This week's important schedule overview

• Nvidia's results are coming in strong, which may guide the usa stock market towards its next direction.

After the rally driven by the usa election has stalled, us investors are turning their attention to technology stocks and ai trades. Nvidia will announce its third-quarter financial report for the fiscal year 2025 after the market close on November 20 Eastern Time, and this will be its first earnings report since being included in the Dow.

Looking ahead to the third-quarter results, the market generally expects nvidia to achieve revenue of 33.028 billion USD, a year-on-year increase of 82.27%; eps is expected to be 0.7 USD, a year-on-year increase of 88.11%. This also means the company will achieve record revenue and profit for the sixth consecutive quarter.

Overall, Wall Street's target price for Nvidia currently ranges from 160 to 200 dollars, and Nvidia remains a key leader in the ai-driven semiconductors market. However, analysts warn that investors should also closely monitor its high pe and broader market volatility.

Additionally, apart from Nvidia, other china concept network technology stocks like Xiaomi, pdd holdings, xiaopeng motors, and Kuaishou will also successively release their earnings reports.

• A series of data from the USA is set to be released, focusing on speeches from Federal Reserve officials.

Next week's economic calendar is again expected to be light, with the USA set to release a series of real estate data; other highlights include Thursday's Philadelphia Federal Reserve manufacturing index. Market participants are watching whether economic activity in the Philadelphia area is experiencing a sharp increase like nearby New York State. S&P Global's purchasing managers' index (PMI) survey and the University of Michigan consumer survey are also worth noting. If the data once again confirms the resilience of the US economy, gold prices may remain subdued against the backdrop of further cooling expectations for Federal Reserve rate cuts.

Additionally, some Federal Reserve officials may continue to dampen market enthusiasm. If more Federal Reserve policymakers emphasize the need to slow down the pace of rate cuts, the dollar may continue to be supported.

• Trump 2.0 continues to disrupt the market, with ongoing focus on Trump's transition plan.

The aftershocks of the 'Trump trade' will continue to reverberate in global markets, as investors keep an eye on Trump's transition plan, including his choices for key cabinet positions.

Investors will continue to monitor Trump's transition plan, including his selections for key cabinet positions, as some of his initial appointees have already led to weakness in sectors such as pharmaceuticals and defense.

Wall Street analysts believe that investor caution is prudent due to uncertainties in the market outlook following the election. As the initial excitement from Trump's pro-business agenda begins to fade, investors are gradually realizing the costs of his fiscal plan and the risks of potentially reigniting inflation.

In the era of Trump 2.0, the constant influx of political news has made the market more fragile. For example, after Trump nominated vaccine skeptic Robert F. Kennedy as health secretary, shares of large pharmaceutical companies fell accordingly. Given that US stocks are still at historic highs, it is unwise to rush to buy on the dips.

• The LPR for china in November is about to be announced.

On Wednesday, the People's Bank of china will announce the one-year and five-year loan market quotation rates (LPR) for china in November.

On the 21st of last month, the People's Bank of china authorized the National Interbank Funding Center to announce that the one-year and five-year LPR rates were both lowered by 25 basis points, with the one-year LPR at 3.10% and the five-year and above LPR at 3.60%. This single decrease is the largest since the LPR reform in 2019 and exceeds market expectations, demonstrating the strength and determination of monetary policy to support the economy.

Zhou Maohua, a macro researcher at the financial markets department of china everbright bank, believes that, given the current domestic price environment, there is still ample room for conventional policy tools. Considering that before the end of the year, pushing financial institutions to increase support for the real economy, implementing incremental fiscal policies, and seasonal disturbances may lead to certain fluctuations in the funding environment. To achieve cross-cycle adjustments, it's not ruled out that the central bank may again reduce the deposit reserve ratio. Additionally, there is still room for interest rate tools, which need to take into account the recovery of the real economy and prices, while also balancing domestic and external factors.

• Will the governor of the bank of japan signal an interest rate hike in December?

On Monday the 18th, the governor of the bank of japan, Ueda Kazuo, will hold a press conference. The market is closely monitoring his remarks for clues about further interest rate hikes by the bank of japan. This is the first time Ueda Kazuo has directly discussed monetary policy since Trump's victory in the U.S. presidential election.

Currently, there is still a divergence in the market on whether the Bank of Japan will raise interest rates next month or in January next year.

Some analysts believe that given that the unexpected rate hike in July triggered a market turmoil in August, Kuroda's speech this time may adopt a more cautious tone. If the Bank of Japan hopes to prepare for the policy meeting on December 18-19, Kuroda may release some hawkish signals.

According to a recent survey by Reuters, most economists do not expect the Bank of Japan to raise rates again this year, but nearly 90% of economists expect interest rates to rise by the end of March next year.

