Express News | UBS Group: Anticipates that setting a minimum price will be positive news for chinese auto companies.
Express News | Singapore stock market opens: FTSE Singapore Straits index rises by 0.38%, sgx rises by over 2%.
Futu Morning News | Official announcement! Trump nominates Benset to serve as usa Secretary of the Treasury; Goldman Sachs is bullish on US stocks: the s&p 500 will rise to 7000 points.
Goldman Sachs 2025 csi commodity equity index outlook: Long gold is the "Top Trade", oil & gas prices may see a "temporary uptrend"; USA PMI in November hit the fastest level since April 2022, factories increase purchases of imported inputs; USA election settled, consumer confidence lower than expected, long-term inflation expectations breaking through the range top.
US stocks closed | All three major indices rose for the entire week! The Dow Jones hit a new closing high, Tesla rose nearly 4%; cryptos concept stocks all rose, MSTR increased by over 6%.
Funds flowed out of technology stocks and into economically sensitive cyclical stocks. The Nasdaq fluctuated between gains and losses, dragged down by over 3% drop in Nvidia and 1.7% drop in Google Class A. The Dow Jones rose by about 1%, small caps rose by 1.8%, and Chinese concept stocks fell by 1.4%. The S&P 500 and Nasdaq accumulated gains of 1.7% for the week, the Dow rose by about 2%, Tesla rose nearly 10% for the week, and Super Micro Computer soared by over 78%, its best week ever. MicroStrategy, known as a 'Bitcoin whale', rebounded by 6% on Friday. Economic weakness pushed the Euro to a two-year low, while the US Dollar rose for the third consecutive week to a two-year high. Offshore Renminbi fell by over 200 points for the week to nearly a four-month low. US oil had its best two-month gain with a 6.5% increase for the week, gold rose by over 1% to surpass $2700, marking its best week in over a year with a 5.7% increase.
NIO quietly awaits an outbreak two years later
Gaining momentum.
China Automobile Dealers Association: It is expected that the retail sales of electric vehicles in November will reach 1.28 million, with a penetration rate of approximately 53.3%.
According to the China Automobile Dealers Association's preliminary estimates, the total retail market size of narrow passenger vehicles in November is about 2.4 million vehicles, an increase of 15.4% year-on-year, a 6.1% increase from the previous month. The retail sales of new energy vehicles are expected to reach 1.28 million, with a penetration rate of approximately 53.3%.