market and monetary policy overly tight, the market still expects the Fed to continue cutting interest rates in December. However, due to Trump's presidency potentially bringing stronger economic growth, a business-friendly environment, and inflationary pressures due to trade tariffs, the Fed may 'stand still' starting in January next year.
Analysts believe that if the USA's October CPI data is lower than expected, US bond yields and the USD may come under pressure. And if the CPI data continues to exceed expectations, the USD's upward trend may continue.
Chinese concept stock financial reports bombardment! Tencent, JD.com, Netease, Alibaba, and Bilibili's financial reports come in quick succession.
Wednesday, November 13th, $TENCENT (00700.HK)$ Tencent is scheduled to release its third-quarter report for 2024 after the Hong Kong stock market closes. The market generally expects Tencent to achieve revenue of 167.746 billion yuan in Q3, an increase of 8.49% year-on-year; the expected EPS is 4.76 yuan, an increase of 26.78% year-on-year. It is worth noting that there are some expectations for Tencent in the current market. As of November 7th, northbound funds have been net buyers of Tencent for 10 consecutive days, totaling approximately 3.977 billion Hong Kong dollars.
Following that, on Thursday, November 14th, $JD-SW (09618.HK)$Please use your Futubull account to access the feature.$NTES-S (09999.HK)$Please use your Futubull account to access the feature.$Bilibili (BILI.US)$ Will release financial report.
Pre-market trading in the USA on Friday, November 15th, $Alibaba (BABA.US)$ will also announce its results. Currently, the market generally predicts that Alibaba's Q3 revenue will reach 240.037 billion yuan, an increase of 6.78% compared to the same period last year; with an eps of 11.07 yuan per ADS, a year-on-year increase of 2.76%.
China will release economic data such as retail sales and social financing for October, with the State Council Information Office holding a press conference on the country's economic operation.
Data released last month shows a 10.1% decrease in China's real estate development investment from January to September, with a 17.1% year-on-year decrease in sales area of new commercial buildings; boosted by the sales of commodities such as automobiles and home appliances, China's retail sales growth rebounded in September.
On Friday, November 15th, the National Bureau of Statistics will release the monthly report on residential sales prices for 70 large and medium-sized cities, while on the same day, the State Council Information Office will hold a press conference on the operation of the national economy. From November 11th to 15th, China will irregularly publish financial data such as social financing and new RMB loans for October.
Zhong Zhengsheng, Chief Economist of Ping An Securities, believes that since October, the recovery trend of the Chinese economy has accelerated, and the effects of incremental policies have been evident. Firstly, the funding for infrastructure and real estate investment has improved for four consecutive weeks, with an increase in physical work volume, providing impetus for the recovery of raw material production. Secondly, policies such as swapping old for new and lowering mortgage rates to promote consumption have helped boost household commodity consumption recovery, also providing support for the production of consumer goods such as textiles and household appliances.
Thirdly, the effects of the new real estate policies have been concentrated and released, with a significant narrowing of the year-on-year decline in sales area for new homes, and a reversal from negative to positive for the year-on-year sales area of second-hand homes. At the same time, the recovery trend of exports has increased, driven by the 'export rush' effect, leading to a faster year-on-year recovery in the volume of goods and containers at Chinese ports.
The Bank of Japan will publish a summary of opinions from the October Monetary Policy Meeting.
Regarding the Japanese Yen, since mid-September, the yen's depreciation has intensified, with the US dollar against the yen soaring to a three-month high of 154.71 after the US election. The main reason for the reversal of the yen's appreciation trend is that the timing of the Bank of Japan's next rate hike remains uncertain.
Investors currently estimate a 40% likelihood of a 25 basis points rate hike by the Bank of Japan in December. However, the central bank may wait until after the annual spring wage negotiations next year to make a decision.
To boost the yen by anticipating an early rate hike by the Bank of Japan, significant improvements are needed in growth and inflation data. Therefore, if Japan's third-quarter GDP data is better than expected, this may slightly boost the yen.
This week's key performance calendar
Monday, November 11th
Keywords: China's total social electricity consumption, Bank of Japan's summary of monetary policy opinions in October, Japan's trade balance
On Monday, in terms of economic data, China will release the total social electricity consumption, and Japan will announce its trade balance.
Regarding financial events, the Bank of Japan will publish the summary of opinions from the October monetary policy meeting.
