Overview of Key Events This Week
US Treasury Secretary Bessent and several FOMC voting members are scheduled to deliver speeches.
US Treasury Secretary Bessent and Federal Reserve officials will make密集 speeches next week. On November 12, Williams, the permanent voting member of the FOMC and President of the New York Federal Reserve, will speak at 22:20; Hasson, the 2026 FOMC voting member and President of the Philadelphia Federal Reserve, will subsequently deliver a speech on fintech at 23:00; at 23:45, US Treasury Secretary Bessent will speak. On November 13 at 01:15, Bostic, the 2027 FOMC voting member and President of the Atlanta Federal Reserve, will deliver remarks.
On November 14, Musalem, the St. Louis Fed President and 2025 FOMC voting member; Hammack, the Cleveland Fed President and 2026 FOMC voting member; Bostic, the Atlanta Fed President and 2027 FOMC voting member; and Schmid, the Kansas City Fed President and 2025 FOMC voting member, are all scheduled to speak.
The Fed's decision to cut interest rates again in December remains uncertain. This week, some Fed officials appear undecided about whether to cut rates again next month, while others seem reluctant to continue supporting rate cuts. Meanwhile, Milan, recently appointed by Trump as a Fed governor, continues to urge accelerating the pace of rate cuts. The divergent messages they convey align with Fed Chair Powell’s description last week of “serious internal disagreements” within the central bank.
Government shutdown continues, leaving CPI and PPI data releases in suspense.
In a market filled with uncertainty due to the government shutdown, whether the scheduled release of the US October CPI and PPI data next week can proceed as planned has become a major question mark.
Approximately two-thirds of the CPI index price data require field collection by data collectors visiting physical stores. Due to staff leave, no field collection was conducted in October, meaning the monthly data release may either be completely canceled (the first time since the index was established) or most of the data will need to be estimated, impacting the quality of the report.
The market expects that the October CPI will increase by 0.2% month-over-month, while the year-over-year growth rate may slow to 2.9%. If market expectations materialize, it would indicate that inflationary pressures have not broadly accelerated, thereby giving the Federal Reserve a "green light" to cut interest rates again in December.
In addition, market liquidity will face a dual impact next week: the US Treasury plans to auction $125 billion in government bonds, alongside approximately $40 billion in corporate bond issuance. The current money market is already under liquidity strain due to the government shutdown and Treasury cash hoarding, and this wave of bond issuance could have effects comparable to multiple interest rate hikes.
AMD Annual Financial Analyst Day Event
On November 11,$Advanced Micro Devices (AMD.US)$will host its Annual Financial Analyst Day in New York, an event regarded by the market as a significant upcoming catalyst for the company's stock price. According to a report by Bank of America, AMD may focus on unveiling substantial positive developments during this event rather than disclosing them in recent earnings reports. The bank has raised its target price to $300 while emphasizing that AMD holds less than 30% of the market share in a related industry valued at hundreds of billions of dollars, indicating considerable growth potential.
Currently$Advanced Micro Devices (AMD.US)$AMD’s MI450 series has garnered support from giants like Oracle and Meta. Its data center GPU business is projected to generate $14 billion in revenue by 2026. This Analyst Day is expected to further disclose the technology roadmap and long-term development plans, providing critical insights for investors.
Investors should also pay attention to any potential risks that may be mentioned during the event. JPMorgan and other institutions have noted that AMD faces fierce competition from larger rivals such as NVIDIA and Broadcom, and the transition to rack-scale systems may exert short-term pressure on gross margins.
Further Reading:Next Week’s AMD Analyst Day: Market Focus on AI Demand Realization and Growth Inflection Point in H2 2026
China will release its industrial production and retail sales data for October.
On November 14, China will publish key economic data for October, including retail sales, industrial production, and housing prices across 70 cities. The State Council Information Office will also hold a press conference to discuss the performance of the national economy on the same day.
CICC expects that, driven by pro-growth policies, domestic demand-related output, demand, and prices may see short-term improvements in October. On the production side, manufacturing of raw materials has shown signs of recovery, boosting industrial production sentiment. On the demand side, trade-in policies have stimulated consumption in automobiles, home appliances, and kitchen/bathroom renovations, supporting retail sales growth. Infrastructure investment is expected to maintain a relatively high growth rate, while declines in commercial housing transaction areas have notably narrowed. Overall, against the backdrop of policy efforts stabilizing Q4 growth, economic activity is showing signs of short-term stabilization.
Tencent, JD.com, SMIC, Circle, CoreWeave, and others are set to announce their earnings results.