This week's key performance calendar

November 18, Monday

Keywords: USA November NAHB property market index, Japan's central bank governor Ueda Kazuo delivers a speech, Federal Reserve officials speak, Xiaomi's performance

On Monday, in terms of economic data, the USA's November NAHB property market index will be released.

In terms of financial events, Japan's central bank governor Ueda Kazuo will deliver a speech.

This will be the first opportunity for Ueda Kazuo to directly speak on monetary policy since November 5, when Trump won the usa presidential election, and the third quarter GDP data from japan showed that consumer spending unexpectedly remained resilient. The market will pay close attention, seeking clues about the possibility of the japan central bank raising interest rates next month.

In addition, Chicago Fed Chairman Goolsbee delivered a welcoming speech at the Financial Markets Group fall meeting.

In terms of performance, Hong Kong stocks $XIAOMI-W (01810.HK)$ 、 $TUYA-W (02391.HK)$ will announce its latest financial report; pre-market trading. $EHang (EH.US)$ The results will be announced in pre-market trading. $Trip.com (TCOM.US)$ The performance will be announced after trading.

November 19, Tuesday.

Keywords: USA October new housing starts annualized, USA October building permits total, Walmart/Futu/Xiaopeng Autos performance.

On Tuesday, regarding economic data, the USA will announce the annualized total of new housing starts for October and the total of building permits for October.

In terms of performance, $Walmart (WMT.US)$ 、 $XPeng (XPEV.US)$ 、 $Futu Holdings Ltd (FUTU.US)$ Results will be released successively during pre-market trading.

November 20, Wednesday

Keywords: USA API crude oil inventory for the week ending November 15, the quote rate for one-year loans in china as of November 20, results from nvidia, kuaishou, and neo.

On Wednesday, in terms of economic data, the people's bank of china will announce the one-year and five-year loan market quote rates (LPR) for november in china;

The USA will announce the API crude oil inventory for the week ending November 15, the EIA crude oil inventory for the week ending November 11, the EIA crude oil inventory at Cushing, Oklahoma for the week ending November 11, and the EIA strategic petroleum reserve inventory for the week ending November 11.

In terms of performance, Hong Kong stocks $KUAISHOU-W (01024.HK)$ Will release its financial report, U.S. stock market. $NIO Inc (NIO.US)$ Will announce performance before pre-market trading, while $NVIDIA (NVDA.US)$ 、 $Snowflake (SNOW.US)$ The results will be announced after the market closes.

In terms of new stocks, $Fitness Champs Holdings Ltd. (FCHL.US)$ Will be listed.

November 21, Thursday

Keywords: Initial jobless claims in the USA for the week ending November 16, Philadelphia Fed manufacturing index for November, annualized existing home sales total in the USA for October, monthly leading economic index in the USA for October, PDD Holdings performance.

On Thursday, in terms of economic data, a series of numbers will be released, including initial jobless claims in the USA for the week ending November 16, the Philadelphia Fed manufacturing index for November, the annualized existing home sales total in the USA for October, the monthly leading economic index in the USA for October, and EIA natural gas inventories for the week ending November 11.

In terms of financial events, 2024 FOMC voting member, Cleveland Federal Reserve President Harker delivered a welcome address at the 2024 Financial Stability Conference.

Regarding performance, $PDD Holdings (PDD.US)$ 、 $KE Holdings (BEKE.US)$ 、 $iQIYI (IQ.US)$ will announce their performance during pre-market trading.

In terms of new stocks, $Leishen Energy Holding Co., Ltd. (LSE.US)$ 、 $Pony AI (PONY.US)$ Will be listed.

November 22, Friday

Keywords: Japan's October core CPI year-on-year, USA's November s&p global manufacturing PMI final value, one-year inflation expectation preliminary value, November University of Michigan consumer confidence index preliminary value.

On Friday, in terms of economic data, Japan will release the October core CPI year-on-year, while the USA will encounter a series of data, including the USA's November s&p global manufacturing PMI final value, the USA's November one-year inflation expectation preliminary value, and the USA's November University of Michigan consumer confidence index preliminary value.

In terms of financial events, 2025 FOMC voting member and Chicago Fed President Goolsbee will participate in a Q&A session at a conference; 2024 FOMC voting member and Cleveland Fed President Mester will speak at the 2024 Financial Stability Conference.

In terms of new stocks, $Park Ha Biological Technology (PHH.US)$ 、 $BrilliA Inc. (BRIA.US)$ 、 $YSX Tech Co., Ltd. (YSXT.US)$ Will be listed on the usa stock market.

Wishing Mooers a successful week of investment!

Editor/Somer