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December 1
Fitch: Metals prices are expected to fall in 2024, with the exception of gold.
December 1
Ningde Times said on the interactive platform that the company continues to deepen its strategic partnership with Changan Automobile to provide industry-leading solutions for high-end smart electric vehicles, including Avita. Furthermore, Shidai Changan Power Battery Co., Ltd., which was jointly established as a joint venture with Changan Automobile and Deep Blue Auto, has already launched its first battery cell product, and will be mass-produced and installed in various models under Changan Automobile in the future.
December 1
We learned from Haikou Customs that, according to statistics, from January to November this year, Haikou Customs oversaw a total of 40.7 billion yuan of duty-free shopping on the outlying islands, an increase of 26.1% over the previous year. The number of duty-free shoppers was 6.23 million, an increase of 59.6%. The number of duty-free purchases was 47.99 million, an increase of 4.5%.
December 1
Macalline announced that Alibaba Network and Hangzhou Haoyue signed a “Share Transfer Agreement” on November 30, 2023, agreeing that all of the 248 million shares of the company held by Alibaba Network will be carried over by Hangzhou Haoyue, a newly established company after the split, accounting for about 5.7% of the company's total share capital. The transfer price per share was $4.24, and the total share transfer price was $1,052 million.
December 1
The Ningbo Shipping Exchange announced on December 1 that in November 2023, the average value of the Ningbo Export Container Freight Index of the Maritime Silk Road Index published by the Ningbo Shipping Exchange was 706.6 points, up 8.8% from the previous month and down 30.5% from the previous year. Of the 21 routes, the freight rate index for 17 routes rose, and the freight index for 4 routes fell. Among the major ports in the region along the “Maritime Silk Road”, the freight rate index of 14 ports rose, and the freight index of 2 ports fell.
December 1
According to data from the China Metallurgical Mining Enterprise Association, China's iron ore production increased both month-on-month in October. In October, the country's iron ore raw ore production was 86.445 million tons, up 2.5% month on month and 29.8% year on year. From January to October, iron ore raw ore production was 825.758 million tons, an increase of 7.8% over the previous year.
December 1
The former boss of the world's largest bond fund may now be just a marginal person with fluctuating performance in the bond market, yet his interest rate bet in late October paid off. As he often does, Gross announced on social media platforms that he had placed a bet on a relatively obscure corner of the market, involving the purchase of a large amount of short-term interest rate futures that closely followed the expectations of the Fed's policy path. As traders bet on the extent of interest rate cuts by the Federal Reserve became more and more popular, these securities also rose sharply. Gross confirmed through his spokesperson that he bought 3,000 3-month contracts linked to the Guaranteed Overnight Financing Rate (SOFR) in March 2025. According to calculations, based on Friday prices, profits may have exceeded $4 million.
December 1
On December 1, on December 1, Wuhan City in Hubei Province ushered in the first local auction of the month. All 4 plots that entered the bidding process were sold at the reserve price. The winners were all state-owned enterprises controlled by the area where the plots were located. The 4 parcels were sold with an area of 257503.28 square meters and a construction area of 66,7019 square meters, with a total starting price of 3,440.5 billion yuan.
December 1
Ningde Times said on the investor interactive platform that the company's sodium battery will launch a Chery model. In terms of condensed matter batteries, the company is carrying out cooperative development of civil electric manned aircraft projects, implementing aerospace-grade standards and tests, and meeting aerospace-grade safety and quality requirements. At the same time, the company will also launch a car-grade application version of the condensed matter battery.
December 1
Vico Precision said on the interactive platform that the company's millimeter wave and lidar cleaning valves are used to clean the millimeter wave and lidar optical sensors of intelligent driving cars to ensure vehicle driving safety. Currently, there is no mass production. Furthermore, the electronic power steering system components produced by the company are still in the small-batch production stage.
December 1
The Baltic Sea Dry Bulk Index rose 8.68% to 3192 points.
December 1
On November 29-30, the National Conference on Market Operation and Consumption Promotion was held in Beijing. The conference emphasized that doing a good job in market operation and consumption promotion is of great significance in constructing a new development pattern, promoting high-quality development, and better meeting people's needs for a better life. Commercial authorities at all levels should implement the policies already put in place, innovate and carry out consumer promotion activities, focus on stabilizing bulk consumption, cultivate and expand new types of consumption, optimize consumer platform carriers, do a good job in market insurance and supply, and make every effort to promote the continuous recovery and expansion of consumption.

*News content reprinted from Futunn

It's safe to drop a bag! Retail investors have cashed out nearly 16 billion US dollars. Can the US stock market carnival continue as promised?

December 1,2023

Individual investors are worried that the US stock feast will not continue. This could have a waterfall effect if people start to end their profits.
Source: Futunn

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Pfizer's oral diet drug development failed, and there is no hope of turning around in the short term

December 1,2023

① Pfizer announced that it plans to abandon research and development of its experimental diet drug danuglipron (taken orally twice daily); ② observed a high incidence of adverse reactions in patients, although most of these side effects were mild and gastrointestinal.
Source: Futunn

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The biggest beneficiary in anticipation of interest rate cuts? ARKK, the flagship fund of “Sister Mu”, surged 31% in November, setting the best monthly performance in history

December 1,2023

The main drivers of ARKK's rise in November include streaming giant Roku, biotech company CRISPR Therapeutics, cryptocurrency trading platform Coinbase, and payment platform Block. The stock prices of these companies all rose by at least 50%.
Source: Futunn

