Investors Evaluate Inflation Data, Market Volatility Increases
πΊπΈ S&P 500 Index: +0.03% π
πΊπΈ Nasdaq: -0.26% π
πͺπΊ STOXX 600 Index: -0.13% π
π―π΅ Nikkei 225 Index: -1.66% π
ππ° Hang Seng Index: -0.12% π
π¨π³ CSI 300 Index: +0.63% π
πΈπ¬ Straits Times Index: +0.25% π
U.S. Stock Market Mixed: The S&P 500 $S&P 500(.SPX)$ Index rose by 0.03%, while the Nasdaq $NASDAQ(.IXIC)$ dropped by 0.3%. This follows October's consumer price data, which met expectations and further supported the expectation that the Federal Reserve will cut interest rates in December.
Chinese Stock Market Performance Mixed: The Hang Seng Index $HSI(HSI)$ fell by 0.1%, while the CSI 300 $CSI300(000300.SH)$ Index rose by 0.6%. Shares of major tech and automotive companies continue to face downward pressure.
π‘ Upcoming Events: π‘
Thursday: U.S. PPI month-over-month, U.S. jobless claims, Eurozone Q3 GDP preliminary, and European Central Bank monetary policy meeting minutes will be released.
Friday: U.S. core retail sales month-over-month, EU economic forecast, China industrial production YoY, China retail sales YoY, China unemployment rate, Japan Q3 GDP preliminary will be released.
π‘ Things to Know Today: π‘
1. In October, the U.S. Consumer Price Index (CPI) increased by 0.2% month-over-month, marking a fourth consecutive month of gains, and rising 2.6% year-over-year. Core CPI (excluding food and energy) increased by 0.3% YoY, in line with economists' expectations.
CPI
2. The Republican Party maintains a slim majority in the U.S. House of Representatives, giving Donald Trump and his party control of the elected branches of government, reducing potential constraints on a new president's power.
Republican majority in the house
3. Tencent Holdings $TENCENT(00700)$
Tencent
4. According to founder and chairman Robin Zeng, if Donald Trump is elected president, he will allow Chinese investments in the electric vehicle supply chain. As a result, global battery giant CATL is willing to build a factory in the U.S.
Robin Zeng
5. Bain & Company reports that global personal luxury goods sales are expected to decline by 2% this year, marking one of the worst performances in the industry's history. This decline is attributed to rising prices and economic uncertainty, which have reduced the customer base.
Bain & Company
β Key Takeaway:
Republican control of Washington next year will enable President-elect Donald Trump to push through a pro-tax-cut agenda.
Comments
Here are some upcoming events in the market on November 14, 2024:
Earnings Releases:
Walt Disney (DIS): Pre-Market
Applied Materials (AMAT): Post Market
Siemens AG (SIEGY)
Deutsche Telekom AG (DTEGY)
Mitsubishi UFJ (MUFG): Pre-Market
Sumitomo Mitsui (SMFG)
Brookfield Corp (BN): Pre-Market
Merck KGaA (MKKGY)
JD.com (JD): Post Market
Mizuho (MFG)
NetEase (NTES): Pre-Market
3i Group (TGOPY)
Swiss Re Ltd (SSREY): Pre-Market
JAPAN POST BK CO LTD (JPPTY)
E.ON SE (EONGY)
JAPAN POST HLDGS CO LTD (JPPHY)
Hapag-Llyod AG (HPGLY)
SMC Corp (SMCAY)
Dai-ichi Life Holdings, Inc. (DLICY)
Nippon Paint Holdings Co., Ltd. (NPPHY)
Grasim Industries Ltd. (GRSXY): Pre-Market
Nice Ltd (NICE): Pre-Market
Sabesp (SBS): Post Market
Talen (TLN): Pre-Market
Globant SA (GLOB): Post Market
Bilibili Inc. (BILI): Pre-Market
United Utilities Group PLC (UUGRY)
Talanx AG (TLLXY)
Mitsubishi HC Capital Inc. (MIUFY)
T&D Holdings, Inc. (TDHOY)
Please note that the times mentioned for earnings releases are in Eastern Standard Time (EST).
These events may have an impact on the respective companies' stock prices and the overall market. It is essential to stay updated with the latest news and market trends for informed investment decisions.
Please let me know if there's anything else I can assist you with.Here are the market highlights for November 14, 2024:
The S&P 500 Index rose by 0.03%, while the Nasdaq dropped by 0.26%.
In Europe, the STOXX 600 Index fell by 0.13%.
In Asia, the Nikkei 225 Index dropped by 1.66%, the Hang Seng Index fell by 0.12%, and the CSI 300 Index rose by 0.63%.
The Straits Times Index in Singapore increased by 0.25%.
Upcoming events to watch for:
Thursday: U.S. PPI month-over-month, U.S. jobless claims, Eurozone Q3 GDP preliminary, and European Central Bank monetary policy meeting minutes will be released.
Friday: U.S. core retail sales month-over-month, EU economic forecast, China industrial production YoY, China retail sales YoY, China unemployment rate, Japan Q3 GDP preliminary.
Here are some additional highlights:
The Republican Party maintains a slim majority in the U.S. House of Representatives, giving Donald Trump and his party control of the elected branches of government. This reduces potential constraints on a new president's power.
Tencent Holdings reported an 8% rise in third-quarter revenue, reaching 167.19 billion yuan (approximately 23.14 billion USD). This growth was driven by gaming, advertising, and cloud services.
Please note that the information provided is for reference purposes only and not investment advice. Investments involve risks, and it is essential to conduct thorough research and exercise caution when making investment decisions.
Let me know if there is anything else I can assist you with!