This week's key agenda overview

• The inflation indicator most closely watched by the Federal Reserve has been announced! It will further impact future interest rate cut expectations.

Influenced by the Federal Reserve's "dovish" interest rate meeting and changes in Trump's tariff policy, the three major U.S. stock indices collectively recorded gains this week. Looking ahead to next week, the inflation indicator most favored by the Federal Reserve—the U.S. February core PCE data—is about to be released.

The key factor determining the timing of the Federal Reserve's next interest rate cut is still inflation, especially considering the potential impact of Trump's policies, so the upcoming release of the February PCE (Personal Consumption Expenditures inflation data) will be highly anticipated by the market.

Currently, the market expects the U.S. February PCE year-on-year growth rate to remain at 2.5%, while the core PCE is expected to rebound from 2.6% to 2.7%. Economists estimate that the overall PCE in February will grow by 0.3% month-on-month and 2.5% year-on-year, remaining flat with the previous month. Meanwhile, the core PCE, excluding food and energy prices, is expected to rise 0.3% month-on-month and increase 2.7% year-on-year, compared to 0.3% and 2.6% in January.

Analysts point out that if the U.S. February core PCE data released next Friday exceeds market expectations, it may dampen market expectations for interest rate cuts by the Federal Reserve.

According to CME data, the market generally believes that the Federal Reserve may restart interest rate cuts in the near future, with expectations for a reduction of about 50 to 75 basis points this year. After the PCE report, the University of Michigan will also release the final report of the March Consumer Confidence Index, which includes consumer expectations for inflation over one year and five to ten years.

• Bank of America: Signals of a bottom in U.S. stocks have not yet fully emerged; Goldman Sachs: There is uncertainty in the last two weeks, and the "tariff deadline" has begun to affect global data.

This week, the stock market rebounded from an oversold state due to the unexpectedly dovish signals released by the Federal Reserve in its latest meeting, as well as some stronger-than-expected economic data. These factors encouraged investors who were concerned about Trump's tariff policies. However, until the tariff issues are clarified, it will not be known if any rebound in the stock market next week can be sustained, as investors will have to wait until April 2 to find out.

Michael Hartnett, Chief Strategist at Bank of America, stated that not all bottom signals have been fully manifested yet. Hartnett warned that "huge" capital is continuously flowing into the global stock market, and investors are ignoring the risks that a full-blown trade war could pose to the stock market. He noted that while the biggest catalysts for asset prices in the first quarter are AI and Digital Currency, rather than tariff threats, the upcoming "tariff deadline" on April 2 has begun to affect global data.

Ben Snider, a senior portfolio strategist at Goldman Sachs, stated in an interview: "There is uncertainty in the period from now until two weeks later, which makes it difficult for the market to rebound significantly in such a short time. The good news is that I believe the market has already priced in a significant tariff increase on April 2 or shortly thereafter. Therefore, there are bidirectional risks at the time of the official announcement."

• Is Apple's AI coming to the China market? Apple held a developer event in Shanghai on March 25.

The schedule on Apple's developer website shows that Apple will hold a developer event titled "Deep Dive into Apple Intelligence and Machine Learning" on March 25 in Shanghai.

In this online seminar, developers will explore the latest developments in Apple Intelligence and Machine Learning together, learn how to use Siri and App Intents to optimize user interaction with apps, gain in-depth understanding of advanced workflows for building intelligent features using machine learning-based APIs, and have the opportunity to participate in a live Q&A session with Apple experts.

This event not only attracted the attention of many developers but also sparked speculation in the industry about the imminent launch of Apple's Intelligent (Apple Intelligence) features for the Chinese market.

It is understood that Apple has previously revealed that the Apple Intelligence feature will launch new languages including Chinese in April this year, further confirming clues about the upcoming release of the China version of Apple Intelligence. As Apple continues to advance the development and application of AI technology globally, the China version of the Apple Intelligence feature is undoubtedly set to become a focal point for domestic users.

• Focus on the Boao Forum for Asia and the 2025 Beijing Centergate Technologies Forum Annual Meeting.

The Boao Forum for Asia Annual Conference 2025 will be held from March 25 to 28, 2025, in Boao, Hainan, China.