In terms of performance, in the Hong Kong stock market, $LEAPMOTOR (09863.HK)$Please use your Futubull account to access the feature.$YUE YUEN IND (00551.HK)$ Performance announcements will be made; in the US stock market, $Sabesp (SBS.US)$Please use your Futubull account to access the feature.$Grab Holdings (GRAB.US)$ will also release their results.
新股方面，美股 $Aureus Greenway (AGH.US)$ will be listed on Monday.
November 12th, Tuesday
Keywords: Occidental Petroleum, Home Depot, Sea and others will release financial reports, Federal Reserve Board member Waller will deliver a speech.
On Tuesday, in terms of economic data, the USA will release the NFIB Small Business Confidence Index, the United Kingdom will release the unemployment rate, the number of unemployment benefit claimants, Germany will release the final value of the CPI monthly rate, and the ZEW Economic Sentiment Index.
In terms of performance, the US stock market $Home Depot (HD.US)$Please use your Futubull account to access the feature.$Shopify (SHOP.US)$Please use your Futubull account to access the feature.$Sea (SE.US)$ Will release financial report in pre-market trading. $Occidental Petroleum (OXY.US)$Please use your Futubull account to access the feature.$MARA Holdings (MARA.US)$Please use your Futubull account to access the feature.$Spotify Technology (SPOT.US)$ Will release financial report after the market closes; as for Hong Kong stocks, $TME-SW (01698.HK)$ The financial report will be released on Tuesday.
In terms of financial events, in the evening, Federal Reserve Board of Directors Waller delivered a speech at a banking conference, and in 2024, FOMC voter and Richmond Fed Chair Barkin delivered a speech; the next morning, FOMC voter and Minneapolis Fed Chair Kashkari participated in a financial investment conference titled "New Challenges, New Opportunities" hosted by Yahoo in 2026.
In terms of new stocks, $GUOFUHEE (02582.HK)$ Application closed.
Wednesday, November 13
Keywords: USA CPI data, Tencent Holdings financial report
周三，经济数据方面，美国将公布季调后CPI月率、季调后核心CPI月率、未季调CPI年率、未季调核心CPI年率。
业绩方面，周三港股 $TENCENT (00700.HK)$Please use your Futubull account to access the feature.$BEIGENE (06160.HK)$ Will release financial report.
财经事件方面，凌晨，2026年FOMC票委、明尼阿波利斯联储主席卡什卡利参加雅虎题为“新挑战、新机遇”的金融投资会议；夜晚，2026年FOMC票委、达拉斯联储主席洛根在一场有关能源与经济的会议上做开场讲话。
新股方面，美股 $Peak Resources (PRB.US)$ will be listed.
Thursday, November 14th
Keywords: USA PPI data, initial jobless claims for the week; JD.com, Netease, Bilibili earnings reports
On Thursday, in terms of economic data, the USA will release PPI data annual rate, monthly rate, and simultaneously release the initial jobless claims for the week.
Performance-wise, Hong Kong stocks $JD-SW (09618.HK)$Please use your Futubull account to access the feature.$NTES-S (09999.HK)$ will release earnings, pre-market trading in the USA $Disney (DIS.US)$Please use your Futubull account to access the feature.$Bilibili (BILI.US)$ will announce earnings pre-market.
In financial events, in the early morning, 2025 FOMC voting member, Kansas Fed Chair Schmid, 2025 FOMC voting member, St. Louis Fed Chair Mussalem will deliver speeches; in the evening, the European Central Bank will release minutes from the October monetary policy meeting.
In terms of new stocks, in Hong Kong Stock Exchange $GUOFUHEE (02582.HK)$ Announcement of the allotment results, pre-market trading in the US $COR3 & Co (COC.US)$ will be listed.
Friday, November 15
Keywords: Chinese retail sales data, US October retail sales month-on-month, Alibaba's financial report
On Friday, in terms of economic data, China will announce year-on-year data for total retail sales of consumer goods and year-on-year data for industrial value added above a certain scale; the US will release October retail sales month-on-month, October industrial output month-on-month, and November New York Fed manufacturing index, etc.
Performance-wise, Hong Kong stocks $BABA-W (09988.HK)$Please use your Futubull account to access the feature.$LENOVO GROUP (00992.HK)$ Will release financial report.
In terms of financial events, Federal Reserve Chairman Powell has been invited to participate in a dialogue titled "Global Perspective."
In terms of new stocks, in Hong Kong Stock Exchange $GUOFUHEE (02582.HK)$ will be listed.
Wishing Mooers a successful week of investment!
Editor/Rocky