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The list of Hong Kong stocks and gold stocks for December has been released! The organization focuses on various sectors such as technology and automobiles, and Meituan, Kuaishou, and Xiaopeng Motors are optimistic

December 1,2023

Everbright Securities believes that despite the twists and turns in the current domestic economy and economic recovery, it is still on a path of weak recovery, and suggests continuing to pay attention to TMT and “China Special Valuation” concept stocks.
Source: Futunn

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US stock preview | Powell will appear twice tonight; “Wei Xiaoli” November report card released

December 1,2023

Pfizer fell more than 4% in the pre-market, and reports said it was abandoning research and development of its experimental diet drugs; Dell fell more than 5% in the pre-market, and Q3 revenue fell 10% year over year below expectations; Maywell Technology fell close to 5% in the pre-market, and Q4 guidelines fell short of expectations.
Source: Futunn

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UBS: The “New Troika” Will Drive China's Economic Growth

December 1,2023

High quality growth.
Source: Futunn

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What will happen to the global economy in 2024? How to allocate assets? Global asset management giants see it this way

December 1,2023

Approaching the end of the year, the global economic situation and asset allocation trends in 2024 attracted market attention. Recently, a number of global asset management giants have released economic forecasts and asset allocation proposals for 2024. Goldman Sachs: Major economies will avoid recession in 2024 In the 2024 Global Macroeconomic Outlook Report, Goldman Sachs believes that major economies will be spared from recession. According to Goldman Sachs's forecast, the global GDP growth rate in 2024 will be 2.6%, which is higher than the 2.1% growth rate predicted by Bloomberg's unified consensus. Goldman Sachs said that there are four main reasons for optimism about 2024 growth: 1. Optimistic about actual disposable income growth
Source: Futunn

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The month-on-month delivery volume performance of the new car builders in November was weak: ideally to reach the annual target ahead of schedule, Nacha hopes for overseas markets

December 1,2023

① After experiencing the “frenzy” of “gold, nine, silver, ten,” the five new car builders all showed slight fatigue month-on-month in November delivery volume. ② In November, with a record of delivering 41,030 new cars, Ideal Auto still firmly occupied the top position in the delivery volume list, and achieved delivery volume exceeding 40,000 vehicles for two consecutive months. ③ Xiaopeng Motor maintained its “top” position last month with 20,041 vehicles delivered.
Source: Futunn

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BYD shares: November sales volume of new energy vehicles was 301,903 units, up 31.02% year on year

December 1,2023


Source: Futunn

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Xiaomi has made new progress again! Lei Jun's latest voice: Life has never been a cool text

December 1,2023

Xiaomi is preparing for the launch of the car.
Source: Futunn

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Powell appeared twice today: Will it shatter the dream of cutting interest rates?

December 1,2023

It's time to hit the nail on the head!
Source: Futunn

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US money market funds have once again experienced large inflows

December 1,2023

Money market funds saw huge inflows of $102 billion last week (the largest since the middle of the SVB crisis in March). The fifth consecutive week of capital inflows pushed the total assets of US money market funds to a record high of $5.84 trillion.
Source: Futunn

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There are many more shots! Issuing housing purchase subsidies, home purchase vouchers, increasing the amount of Provident Fund loans...

December 1,2023

Recently, housing purchase support policies have been intensively introduced in many places.
Source: Futunn

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Dell's Q3 quarterly report shows mixed results: PC market recovery is slow, but server demand is surging

December 1,2023

Dell Technologies' revenue for the third fiscal quarter declined more than expected due to the continued slump in corporate demand for personal computers
Source: Futunn

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Legendary investor Rogers: Even if the Fed cuts interest rates, it won't stop the recession

December 1,2023

Rogers, along with Buffett and Soros, is known as the world's top three investment celebrities, and is known as the “king of commodities.” In an interview on Friday, he expressed his views on the outlook for the global economy, US stocks, Japanese stocks, and commodities.
Source: Futunn

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Can November's high returns continue until 2024? These few issues are worth paying attention to

December 1,2023

Risky assets and safe-haven assets both brought high returns in November, but investors and analysts may have underestimated the challenges ahead.
Source: Futunn

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Big official announcement! The “national team” has entered the field...

December 1,2023

On December 1, the reporter learned from China Guoxin that Guoxin Investment Co., Ltd., a subsidiary of the group company, increased its holdings in the China Securities Guoxin Central Enterprise Technology Index Fund on the same day and will continue to increase its holdings in the future.
Source: Futunn

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Opposition to the central bank's interest rate views is growing, and the market is certain that European and American interest rate cuts will arrive ahead of schedule

December 1,2023

The huge disconnect between financial markets and central banks has just deepened, and traders have increased their bets on interest rate cuts in the US and Europe as there is growing evidence that inflationary pressure is rapidly weakening.
Source: Futunn

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Beishui added Hong Kong stock ETFs to buy more than HK$4.6 billion in Meituan over three days; Nanshui sold Kweichow Moutai for nearly 1 billion yuan

December 1,2023

On December 1 (Friday), South China Capital's net purchase of Hong Kong stocks was HK$5.289 billion today. Yingfu Fund, Meituan-W, and Southern Hang Seng Technology received net purchases of HK$2,081 million, HK$984 million, and HK$458 million respectively; Xiaomi Group-W and SMIC received net sales of HK$466 million and HK$139 million respectively.
Source: Futunn

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Another “magic medicine for weight loss” will be released! Can new drug active ingredients break the “Nolie” competition pattern?

December 1,2023

The global diet drug market is in a silent battle. Following Novo Nordisk and Lilly, Altimmune, a less famous pharmaceutical company, also had good news.
Source: Futunn

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