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One-week outlook | Powell joins hands with non-farm data to 'explode the market'! Multiple Fed officials speak intensively; Hong Kong stocks closed for one day for National Day holiday, A shares closed for seven days
China's manufacturing and service PMI will be released; Europe's September CPI data will be released, inflation data meeting expectations or accelerating the European Central Bank's interest rate cut; Japan will release the August unemployment rate; Carnival Cruise Line, Nike, McCormick & Co will release financial reports.
How many basis points will the Fed cut interest rates in November? Next week is very crucial.
The probability of a 75 basis point rate cut within the year is 100%.
U.S. Treasury Liquidity Shifts to Month-end as Passive Funds Dominate: NY Fed Research
Guosen Securities: Will the Fed "stabilize the dollar" or "stabilize US bonds"? Global funds' views on US assets may change.
CICC Securities stated that looking ahead, the Federal Reserve's decisions may continue to be 'tight', and after a period of 'stabilizing US bonds', it is not ruled out that 'stabilizing the US dollar' may once again push the Federal Reserve to adjust its policy direction. These factors may affect the global perception of US assets.
US stocks close | US PCE inflation cools down, S&P Nasdaq falls but Dow hits new high; China concept index surges 24% for the whole week, jd.com hits fourteen-month high.
US PCE inflation cooling solidifies the confidence of the Fed in rate cuts, but US stocks fell in the afternoon, with nvidia dropping nearly 4% at one point. China's stimulus policies drove the Chinese concept index up by 4%, nio inc rose by nearly 13%, pan-European stock indexes and German stocks hit new highs for two consecutive days, luxury goods stocks rose again. The Dow, S&P, and Nasdaq have all risen for three consecutive weeks, with two China-focused ETFs achieving the best weekly gains in history.
TOP 20 transaction volume | Chinese concept stocks continue to rise, pdd holdings surged 35.5% this week; Musk claims that China's industrial capacity has far exceeded the usa.
On Friday, the turnover of the US stock market ranked first with nvidia falling by 2.13%, trading at $32.833 billion; tesla ranked second, rising by 2.45%, trading at $18.333 billion; apple, ranking third, rose by 0.12%, trading at $7.762 billion.