Look ahead to the next week | US CPI, PPI data are coming! Powell and a group of Fed officials will speak intensively.
The Chinese concept stocks financial report season kicks off! Tencent, Alibaba performance will soon be revealed; China's October social retail, social financing and other financial data will be released this week, the State Council Information Office will hold a press conference on the national economic running situation.
A Look at this Week's Major Schedule
Several Federal Reserve officials will speak intensively! Federal Reserve Chairman Powell will deliver a speech on Friday.
On November 7th, Eastern Time, the Federal Reserve FOMC reduced interest rates by 25 basis points as expected. Powell stated in a post-meeting press conference that the fight against inflation is not over, core inflation remains relatively high, the labor market continues to cool very slowly, the Fed will continue to cut interest rates, but if inflation cools and the economy remains strong, the rate cut can be slower.
In addition, Powell emphasized that he will not resign because of Trump, the president does not have the legal authority to fire 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 staunch Republican may implement.
On Friday, November 15th, Federal Reserve Chairman Powell was invited to participate in a dialogue session entitled 'Global Perspective.' Investors need to closely monitor his views on future U.S. inflation trends, economic trends, and the Fed's subsequent interest rate path.
In addition, several Federal Reserve officials will also deliver speeches this week:
At 23:00 on Tuesday, 2024, FOMC voting member and President of the Richmond Federal Reserve, Balkin gave a speech, and Fed Governor Wall made a speech at a banking conference.
On Wednesday at 03:00, in 2026, FOMC voter and Philadelphia Fed President Haque gave a speech on cni xiangmi lake fintech index and ai; at 06:30, in 2024, FOMC voter and Richmond Fed President Balkin gave a speech;
On Thursday at 01:30, in 2025, FOMC voter and St. Louis Fed President Musaleem gave a speech; at 02:30, in 2025, FOMC voter and Kansas City Fed President Schmid gave a speech;
On Friday at 05:15, FOMC permanent voter and New York Fed President Williams gave a speech.
The first data after the November interest rate meeting, the United States will release October CPI and PPI.
The data released last month showed that the U.S. CPI rose by 2.4% year-on-year in September, slowing from the previous 2.5%, but higher than the expected 2.3%; the core CPI in September (excluding volatile food and energy costs) rose by 3.3% year-on-year, slightly exceeding the expected and previous value of 3.2%. U.S. PPI was flat in September, below the expected 0.1%, and the previous value of 0.2%.
As the job market cools down and monetary policy tightens excessively, 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 inflation caused by trade tariffs, the Fed may choose to 'stand pat' starting in January next year.
Analysts believe that if the US October CPI data falls below expectations, US bond yields and the dollar may come under pressure. And if the CPI data continues to exceed expectations, the dollar's upward trend may continue.
Chinese concept stocks bombarded with financial reports! Reports from Tencent, jd.com, Netease, Alibaba, and Bilibili are coming in succession.
Wednesday, November 13th, $TENCENT (00700.HK)$ will release its 2024 third-quarter report after the Hong Kong stock market.Market expectations are generally that Tencent is expected to achieve a revenue of 167.746 billion yuan in Q3, an 8.49% year-on-year increase; EPS is expected to be 4.76 yuan, a 26.78% year-on-year increase. It is worth noting that there is some expectation for Tencent in the current market. As of November 7th, northbound capital has been net buying Tencent for a consecutive 10 days, totaling approximately 3.977 billion Hong Kong dollars.
Following Thursday, November 14th, $JD-SW (09618.HK)$ 、 $NTES-S (09999.HK)$ 、 $Bilibili (BILI.US)$ Will release financial report.
On Friday, November 15th pre-market trading in the USA, $Alibaba (BABA.US)$ they will also announce results. Market expectations currently indicate that alibaba achieved a Q3 revenue of 240.037 billion yuan, a 6.78% increase from the same period last year; each ADS earned 11.07 yuan, a 2.76% year-on-year increase.
China will release economic data such as retail sales and social financing for October, and the State Council Information Office will hold a press conference on the national economic situation.
The data released last month shows that China's real estate development investment for January to September decreased by 10.1%, and the sales area of new commercial buildings dropped by 17.1% year-on-year; boosted by the improvement in sales of automobiles, household appliances, and other goods, China's social retail sales growth rebounded in September.
On Friday, November 15th, the National Bureau of Statistics will release the monthly report on housing sales prices for 70 large and medium-sized cities, and on the same day, the State Council Information Office will hold a press conference on the national economic situation. 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, China's economic recovery momentum has increased, and the effectiveness of incremental policies has become evident. Firstly, the funding for infrastructure and real estate investment has improved for four consecutive weeks, accelerating the physical workload and aiding in the recovery of raw material production. Secondly, policies promoting consumption such as trade-ins and reductions in mortgage rates have helped boost residents' purchases of goods, providing support for the production of textiles, household appliances, and other consumer goods.
Thirdly, the effects of the new real estate policies have been concentrated, leading to a significant narrowing of the year-on-year decline in sales area of new homes, while the year-on-year sales area of second-hand homes has turned positive from negative. At the same time, the recovery momentum of exports has increased, driven by the 'export rush' effect, resulting in a relatively quick recovery in China's port goods and container volumes on a year-on-year basis.