The theme of the event is: "Creating the Asian Future Together in a Changing World." The annual meeting will set topics around four main directions: first, grasping the trend, rebuilding trust in the context of global changes, and promoting cooperation; second, fostering growth, promoting the rebalancing of globalization, and achieving inclusive development; third, shaping the future, accelerating the implementation of sustainable development goals, and better addressing global challenges; fourth, uncovering momentum, strengthening the application and governance of AI, and promoting innovative development.

The 2025 Beijing Centergate Technologies Forum Annual Meeting will be held in Beijing from March 27 to 31.

The Beijing Centergate Technologies Forum Annual Meeting is jointly hosted by the Ministry of Science and Technology, the National Development and Reform Commission, the State-owned Assets Supervision and Administration Commission of State Council, the Chinese Academy of Sciences, the Chinese Academy of Engineering, the China Association for Science and Technology, and the Beijing municipal government. The forum features five major sectors, including forum meetings, technology trade, achievements release, cutting-edge competitions, and supporting activities, with 128 events involving over 100 countries and regions. The opening ceremony will announce significant achievements of the Beijing Centergate Technologies Forum and the first release of "Top Ten Advances in Chinese Science."

• The second week of the Hong Kong stock market performance release period has arrived! Companies include BYD Company, POP MART, and MIXUE Group.

Many Hong Kong stock companies continue to release earnings reports intensively, with a focus on the following items. $BYD Company Limited (01211.HK)$ 、 $KUAISHOU-W(01024.HK)$ 、 $CHINA RES LAND (01109.HK)$ Many "new Consumer" Concept stocks will release their Earnings Reports, such as $POP MART (09992.HK)$ 、 $MIXUE GROUP (02097.HK)$ 、 $ Mao Geping (01318.HK)$ Major state-owned banks will also see performance results, for example. $China Construction Bank Corporation (00939.HK)$ 、 $Bank Of China (03988.HK)$ 、 $Industrial And Commercial Bank Of China(01398.HK)$ 。

In the USA stock market, space concept stocks. $Intuitive Machines(LUNR.US)$ On Monday before the market opens, Earnings Reports will be released. Earlier this month, the company's lander "Athena" landed on the moon sideways; with technology giants Amazon, Google, and Meta driving nuclear energy capacity to triple, next week's Nuclear Power stocks. $Oklo Inc(OKLO.US)$ performance will also be worth noting.

This week’s key performance calendar.

March 24, Monday.

Keywords: USA March S&P Global Manufacturing and Services PMI, BYD Company's performance.

On Monday, regarding economic data, the USA will release the preliminary values for March S&P Global Manufacturing and Services PMI.

In terms of earnings reports, the Hong Kong stock market. $BYD Company Limited (01211.HK)$ 、 $CONCH CEMENT (00914.HK)$ 、 $SUNNY OPTICAL(02382.HK)$ Earnings Reports will be released; US stocks $Intuitive Machines(LUNR.US)$ will announce results in Pre-Market Trading. $KB Home (KBH.US)$ 、 $Oklo Inc(OKLO.US)$ Will release performance results after the market closes.

March 25, Tuesday

Keywords: USA Conference Board Consumer Confidence Index, Apple AI event in Shanghai, KUAISHOU-W, WUXI BIO, GameStop financial reports, Hong Kong Stock Nanshan Aluminium International listing.

On Tuesday, regarding economic data, the USA will release a series of real estate data, including the S&P/CS20 city unadjusted home price index year-on-year, FHFA home price index month-on-month, and the total annualized sales of new homes. Additionally, the USA will also announce the Conference Board Consumer Confidence Index and the Richmond Fed Manufacturing Index. For China's economic data, attention can be drawn to the People's Bank of China announcing the latest MLF operations. In February, the central bank conducted a 300 billion yuan MLF operation, maintaining the same interest rate, with a net withdrawal of 200 billion yuan, marking the seventh consecutive month of a reduced MLF operation.

In terms of financial events, FOMC permanent voter and New York Fed President Williams will deliver the opening speech at an event. $Apple (AAPL.US)$ An "In-Depth Exploration of Apple Smart and Machine Learning" developer event will be held in Shanghai, and the Boao Forum for Asia Annual Conference 2025 will take place from March 25 to 28 in Hainan Boao.