Next week,$Tencent (00700.HK)$、$JD.com (JD.US)$、$Bilibili (BILI.US)$、$SMIC (00981.HK)$will successively release their US stock or Hong Kong stock earnings reports; meanwhile, new AI computing power leaders$CoreWeave(CRWV.US)$and$NEBIUS(NBIS.US)$, stablecoin leader$Circle(CRCL.US)$, and quantum computing company$Quantum Computing(QUBT.US)$, as well as$思科(CSCO.US)$、$Occidental Petroleum (OXY.US)$、$Disney (DIS.US)$、$Quantum Computing(QUBT.US)$and other US companies are also set to release their earnings reports.
Market Expectations$Tencent (00700.HK)$Revenue in the third quarter grew by approximately 14% year-over-year, driven by dual growth engines from gaming and advertising businesses; the market forecasts$CoreWeave(CRWV.US)$that revenue will continue its explosive growth trajectory. However, concerns remain regarding its high valuation, elevated leverage, and client concentration risks associated with Microsoft.
Buffett to release Thanksgiving letter to shareholders tomorrow
$Berkshire Hathaway-A(BRK.A.US)$A statement released on Friday reads: "Since the Berkshire Hathaway annual meeting in May, Mr. Buffett has rarely made public comments. Tomorrow (November 10), Berkshire Hathaway will issue a press release containing Buffett’s statements on philanthropy, Berkshire Hathaway, and other matters that may be of interest to shareholders and related parties of Berkshire Hathaway."
The significance of this letter lies in the fact that Buffett has rarely appeared in public in recent years, and this may be his last shareholder letter as CEO of Berkshire Hathaway. A closer look at the Berkshire Hathaway announcement suggests that the mention of 'philanthropy' likely refers to his annual Thanksgiving donation to family foundations, while 'Berkshire Hathaway and other matters' may include a farewell message.
By the end of this winter, next year’s Berkshire Hathaway annual report shareholder letter will be penned by the new CEO, Abel, and Buffett will not attend next year’s annual meeting. Given that this contemporary 'Oracle of Omaha' seems intent on reducing his future public engagements, he may now be preparing to deliver his 'final lesson' to long-term investors who have followed him.
Key earnings calendar for the new week
Monday, November 10
Keywords: New round of domestic refined oil price adjustment window to open (pending), CoreWeave, Occidental Petroleum, Gemini, Rocket Lab earnings, Lecosu’s HKEX listing, WeShop Holdings' U.S. IPO.
On Monday, in terms of economic data, the Eurozone will release the Sentix Investor Confidence Index at 17:30.
In terms of financial events, at 07:50, the Bank of Japan will release the summary of opinions from the October monetary policy meeting; a new round of domestic refined oil price adjustment window will open, with timing yet to be determined.
In terms of earnings,$CoreWeave(CRWV.US)$、$Occidental Petroleum (OXY.US)$、$Gemini Space Station(GEMI.US)$、$Rocket Lab(RKLB.US)$Earnings will be announced after the US stock market closes; Hong Kong stocks$Nissin Foods (01475.HK)$will announce earnings on the same day.
In terms of new stocks, Hong Kong stocks$Lakeshore (02698.HK)$listed today, a social commerce platform$WeShop Holdings (NASDAQ Direct Listing)(WSHP.US)$is set to be listed in the United States.
November 11, Tuesday
Keywords: U.S. October NFIB Small Business Optimism Index, Oklo, Sea, Hesai, NEBIUS results, new stock Off The Hook YS subscription ends.
On Tuesday, economic data will include the release of the U.S. October NFIB Small Business Optimism Index at 19:00.
In terms of performance, the Hong Kong stock market$Sun Art Retail Group Limited (06808.HK)$will announce its earnings today;$Oklo Inc (OKLO.US)$is scheduled to release its earnings after the US stock market closes;$NEBIUS(NBIS.US)$、$Sea(SE.US)$、$禾赛(HSAI.US)$is set to announce its earnings before the US stock market opens.
In terms of new stock offerings, the yacht and vessel company$Off The Hook YS(OTH.US)$has concluded its subscription in the United States.
Wednesday, November 12
Keywords: Williams to deliver a speech, Paulson to speak on fintech, US Treasury Secretary Bessent to deliver remarks, OPEC to release monthly oil market report (time TBD), Tencent Music, Circle, Cisco earnings, new stock offering of Zhongwei New Materials concluded, new stock offering of Baili Tianheng concluded
On Wednesday, regarding economic events, at 22:20, FOMC permanent voter and New York Fed President Williams will deliver a speech; at 23:00, 2026 FOMC voter and Philadelphia Fed President Paulson will speak on fintech; at 23:45, US Treasury Secretary Bessent will deliver remarks. OPEC will release its monthly oil market report on the same day (the specific release time of the report is yet to be determined, typically released between 18:00-21:00 Beijing time).
