Weekly Watch | Fed Focuses on Key Inflation Metric; Powell and Colleagues Set to Present; Xiaomi Launches SU7 Vehicle

M+ Global Updates 25/03/2024 17:28

The Weekly Calendar is set to reveal a comprehensive summary of events, economic statistics, and upcoming earnings announcements expected to impact the US and HK financial landscapes in the ensuing week.

I. On the Macro Level

In economic data, the U.S. is poised to release February's Personal Consumption Expenditures (PCE) and fourth-quarter GDP figures. Additionally, noteworthy data including new home sales in the U.S., weekly jobless claims, the Dallas Fed Manufacturing Index, and the Conference Board's Consumer Confidence Index for March are all anticipated.

Regarding financial events, the Bank of Japan will release the minutes of its January monetary policy meeting. Federal Reserve Chair Powell, along with other Fed officials like Board members Cook and Waller, will be making speeches.

On the earnings front, Hong Kong-listed companies PetroChina, BYD Company, SenseTime, Country Garden, and US-listed Carnival Cruise Lines are all scheduled to report their earnings.

Xiaomi's automotive offering, the SU7, is slated for its official launch this week. Moreover, the Boao Forum for Asia Annual Conference 2024 is scheduled to be held from March 26 to 29 in Boao, Hainan.

Furthermore, Good Friday on March 29th and Easter Sunday on April 1st will see financial markets in many Christian-majority countries and regions closed for the holidays. The specific arrangements are as follows:

US stock market: Closed on Friday, March 29th, and will resume regular trading from Monday, April 1st.

Hong Kong stock market: Closed from Friday, March 29th, to Monday, April 1st, and will resume regular trading from Tuesday, April 2nd.

II. Earnings Reports

In terms of earnings reports in the HK stock market, the focus can be on:

For the US stock market, the focus can be on:


1. In the HK stock market, 3 new stocks are scheduled to be listed this week:




2. In the US stock market, 10 new stocks are expected to be listed this week:


$SAG Holdings Ltd SAG$

$Ten League International Holdings TLIH$

$FBS Global Ltd. FBGL$

$Tungray Technologies Inc. TRSG$

$U-BX Technology Ltd. UBXG$

$Mobile-health Network Solutions MNDR$

$NeOnc Technologies Holdings, Inc. NTHI$

$Alta Global Group Limited MMA$

$Diebold Nixdorf Inc DBD$

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!