Next week marks a major milestone! The results of three major events will be revealed
六月清晨搅
发表于 2024-11-3 10:34:42
137
0
0
The three major events that will receive global attention next week will come to a conclusion. For China, the 12th meeting of the Standing Committee of the 14th National People's Congress will be held from November 4 to 8, and the announced agenda includes reviewing the report of the State Council on financial work. On the US side, the election results will be announced, and whether the Federal Reserve will further cut interest rates is affecting the nerves of global investors.
The 12th Session of the Standing Committee of the 14th National People's Congress will be held from November 4 to 8
The 32nd Chairman's Meeting of the Standing Committee of the 14th National People's Congress was held in Beijing on the 25th. 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 would be held in Beijing from November 4 to 8.
The Chairman's Meeting suggested that the 12th Meeting of the Standing Committee of the 14th National People's Congress consider the draft of the Preschool Education Law, the revised draft of the Law on the Protection of Cultural Relics, the revised draft of the Mineral Resources Law, the draft of the Energy Law, the revised draft of the Anti money Laundering Law, the revised draft of the Supervision Law of the Standing Committees of the People's Congresses at all levels, and so on.
The agenda for the 12th meeting of the Standing Committee proposed by the Chairman's Meeting includes reviewing the report of the State Council on financial work, the comprehensive report on the management of state-owned assets in 2023, and the special report on the management of administrative state-owned assets in 2023.
The upcoming Standing Committee of the National People's Congress is highly anticipated by all parties. Prior to this meeting, the Ministry of Finance announced at a press conference that it would launch a package of incremental policies, including plans to increase the quota for large-scale debt at once to replace the hidden debt of local governments, and to increase support for local debt risk mitigation. The relevant policies will be explained in detail to the society after completing the legal procedures.
After the Ministry of Finance announced its plan to increase the large-scale debt quota at once to replace the existing implicit debt of local governments, many places are actively striving for this implicit debt replacement quota to alleviate the pressure of resolving government debt risks at the local level.
However, the increase of the debt limit needs to be reviewed and approved by the Standing Committee of the National People's Congress. It is expected that relevant matters will be announced at the 12th meeting of the Standing Committee of the 14th National People's Congress, which will be held from November 4 to 8.
The results of the US election will be announced
The highly anticipated 2024 US presidential election is entering its final countdown, and the race between Trump and Harris is also entering a white hot state.
As of October 30th, 53.12 million people have completed their voting through mail and early on-site voting, with the Republican Party having a better early voting situation in swing states than nationwide. CITIC Securities believes that due to differences in early voting rules, information disclosure rules, and voter voting preferences among different states, the indicative significance of early voting data for the final election results is relatively limited.
CITIC Securities also pointed out that it will have to wait for the official election day on November 5th. It is expected that the election results will be basically clear as early as noon on November 6th Beijing time, but if the voting results in some states are too close or delay the release of the results.
According to CCTV News on November 1st, on October 31st local time, Forbes reported that a latest opinion poll showed that Vice President and Democratic presidential candidate Harris is only slightly ahead of former President and Republican presidential candidate Trump by 1%, but 10% of voters may change their minds before the election.
At present, global financial markets are being "nerve wracked" by the upcoming US election, and Chinese investors are no exception. Goldman Sachs strategists have stated that Chinese stocks will rise within two to three months after the US presidential election. However, they also warned that if former President Trump wins, there may be a "subconscious reaction" in the market.
The Federal Reserve will hold its interest rate meeting from November 6th to 7th
On September 18th, the Federal Reserve announced a 50 basis point reduction in the target range for the federal funds rate, to a level between 4.75% and 5.00%. This is the first interest rate cut by the Federal Reserve since March 2020, and also marks a shift from a tightening cycle of monetary policy to an easing cycle.
The Federal Reserve will hold a policy meeting on November 6-7. Traders continue to expect a probability of about 90% for the Federal Reserve to cut interest rates by 25 basis points next week. According to the swap rate, it is expected that the Federal Reserve will cut interest rates by a total of about 117 basis points in the next 12 months, which is about 67 basis points lower than the estimate in early October.
It is worth mentioning that the market was previously concerned that if the non farm payroll report released this Friday is hot, it may overturn the expectation of interest rate cuts. But the latest data shows that the non farm payroll in the United States increased by 12000 people in October, with an estimated increase of 105000 people. The previous value was an increase of 254000 people, which is the lowest monthly employment growth since December 2020.
After the release of non farm payroll data, traders increased their bets on a 25 basis point rate cut by the Federal Reserve in November.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Yellen speaks out heavily after the sharp decline in the US stock market! The financial system is not flashing red lights, and the US economy is healthy
- Federal Reserve officials speak out intensively, sending a heavy signal! Hedge funds flood into the largest tech stocks
- Meta's heavyweight AR glasses debut, stock price hits new historical high
- How many basis points will the Federal Reserve cut interest rates in November? Next week is crucial
- before dawn! Release the heavy signal! The Federal Reserve has released a heavyweight announcement!
- Government subsidies can be combined with Tmall discounts, and the earliest Double 11 in history will start next Monday
- Apple marketing chief confirms plans to update Mac product line next week
- Apple AI will officially debut next week and undergo testing by nearly 1.5 billion 'fruit fans'! The first batch of user experience has been released, and there is a huge divergence on Wall Street
- High energy ahead! The "Seven Giants" of the US stock market are about to announce their financial reports, and the shocking data is coming
- Supermicro Computer is approaching the critical point of delisting next Monday. The company stated that it will take all measures as soon as possible
-
11月21日、2024世界インターネット大会烏鎮サミットで、創業者、CEOの周源氏が大会デジタル教育フォーラムとインターネット企業家フォーラムでそれぞれ講演、発言したことを知っている。周源氏によると、デジタル教 ...
- 不正经的工程师
- 3 小时前
- 支持
- 反对
- 回复
- 收藏
-
アリババは、26億5000万ドルのドル建て優先無担保手形と170億元の人民元建て優先無担保手形の定価を発表した。ドル債の発行は2024年11月26日に終了する予定です。人民元債券の発行は2024年11月28日に終了する予定だ ...
- SOGO
- 前天 09:05
- 支持
- 反对
- 回复
- 收藏
-
スターバックスが中国事業の株式売却の可能性を検討していることが明らかになった。 11月21日、外国メディアによると、スターバックスは中国事業の株式売却を検討している。関係者によると、スターバックスは中国事 ...
- 献世八宝掌
- 昨天 16:29
- 支持
- 反对
- 回复
- 收藏
-
【意法半導体CEO:中国市場は非常に重要で華虹と協力を展開】北京時間11月21日、意法半導体(STM.N)は投資家活動の現場で、同社が中国ウェハー代工場の華虹公司(688347.SH)と協力していると発表した。伊仏半導体 ...
- 黄俊琼
- 昨天 14:29
- 支持
- 反对
- 回复
- 收藏