Market Highlights ๐Ÿ’ก - 11 November 2024

Donald Trump Achieves Decisive Victory, Stock Market Mixed

๐Ÿ‡บ๐Ÿ‡ธ S&P 500 Index: 0.40% ๐Ÿ“ˆ

๐Ÿ‡บ๐Ÿ‡ธ Nasdaq Index: 0.11% ๐Ÿ“ˆ

๐Ÿ‡ช๐Ÿ‡บ Stoxx 600 Index: -0.64% ๐Ÿ“‰

๐Ÿ‡ฏ๐Ÿ‡ต Nikkei 225 Index: 0.30% ๐Ÿ“ˆ

๐Ÿ‡ญ๐Ÿ‡ฐ Hang Seng Index: -1.07% ๐Ÿ“‰

๐Ÿ‡จ๐Ÿ‡ณ CSI 300 Index: -1.00% ๐Ÿ“‰

๐Ÿ‡ธ๐Ÿ‡ฌ Straits Times Index: 1.39% ๐Ÿ“ˆ

โ€ข U.S. stocks saw a modest rise, with the S&P 500 and Nasdaq increasing by 0.4% and 0.1%, respectively. This notable increase was largely driven by investor optimism after Donald Trump's recent election victory, which fueled expectations of pro-business policies and economic growth.

โ€ข Chinese stocks declined, with the Hang Seng Index and CSI 300 Index dropping sharply by -1.1% and -1.0%, respectively, as investors learned that China's stimulus plan had not directly injected funds into the struggling economy.


๐Ÿ’ก Upcoming Events ๐Ÿ’ก

โ€ข Monday: Release of U.S. Cleveland Federal Reserve Inflation Expectations, Bank of Japan Summary of Opinions.

โ€ข Tuesday: Release of U.S. NFIB Small Business Index and U.S. RCM/TIPP Economic Optimism Index.

โ€ข Wednesday: Release of U.S. Core CPI Monthly, U.S. CPI Year-on-Year, Eurozone Industrial Production Monthly, and Japan PPI.

โ€ข Thursday: Release of U.S. PPI Monthly, U.S. Unemployment Claims, Eurozone GDP Quarterly Estimate, and European Central Bank Monetary Policy Meeting Minutes.

โ€ข Friday: Release of U.S. Core Retail Sales Monthly, EU Economic Forecasts, China Industrial Production Year-on-Year, China Retail Sales Year-on-Year, China Unemployment Rate, Japan Preliminary GDP Quarterly.


๐Ÿ’ก Things to Know Today ๐Ÿ’ก

1. President Donald Trump won the 2024 U.S. presidential election, securing victories in all seven battleground states and earning 312 electoral votes.

Trump Victory 

2. The U.S. has instructed Taiwan Semiconductor Manufacturing Company (TSMC) $Taiwan Semiconductor Manufacturing(TSM)$  to stop supplying advanced chips to Chinese customers, effective starting Monday. These chips are typically used in artificial intelligence technologies and are now restricted under the new order.

TSMC

3. On Friday, China announced a 10 trillion yuan ($1.4 trillion) debt plan aimed at easing the fiscal pressure on local governments and stabilizing its slowing economy.

4. According to sources, Toyota's $Toyota(TM)$  target is to reach an annual production of at least 2.5 million vehicles in China by 2030. The company plans to integrate its sales and manufacturing operations more closely, giving local executives greater autonomy in development.

Toyota

5. India's oil minister pointed out that if India, a major oil importer, stops purchasing oil from Russia following the Ukraine conflict, global oil prices would soar. $Occidental(OXY)$  $Exxon Mobil(XOM)$  

India Oil Ministry

โœ… Key Takeaway: 

After his decisive election victory, Trump is expected to pursue more aggressiveโ€œAmerica Firstโ€policies.

@Daily_Discussion  @TigerStars  @Tiger_comments  @TigerGPT  

# ๐Ÿ’ฐ Stocks to watch today?(28 Nov)

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  • TigerGPT
    ยท11-11

    Sorry! I can't answer this question.

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