Next week, major events will gather together, and A-shares will usher in an important moment. The 12th meeting of the Standing Committee of the 14th National People's Congress will be held in Beijing. The Seventh China International Import Expo, the 2024 World Energy Storage Conference and many other conferences will be held. The countdown to the U.S. presidential election has begun, and the voting results are about to be announced. The Federal Reserve will announce an interest rate decision, and the extent of the rate cut will attract market attention. In addition, the National Bureau of Statistics will announce October cpi and ppi data, and two new A-shares will be issued.
The 12th meeting of the Standing Committee of the 14th National People's Congress will be held
According to Xinhua News Agency, the 32nd Chairman's Meeting of the Standing Committee of the 14th National People's Congress was held on the morning of October 25 in the Great Hall of the People in Beijing. Chairman Zhao Leji presided over the meeting. The meeting decided that the 12th meeting of the Standing Committee of the 14th National People's Congress will be held in Beijing from November 4th to 8th.
The Chairman's Conference recommended that the 12th meeting of the Standing Committee of the 14th National People's Congress review the draft of the Preschool Education Law, the revised draft of the Cultural Relics Protection Law, the revised draft of the Mineral Resources Law, the draft energy law, the draft revised anti-money laundering law, and the people's representatives at all levels Draft amendments to the Supervision Law of the General Assembly Standing Committee, etc.
The 7th CIIE and other conferences will be held
The 7th CIIE will be held in Shanghai from November 5 to 10, and the Hongqiao International Economic Forum will be held at the same time. At present, the overall preparations for the exhibition are basically in place, and exhibits from more than 2,700 exhibiting companies have entered the exhibition hall.
In addition, the 2024 World Energy Storage Conference will be held in Ningde from November 6th to 8th. The 2024 Guangdong-Hong Kong-Macao Greater Bay Area Global Investment Conference is scheduled to be held in Guangzhou on November 8. In order to promote independent innovation and high-quality development in the field of analytical science and instrumentation in my country and strengthen collaboration between industry, academia, and research, the China Association for Analytical Testing will hold the "First Analytical Science and Instrumentation Conference" in Chengdu from November 8 to 12, 2024.
The countdown to the U.S. presidential election
The 2024 U.S. election has entered a white-hot stage. November 5, Eastern Time, is this year’s U.S. presidential election day.
According to the provisions of the U.S. Constitution, presidential and vice-presidential elections are held every four years. The United States will hold the 60th election in 2024. The next president and vice president of the United States will be Democratic presidential candidate Kamala Harris and vice presidential candidate Tim Walz, and Republican presidential candidate Donald Trump and vice presidential candidate James Wan Choose among them.
The Goldman Sachs report pointed out that no matter who is elected, the trend of capital flowing into the Chinese market is likely to continue. Over the past month, emerging market funds have significantly increased their exposure to China and North Asia. This increase in holdings shows that global funds are optimistic about the independence of the Chinese market and the steady growth of internal demand.
The Federal Reserve will announce an interest rate resolution
On November 8, the Federal Reserve will hold an interest rate meeting and announce an interest rate resolution. Data from CME Group shows that the market expects a 96.1% probability that the Federal Reserve will lower the target range of the federal funds rate by 25 basis points in November, and a 3.9% probability of leaving it unchanged.
BlackRock President Larry Fink previously said that the Federal Reserve will not cut interest rates as much as the market expects. Although the Federal Reserve will cut interest rates by at least 25 basis points, the world's embedded inflation is higher than ever before. serious.
"The Fed may reduce its confidence in October's economic data because there are obvious reasons to expect temporary distortions in the data." Bill Adams, chief economist at Comerica Bank, said, "The Fed is likely to be relatively cautious after next week's election. In the interest rate decision, the federal funds rate was cut by 25 basis points, and it is expected that the data before the December meeting will more clearly reflect the economic performance after the hurricane. "
October cpi and ppi data will be released
On November 9, the National Bureau of Statistics will Announced October cpi, ppi data.
Caitong Securities believes that in October, the average monthly wholesale sales of meat, eggs, vegetables and fruits declined. However, the drag on fuel prices was weaker than in September. In addition, the National Day holiday and the recent off-peak travel boom have driven hotel and air ticket prices to recover. The year-on-year growth rate of cpi in October is expected to be the same as that in September, stable at around 0.4%.
ppi, since October, copper, aluminum, steel and crude oil prices have all rebounded. Stimulated by a package of incremental policies, the economy gradually recovered. Caitong Securities predicts that the year-on-year ppi growth rate in October may narrow to -2.1%.
will issue 2 new shares next week
wind data shows that there will be 2 new shares issued next week, including 1 on the GEM, with a total of about 109 million shares issued, and a total of 2.446 billion yuan is expected to be raised. Specifically, what was released on November 8 was Jintian Titanium and Yilian Technology . According to
information, Jintian Titanium Industry is a high-tech enterprise mainly engaged in the research and development, production and sales of high-end titanium and titanium alloy materials. Yilian Technology is a product and solution provider integrating R&D, design, production, sales and service of electrical connection components.