In terms of performance, the Hong Kong stock market$Yue Yuen Industrial (Holdings) Ltd. (00551.HK)$、$SJM Holdings (00880.HK)$will announce its earnings today;$Tencent Music(TME.US)$、$Circle(CRCL.US)$、$GlobalFoundries(GFS.US)$will announce its earnings before the U.S. stock market opens.$思科(CSCO.US)$Will announce earnings after the U.S. stock market closes.
In terms of new stocks, the U.S. stock$Off The Hook YS(OTH.US)$、$Public Policy Holding Co. (NASDAQ Uplisting)(PPHC.US)$is listed today,$Zhongwei New Materials (02579.HK)$、$百利天恒(02615.HK)$The subscription period has ended.
Thursday, November 13
Keywords: U.S. October Unadjusted CPI Year-over-Year (TBD), U.S. October Seasonally Adjusted CPI Month-over-Month (TBD), U.S. Initial Jobless Claims for the Week Ending November 8 (TBD), Bostic’s speech, Tencent, SMIC, JD.com earnings, Firefly Automatix U.S. IPO.
On Thursday, in terms of economic data, at 02:00, the awarded interest rate and bid-to-cover ratio for the U.S. 10-year Treasury note auction ending November 12 will be released; U.S. API crude oil inventory (in million barrels) for the week ending November 7 will be announced at 05:30; U.S. initial jobless claims for the week ending November 8, U.S. October unadjusted CPI year-over-year, U.S. October unadjusted core CPI year-over-year, U.S. October seasonally adjusted CPI month-over-month, and U.S. October seasonally adjusted core CPI month-over-month will be released on the same day, with the timing yet to be determined.
In terms of financial events, at 01:00, the U.S. EIA will release its Short-Term Energy Outlook Report; at 01:15, Raphael Bostic, a 2027 FOMC voter and President of the Federal Reserve Bank of Atlanta, will deliver a speech.
In terms of performance, the Hong Kong stock market$Tencent (00700.HK)$、$SMIC (00981.HK)$Will announce earnings today; $JD.com (JD.US)$、$Disney (DIS.US)$、$Bilibili (BILI.US)$will release their earnings reports before the US stock market opens.$Figure Technology Solutions (FIGR.US)$Will announce earnings after the U.S. stock market closes.
In terms of new stocks, a manufacturer of automated lawn care equipment and robotic lawnmowers$Firefly Automatix(FFLY.US)$is set to be listed in the United States.
Friday, November 14
Key terms: U.S. EIA crude oil inventories for the week ending November 7, U.S. retail sales month-over-month rate for October (pending), National Bureau of Statistics' monthly report on residential sales prices in 70 large and medium-sized cities, QUBT earnings, lottery results announcement for new shares Zhongwei New Materials and Baili Tianheng.
On Friday, in terms of economic data, the EIA crude oil inventory for the week ending November 7 in the United States and the EIA strategic petroleum reserve inventory for the same period will be released at 01:00. At 10:00, China will announce the year-on-year growth of total retail sales of consumer goods and the year-on-year growth of industrial added value for enterprises above designated size in October. At 23:30, the EIA natural gas inventory for the week ending November 7 in the United States will be published. The U.S. retail sales month-on-month rate for October, the U.S. PPI month-on-month rate for October, the U.S. PPI year-on-year rate for October, and the U.S. business inventories month-on-month rate for September are also scheduled for release on the same day, with the exact timing yet to be determined.
Regarding financial events, Musalem, a voting member of the 2025 FOMC and President of the St. Louis Fed, will deliver a speech on monetary policy at 01:15; at 01:20, Mester, a voting member of the 2026 FOMC and President of the Cleveland Fed, will participate in a fireside chat; at 09:30, China's National Bureau of Statistics will release the monthly report on residential sales prices in 70 large and medium-sized cities; at 10:00, the State Council Information Office will hold a press conference on the performance of the national economy; at 22:20, Bostic, a voting member of the 2027 FOMC and President of the Atlanta Fed, will deliver a speech; at 23:05, Schnider, a voting member of the 2025 FOMC and President of the Kansas City Fed, will speak on economic outlook and monetary policy.
In terms of earnings,$American Bitcoin (ABTC.US)$will release earnings before the U.S. stock market opens,$Quantum Computing(QUBT.US)$Will release earnings after the US stock market closes; US stocks$Mitsubishi UFJ Financial Group (MUFG.US)$Will release earnings today; Hong Kong stocks$Man Wah Holdings (01999.HK)$Will announce earnings today.
In terms of new stocks,$Zhongwei New Materials (02579.HK)$、$百利天恒(02615.HK)$Announce the lottery results.
Stay ahead with the latest financial updates and discover investment opportunities early! Open Futubull > Market > US Stocks >Economic Calendar/Selected macroeconomic data, seize the investment opportunity!
In the new week, I wish fellow investors successful investments!
Editor/melody
