One week outlook | Powell and a group of Fed officials will speak intensively; Non-farm payrolls are coming! Will it reshape the market's rate cut expectations?
November's key employment data in the USA, as well as the ISM manufacturing and service activity surveys, will be closely watched as an economic indicator for the USA; ECB President Lagarde's recent statements may signal the pace of future interest rate cuts.
CICC: Hang Seng Index at 19,000 points still has support, but external uncertainties constrain the index's upward space.
CICC: If domestic policies exceed expectations in the short term, the market may experience intermittent highs. However, from a long-term perspective of 'realistic constraints', we suggest that investors take partial profits and shift towards structure in such cases. It is unrealistic to have overly strong policy expectations under 'realistic constraints'. "Gradually layout on the sluggish left side, take moderate profits on the excited right side" and shift towards structure remains an effective strategy.
All-out counteroffensive! Foreign investment giants are firmly optimistic about china assets.
Foreign investment giants are committed to increasing their shareholding in china's assets. Renowned as a global investment master and algo fund founder, Jim Rogers stated in a recent interview that he has reduced his positions in the global market but maintained his investments in china and uzbekistan. Rogers mentioned, "I believe china will continue to develop and will become more important in the world economy."
Data reveals | What did Northern funds buy in November? They crazily invested nearly 10.6 billion Hong Kong dollars in Alibaba and increased their holdings in Tencent by nearly 8 billion Hong Kong dollars.
In November, Southbound funds "fiercely attacked" Hong Kong stocks, with a cumulative net buy amount of over 120 billion Hong Kong dollars, hitting a new high in nearly three years.
One picture to understand | The list of bull and bear stocks in Hong Kong stocks for November is out! AI application stocks have surged, mobvista has risen by 300% this month.
Entering the Middle Eastern market! dalipal hldg has seen a monthly increase of over 80%, and will partner with Saudi Aramco to build a production base in the Middle East.
In November, China's official manufacturing PMI was 50.3, marking three consecutive months of expansion, while the non-manufacturing business sentiment level fell slightly.
With a series of stock and incremental policies continuing to work together, the manufacturing PMI is on the rise in the range of prosperity, with the pace of expansion accelerating. The non-manufacturing PMI dropped by 0.2 percentage points, and the comprehensive PMI remained unchanged from the previous month, overall maintaining a stable and expanding level of economic prosperity in China.