Next week, major events will gather together, and A-shares will usher in an important moment. The 12th meeting of the Standing Committee of the 14th National People's Congress will be held in Beijing. The Seventh China International Import Expo, the 2024 World Energy Storage Conference and many other conferences will be held. The countdown to the U.S. presidential election has begun, and the voting results are about to be announced. The Federal Reserve will announce an interest rate decision, and the extent of the rate cut will attract market attention. In addition, the National Bureau of Statistics will announce October cpi and ppi data, and two new A-shares will be issued.
The 12th meeting of the Standing Committee of the 14th National People's Congress will be held
According to Xinhua News Agency, the 32nd Chairman's Meeting of the Standing Committee of the 14th National People's Congress was held on the morning of October 25 in the Great Hall of the People in Beijing. Chairman Zhao Leji presided over the meeting. The meeting decided that the 12th meeting of the Standing Committee of the 14th National People's Congress will be held in Beijing from November 4th to 8th.
The Chairman's Conference recommended that the 12th meeting of the Standing Committee of the 14th National People's Congress review the draft of the Preschool Education Law, the revised draft of the Cultural Relics Protection Law, the revised draft of the Mineral Resources Law, the draft energy law, the draft revised anti-money laundering law, and the people's representatives at all levels Draft amendments to the Supervision Law of the General Assembly Standing Committee, etc.
The 7th CIIE and other conferences will be held
The 7th CIIE will be held in Shanghai from November 5 to 10, and the Hongqiao International Economic Forum will be held at the same time. At present, the overall preparations for the exhibition are basically in place, and exhibits from more than 2,700 exhibiting companies have entered the exhibition hall.
In addition, the 2024 World Energy Storage Conference will be held in Ningde from November 6th to 8th. The 2024 Guangdong-Hong Kong-Macao Greater Bay Area Global Investment Conference is scheduled to be held in Guangzhou on November 8. In order to promote independent innovation and high-quality development in the field of analytical science and instrumentation in my country and strengthen collaboration between industry, academia, and research, the China Association for Analytical Testing will hold the "First Analytical Science and Instrumentation Conference" in Chengdu from November 8 to 12, 2024.
The countdown to the U.S. presidential election
The 2024 U.S. election has entered a white-hot stage. November 5, Eastern Time, is this year’s U.S. presidential election day.
According to the provisions of the U.S. Constitution, presidential and vice-presidential elections are held every four years. The United States will hold the 60th election in 2024. The next president and vice president of the United States will be Democratic presidential candidate Kamala Harris and vice presidential candidate Tim Walz, and Republican presidential candidate Donald Trump and vice presidential candidate James Wan Choose among them.
The Goldman Sachs report pointed out that no matter who is elected, the trend of capital flowing into the Chinese market is likely to continue. Over the past month, emerging market funds have significantly increased their exposure to China and North Asia. This increase in holdings shows that global funds are optimistic about the independence of the Chinese market and the steady growth of internal demand.
The Federal Reserve will announce an interest rate resolution
On November 8, the Federal Reserve will hold an interest rate meeting and announce an interest rate resolution. Data from CME Group shows that the market expects a 96.1% probability that the Federal Reserve will lower the target range of the federal funds rate by 25 basis points in November, and a 3.9% probability of leaving it unchanged.
BlackRock President Larry Fink previously said that the Federal Reserve will not cut interest rates as much as the market expects. Although the Federal Reserve will cut interest rates by at least 25 basis points, the world's embedded inflation is higher than ever before. serious.
"The Fed may reduce its confidence in October's economic data because there are obvious reasons to expect temporary distortions in the data." Bill Adams, chief economist at Comerica Bank, said, "The Fed is likely to be relatively cautious after next week's election. In the interest rate decision, the federal funds rate was cut by 25 basis points, and it is expected that the data before the December meeting will more clearly reflect the economic performance after the hurricane. "
October cpi and ppi data will be released
On November 9, the National Bureau of Statistics will Announced October cpi, ppi data.
Caitong Securities believes that in October, the average monthly wholesale sales of meat, eggs, vegetables and fruits declined. However, the drag on fuel prices was weaker than in September. In addition, the National Day holiday and the recent off-peak travel boom have driven hotel and air ticket prices to recover. The year-on-year growth rate of cpi in October is expected to be the same as that in September, stable at around 0.4%.
ppi, since October, copper, aluminum, steel and crude oil prices have all rebounded. Stimulated by a package of incremental policies, the economy gradually recovered. Caitong Securities predicts that the year-on-year ppi growth rate in October may narrow to -2.1%.
will issue 2 new shares next week
wind data shows that there will be 2 new shares issued next week, including 1 on the GEM, with a total of about 109 million shares issued, and a total of 2.446 billion yuan is expected to be raised. Specifically, what was released on November 8 was Jintian Titanium and Yilian Technology . According to
information, Jintian Titanium Industry is a high-tech enterprise mainly engaged in the research and development, production and sales of high-end titanium and titanium alloy materials. Yilian Technology is a product and solution provider integrating R&D, design, production, sales and service of electrical connection components.
Reporter Chen Hui