The Bank of Japan will disclose the summary of opinions from the Monetary Policy Meeting for October.
Regarding the yen, since mid-September, the yen's decline has intensified, and after the U.S. election, the USD/JPY soared to a three-month high of 154.71.The main reason for the reversal of the yen's rising trend is that the timing of the next interest rate hike by the Bank of Japan remains unclear.
Investors currently expect a 40% chance of the Bank of Japan raising interest rates by 25 basis points in December. However,The central bank may wait until after the end of next spring's annual wage negotiations to make a decision.
To boost the yen by raising expectations of an early rate hike by the Bank of Japan, significant improvements in growth and inflation data are needed. Therefore, if Japan's third-quarter GDP data is better than expected, this may slightly boost the yen.
This week's key performance calendar
November 11, Monday
Keywords: China's total electricity consumption, Bank of Japan's monetary policy views summary for October, Japan's trade account.
On Monday, in terms of economic data, China will release the total electricity consumption, while Japan will announce its trade account.
On the financial and economic events side, Bank of Japan releases the summary of opinions from the October monetary policy meeting.
In terms of performance,In the Hong Kong stock market, $LEAPMOTOR (09863.HK)$ 、 $YUE YUEN IND (00551.HK)$ will announce performance results; in the US stock market, $Sabesp (SBS.US)$ 、 $Grab Holdings (GRAB.US)$ will also release rankings.
Tuesday, November 12th
Keywords: Occidental Petroleum, Home Depot, Sea, etc. released financial reports, Fed Director Waller delivered a speech.
On Tuesday, in terms of economic data, the USA will release the NFIB Small Business Confidence Index.The UK will release the unemployment rate, number of unemployment benefit claimants, Germany will release the final value of CPI monthly rate, ZEW Economic Sentiment Index.
In terms of performance, U.S. stocks $Home Depot (HD.US)$ 、 $Shopify (SHOP.US)$ 、 $Sea (SE.US)$ Will release earnings pre-market trading, $Occidental Petroleum (OXY.US)$ 、 $MARA Holdings (MARA.US)$ 、 $Spotify Technology (SPOT.US)$ Will release earnings post-market trading; in Hong Kong stocks, $TME-SW (01698.HK)$ Will release earnings on Tuesday.
On the financial and economic events side, At night, Federal Reserve Board Member Waller spoke at the banking industry conference, 2024 FOMC voter and Richmond Fed President Barkin delivered a speech; early the next morning, 2026 FOMC voter and Minneapolis Fed President Kashkari attended Yahoo's financial investment conference titled "New Challenges, New Opportunities".
Wednesday, November 13
Keywords: US CPI data, Tencent Holdings financial report
On Wednesday, in terms of economic data, the US will release seasonally adjusted CPI monthly rate, seasonally adjusted core CPI monthly rate, non-seasonally adjusted CPI annual rate, and non-seasonally adjusted core CPI annual rate.
In terms of performance, Hong Kong stocks on Wednesday $TENCENT (00700.HK)$ 、 $BEONE MEDICINES (06160.HK)$will release financial reports.
On the financial and economic events side, In the early morning, 2026 FOMC voter and Minneapolis Fed President Kashkari participated in a Yahoo finance investment conference titled "New Challenges, New Opportunities"; in the evening, 2026 FOMC voter and Dallas Fed President Logan delivered the opening speech at a conference on energy and the economy.
Thursday, November 14th
Keywords: US PPI data, initial jobless claims for the week; JD.com, Netease, Bilibili financial reports
On Thursday, in terms of economic data, the US will release PPI data on an annual and monthly basis, and at the same time announce the number of initial jobless claims for the week.
In terms of performance, Hong Kong stocks $JD-SW (09618.HK)$ 、 $NTES-S (09999.HK)$ Will release performance, pre-market trading on the US stock market. $Disney (DIS.US)$ 、 $Bilibili (BILI.US)$ Will be announced before the market opens.
On the financial and economic events side, In the early hours, 2025 FOMC voters, Kansas Fed President Schmidt, 2025 FOMC voters, St. Louis Fed President Mussalem will give speeches; in the evening, the European Central Bank will publish the minutes of the October monetary policy meeting.
Regarding new stocks,Hong Kong stocks $GUOFUHEE (02582.HK)$ Announce the allocation results, usa $COR3 & Co (COC.US)$ Listed on the stock.
Friday, November 15th
Keywords: China's social retail data, US October retail sales rate, Alibaba financial report
On Friday, in terms of economic data,China will release year-on-year data on total retail sales of consumer goods, year-on-year data on industrial value added by large-scale enterprises; the USA will release October retail sales rate, October industrial output rate, November New York Fed manufacturing index, etc.
In terms of performance, Hong Kong stocks $BABA-W (09988.HK)$ 、 $LENOVO GROUP (00992.HK)$ Will release financial report.
In terms of financial events, Fed Chairman Powell has been invited to participate in a dialogue titled 'Global Perspective'.
Regarding new shares, listed on Hong Kong Stock Exchange. $GUOFUHEE (02582.HK)$ Listed on the stock.
Wishing fellow stock investors a successful week ahead!
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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