A-Share Market Dynamics:
- Northbound 50 Index repeatedly active, A-share automobile sector sees a pullback, while gold and chip sectors show significant gains.
- Hong Kong-listed Meituan falls over 8% after earnings release.
Global Economic Impact:
- Panama closes a major copper mine accounting for 1% of the world's copper production, potentially impacting global copper supply.
- US bond market dynamics: Ackman doubts a "soft landing" for the US economy, anticipates the Federal Reserve might start cutting interest rates in the first quarter of next year.
Market Trends and Analysis:
- Munger's death leads to a slight decline in Berkshire Hathaway's stock price, market anticipates may split.
- CITIC Securities forecasts that lithium prices may fall below 100,000 yuan/ton in 2024 due to increased supply pressure.
Corporate News:
- Pinduoduo's TEMU business achieves significant commission revenue growth, potentially shaping a new cross-border e-commerce landscape.
- Meituan plans to repurchase up to 1 billion US dollars of its shares, showing confidence in its business prospects.
- Changxin Memory launches China's first LPDDR5 DRAM storage chip, achieving a major breakthrough in the domestic market.
- Apple plans to end its partnership with Goldman Sachs in credit cards and savings accounts within 12 to 15 months.
Currency and Exchange Rates:
- Offshore RMB exchange rate against the US dollar breaks through the 200-day moving average, dovish comments from the Federal Reserve lead to a continued decline in the US dollar.
Other Economic News:
- OPEC+ meeting disagreements may lead to a delay, causing short-term fluctuations in oil prices.
- Oil prices rise due to expectations of OPEC+ production cuts and supply disruptions, coupled with weakening US dollar following Federal Reserve officials' comments.
Other News:
- The Reserve Bank of New Zealand announces it will maintain a 5.5% interest rate unchanged and indicates the possibility of future rate hikes.
- Electronic manufacturing services company Jabil's stock price falls 9% after lowering its earnings forecast.
- Australia's inflation in October is lower than expected, mainly due to a decrease in commodity prices.
![SKYPE 图](https://production-app-asset.traderknows.com/images/6b21cbce314f4a9ab4c176e7784b2d68.width-800.png?Expires=1724614553&Signature=FfQ7HgXtsagq-d0PeEfrXesSlBPSjLJ-Q~sGSSxk-6AdF7SN~AO5rC8O8D4fdR4-Aa8GOu5BX1Wc06qCUJpdMt-93l7inMvn4Oz~Dgsad9t6v1zFirvtd3Vqu5QbMCKaB8hNXYRjzli9OB4~BhL54TNyAOlaaK6ZeymUze13RfaR5pvchoy0GVSTZImN9hlZefBDR2qqBPeWxnC4Ck73HZbZZ~JmjruH1JjhySkzqtZ0o3tpKFJG8cl-VQuh~jtTNlXvu-chDB1MOY3SOzbiiwVZoiKCgRitu7rAtho~EhcHNMtEDLYB0H8W0s50ameCFIg-577Z8eq09EdB9syb3Q__&Key-Pair-Id=K3LHBTUA5A7KEY)
![公众号2](https://production-app-asset.traderknows.com/images/10c41f78f31e42b58f42721c836dd4fd.width-800.png?Expires=1724614814&Signature=h5-uqMLDWsRzTdTQ~ad8nqGat7BE005FYZXuhLaeawN0YKmS2nmDlIhh0Gb1qI-GmS9i9X9a85lxJXkygZjdFCxDjhOrw3l2akCW8DQO307WM4CJ4RCicWYssaWH5mPen9uZOesPeteEphsm-ix2hQjFmGxoyvgkeihkj7JdEIgvi45NsGxllmAnMyqjy8FX4t3ttaL0PnxxipYeMf-uYYuja-y0U8WoDURJgyCH-cdX3cmgvfwmdckNo0sZ~V-TdjAJuEfNN~ibqypuIhSXTEukoGX~31-6isbTIzID71mym0usLPJX0Awg5tab-H2a61A5cQYP3xwx-U5VXSQtCw__&Key-Pair-Id=K3LHBTUA5A7KEY)