In terms of earnings reports, the Hong Kong stock market. $KUAISHOU-W(01024.HK)$ 、 $CHINA RES LAND (01109.HK)$ 、 $WUXI BIO (02269.HK)$ 、 $HAIDILAO(06862.HK)$ Performance will be announced; US stocks. McCormick & Co (MKC.US) 、 $Core & Main(CNM.US)$ Earnings Reports will be released soon, among which $GameStop(GME.US)$ performance will be announced after the market closes.

Regarding new stocks, the Hong Kong stock market $Shandong Nanshan Aluminium International(02610.HK)$ is listed today.

March 26, Wednesday

Keywords: POP MART, MiXue Group performance.

On Wednesday, in terms of economic data, investors should pay attention to the USA EIA crude oil inventory for the week ending March 21.

In terms of earnings reports, the Hong Kong stock market. $POP MART (09992.HK)$ 、 $MIXUE GROUP (02097.HK)$ 、 $SenseTime-W (00020.HK)$ Performance will be announced; USA stocks. $Cintas (CTAS.US)$ Will announce performance, among which Dollar Tree Inc. (DLTR.US) 、 $Chewy(CHWY.US)$ Will release its earnings reports before Pre-Market Trading.

March 27, Thursday.

Keywords: USA initial jobless claims, USA GDP annualized quarterly final value, St. Louis Fed President Musalem's speech, Hong Kong stock market Mao Ge Ping performance.

On Thursday, economic data will reveal the USA's initial jobless claims for the week, actual GDP annualized quarterly final rate, and more.

In terms of financial events, FOMC voting member and St. Louis Fed President Musalem will give a speech; European Central Bank Executive Board Member Chipollone will participate in the 11th Cryptocurrency Assets Conference panel discussion; from March 27 to 28, 2025, the China Real Estate Association will hold the 2025 Real Estate Market Situation Report Meeting and the National Grade One Real Estate Development Enterprises Symposium; the 2025 Beijing Centergate Technologies Forum Annual Conference will be held from March 27 to 31 in Beijing.

In terms of earnings reports, the Hong Kong stock market. $CNOOC(00883.HK)$ 、 $China Merchants(06099.HK)$ 、 $ Mao Geping (01318.HK)$ 、 $LI NING (02331.HK)$ Earnings will be announced; in addition, Pre-Market Trading in the USA.$TD Synnex (SNX.US)$will release earnings before the market opens. $Lululemon Athletica(LULU.US)$、 $KULR Technology (KULR.US)$ performance will be announced after the market closes.

Regarding new stocks, $Shubao International (02569.HK)$ Listed on the Hong Kong Stock Exchange.

March 28, Friday

Keywords: USA Core PCE Price Index, one-year inflation expectation final value, Midea Group Co., Ltd, China Construction Bank Corporation earnings.

On Friday, in terms of economic data, investors can focus on USA related inflation data, including the core PCE price index and one-year inflation expectation final value. In addition, the University of Michigan Consumer Confidence Index and USA personal spending month-on-month rate will also be announced.

In terms of financial events, Japan will announce a summary of the opinions from the March monetary policy meeting of the central bank, with the 2027 FOMC voting member and Richmond Fed President Barkin delivering a speech. In the early hours of the next day, the 2027 FOMC voting member and Atlanta Fed President Bostic will also give a speech.

In terms of earnings reports, the Hong Kong stock market. $China Construction Bank Corporation (00939.HK)$ 、 $Midea Group Co., Ltd(00300.HK)$ 、 $China Galaxy (06881.HK)$ 、 $SUNAC (01918.HK)$ Waiting for the performance announcement. The USA stock market $SBC Medical Group(SBC.US)$ 、 $So-young International (SY.US)$ will announce its performance before the market opens.

Get a sneak peek at important financial events and discover investment opportunities early! Open Futubull > Market > US Stocks >Financial Calendar/Selected macro data., seizing investment opportunities!

In the new week, wishing mooers smooth investments!

Editor/Rocky