Weekly Watch | Fed's Final Rate Decision in 2023 Looms This Week; Oracle, Adobe, Costco Gear up to Print; Yan Palace HK IPO

M+ Global Updates 11/12/2023 16:42

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 market was focused on the ADP and non-farm employment data, with the three major indexes maintaining a volatile trend. Tech stocks performed strongly, with the Nasdaq approaching historical highs.

Data and Events Overview:

This week's major events to watch: Pay close attention to the early Thursday morning Fed interest rate decision and Fed Chairman Powell's monetary policy press conference; Economic data-wise, focus on US CPI on Tuesday; US PPI on Wednesday; Fed interest rate decision (upper limit) on Thursday; and Markit Manufacturing PMI and Service PMI on Friday.

On the Earnings Front:

On the earnings front, Oracle ($Oracle Corporation ORCL$ ) will release its earnings on Monday after the U.S. stock market closes. On Wednesday after the U.S. stock market closes, Adobe ($Adobe Systems Incorporated ADBE$ ) will release its earnings. And on Thursday after the U.S. stock market closes, Costco ($Costco Wholesale Corporation COST$ ) will release its earnings.

Further details are provided below:

Monday

HK Earnings: $BETTERLIFE HLDG 06909.HK$

U.S. Earnings: $Oracle Corporation ORCL$ $Casey's General Stores, Inc. CASY$ $Mueller Water Products, Inc. Class A MWA$

Tuesday

HK Earnings: $SINGASIA HLDG 08293.HK$

U.S. Earnings: --

Wednesday

HK Earnings: $WLS HOLDINGS 08021.HK$ $BORTEX GLOBAL 08118.HK$ $ZJ UNITED INV 08366.HK$

U.S. Earnings: $Adobe Systems Incorporated ADBE$ $Nordson Corporation NDSN$ $ABM Industries Incorporated ABM$ $American Eagle Outfitters, Inc. AEO$ $Photronics, Inc. PLAB$

Thursday

HK Earnings: $VALUE PARTNERS 00806.HK$ $YUE DA INTL 00629.HK$

U.S. Earnings: $Jabil Circuit, Inc. JBL$ $Costco Wholesale Corporation COST$ $Lennar Corporation Class A LEN$ $Scholastic Corporation SCHL$

Friday

HK Earnings: $SUNLIGHT HLDGS 08451.HK$ $EDICO HOLDINGS 08450.HK$ $MELBOURNE ENT 00158.HK$ $WATER OASIS GP 01161.HK$ $TAI KAM HLDGS 08321.HK$

U.S. Earnings: $Darden Restaurants, Inc. DRI$

As for IPOs:

In the Hong Kong stock market, $YAN PALACE 01497.HK$ will be listed next Tuesday. The company is a global leading provider of bird's nest products.

In the US stock market, it is expected that 8 new stocks will be listed next week, with a focus on:

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!

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