News Detail

The Weekly Calendar offers a detailed summary of the events, economic reports, and upcoming earnings reports that will influence the US and HK markets this week.

Last week, the stock market as a whole continued last week's rally, and the market is still digesting the impact of the pause in interest rate increases. On Wednesday, the Federal Reserve did not indicate a rate cut in its minutes, as markets continued to focus on earnings and the Fed's policy path.

Following three consecutive weeks of gains where most major indices were up ~10%, US equities have extended modestly higher in the holiday-shortened week. Not surprisingly we have seen volumes trail off this week as attendance wanes. A couple of soap opera-like dramas have helped to capture the attention of financial media outlets in an otherwise pretty quiet week of news flow.

Yields were moving modestly lower throughout the beginning of the week following a better-than-feared 20-year auction on Monday. However, there has been a reversal today which came in legs following economic data.

Data and Events Overview:

A speech on the economic outlook by Fed Governor James Waller on Tuesday; On Thursday, the Fed releases its Beige Book; On Friday, 2023 voting Committee and Chicago Fed President Goolsbee spoke on the economic outlook.

On the economic data front, the focus will be on Wednesday's revised third-quarter real GDP annualized quarter-on-quarter; On Thursday, China's official manufacturing PMI for November, US initial jobless claims and October core PCE price index for October; US PMIs on Friday.

On the Earnings Front:

Many listed Chinese concept stocks will release their financial reports, including Pinduoduo, Meituan, Bilibili, Zhihu, and Ali Health.

Further details are provided below:

Monday

HK Earnings: --

U.S. Earnings: $Zscaler ZS$ $Mueller Water Products, Inc. Class A MWA$ $Allscripts Healthcare Solutions, Inc. MDRX$

Tuesday

HK Earnings: $MEITUAN-W 03690.HK$ $ALI HEALTH 00241.HK$

U.S. Earnings: $PINDUODUO INC. PDD$ $Hewlett Packard Enterprise Co. HPE$ $Intuit Inc. INTU$ $Workday, Inc. Class A WDAY$ $CrowdStrike Holdings CRWD$ $Splunk Inc. SPLK$ $NetApp, Inc. NTAP$

Wednesday

HK Earnings: $BILIBILI-W 09626.HK$ $ZHIHU-W 02390.HK$

U.S. Earnings: $Dollar Tree, Inc. DLTR$ $BILIBILI INC. BILI$ $Hormel Foods Corporation HRL$ $Okta, Inc. Class A OKTA$ $Donaldson Company, Inc. DCI$ $Patterson Companies, Inc. PDCO$ $Foot Locker, Inc. FL$ $salesforce.com, inc. CRM$ $Snowflake SNOW$ $Synopsys, Inc. SNPS$ $Five Below, Inc. FIVE$ $PVH Corp. PVH$ $LaZBoy Incorporated LZB$

Thursday

HK Earnings: --

U.S. Earnings: $Kroger Co. KR$ $American Woodmark Corporation AMWD$ $VMware, Inc. Class A VMW$ $Dell Technologies Inc. DELL$ $Ulta Salon, Cosmetics & Fragrance, Inc. ULTA$ $Ambarella, Inc. AMBA$ $Cracker Barrel Old Country Store, Inc. CBRL$

Friday

HK Earnings: --

U.S. Earnings: $Bank of Montreal BMO$

As for IPOs:

In terms of Hong Kong stocks, there are no new shares listed.

In the US stock market, five new stocks are expected to be listed next week, so focus on:

$Lucas GC Limited LGCL$ : A leading provider of human capital management services in China
$Fenbo Holdings Ltd. FEBO$ : Hong Kong electric hair products manufacturer

However, it is important to note that IPO timing in the US can change at any time, whether advanced or delayed. Investors should continue to follow relevant news closely.

Please stay tuned for all the latest updates and insights on market movements as the week unfolds.

Have a great trading week!