#1. The National Bureau of Statistics will release the PMI data for November on November 30. In October, the manufacturing purchasing managers' index (PMI) was 50.1%, an increase of 0.3 percentage points from the previous month, indicating a recovery in manufacturing activity.
2. China will release the profits of industrial enterprises above designated size for October on November 27. Last month's data showed that the profits of industrial enterprises above designated size in China declined by 27.1% year-on-year in September, while profits in the consumer goods industry continued to grow steadily.
3. At 3:00 AM Beijing time on November 27, the Federal Reserve will release the minutes of the November monetary policy meeting. Money market pricing indicates that investors currently expect the possibility of the Federal Reserve lowering interest rates in December to be slightly above 50%, with a total expected reduction of only 67 basis points from now until the end of 2025.
4. Next week (November 25 - November 29), a total of 57 companies will have their restricted shares gradually unlocked. The top three in terms of market value for unlocking are: Shen Nong Group (12.95 billion yuan), Jiu Feng Energy (9.801 billion yuan), and Hua Su Co., Ltd. (4.859 billion yuan).
5. Next week, there will be three new stock issuances. Specifically, Jiachi Technology will issue on November 25; Kelong New Materials will issue on November 26; Boyuan Co., Ltd. will issue on November 29. A total of 22 new funds (combined statistics of Class A and Class C) will be issued that week, including 6 bond funds, 0 mixed funds, 0 stock funds, 13 index funds, and 1 REIT.
6. On Wednesday (November 27), the U.S. will release the actual GDP and annualized quarterly PCE revision for the third quarter. Last month's data showed that the U.S. actual GDP for the third quarter grew by 2.8% quarter-on-quarter, which was below expectations, while the core PCE price index rose by 2.2% quarter-on-quarter, exceeding expectations.
7. On Friday (November 29), the Eurozone will release the harmonized CPI for November. Last month's data showed that the October Eurozone CPI data met expectations, returning to the target level of 2%.
8. On the 27th, the U.S. will release the durable goods orders data for October; Australia will release the CPI data for October. On the 28th, Germany will release the CPI data for November; the Eurozone will release the economic sentiment index for November. On the 29th, Japan will release the CPI data for October; France will release the PPI for October, CPI for November, and GDP data for the third quarter; Canada will release the annualized quarterly GDP data for the third quarter.
9. From November 28 to 30, the 2024 World Consumer Electronics Expo (CEE) will be held at the Shenzhen Convention and Exhibition Center.
10. The second China International Supply Chain Promotion Expo will be held in Beijing from November 26 to 30. The first annual meeting of the Global Low Altitude Economy Forum will be held in Beijing on November 27 and 28. The 2024 China International Digital and Software Service Trade Fair will be held in Dalian from November 29 to 30.
11. The Huawei Mate brand ceremony will be held at 14:30 on November 26, where the Huawei Mate 70 series and several new products will be officially unveiled. Yu Chengdong, Executive Director of Huawei, Chairman of Terminal BG, and Chairman of Intelligent Automotive Solutions BU, stated that the Mate 70 series of phones released this time will be the most powerful Mate in history.
12. On November 28, the New York Stock Exchange will be closed for one day due to Thanksgiving; trading of precious metals and U.S. crude oil futures contracts at the Chicago Mercantile Exchange will end early on November 29 at 03:30 Beijing time, and trading of stock index futures contracts will end early at 02:00 Beijing time; trading of Brent crude oil futures contracts at the Intercontinental Exchange will end early at 02:30 Beijing time on November 29.
13. On November 29, Meituan will announce its performance for Q3 2024. Securities firms expect Meituan to achieve total revenue of 92.1 billion yuan in Q3 2024, with the restaurant delivery business expected to generate revenue of 45.9 billion yuan.