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Market Focus News on November 28

2023-11-28

The market focus news on November 28 included that U.S. Treasury Yield Decline, DiDi Resumes Services and TVB Restructuring, etc.

U.S. Economy and Financial Markets

  1. U.S. Treasury Yield Decline: The yield on the 10-year U.S. Treasury note fell below 4.4%, fueling market expectations of a Federal Reserve rate cut next year.
  2. Deutsche Bank's U.S. Stock Forecast: Predicts a further 12% rise in U.S. stocks, with the S&P 500 expected to reach 5100 points by the end of next year.
  3. Federal Reserve Rate Cut Expectations: Deutsche Bank forecasts that the Fed's rate cuts next year could be larger than expected, possibly starting in June.

China Market and Corporate Dynamics

  1. Changan Automobile Stock Surge: Changan Automobile's stock price saw a significant increase, related to its investment cooperation with Huawei.
  2. Beijing Stock Exchange Themed Fund Redemption Issue: Investors decide to continue holding the Beijing Stock Exchange themed funds.
  3. DiDi Resumes Services: DiDi Chuxing announces the resumption of its ride-hailing and other services.

Hong Kong Market and Media Industry

  1. TVB Restructuring: Television Broadcasts Limited (TVB) announces a restructuring plan, leading to a rise in its stock price.
  2. Rising Interest Rates in Hong Kong Market: The one-month interbank lending rate in Hong Kong rises to the highest level in 16 years.

International Payment Systems

Thailand's Tourism Payment System: Starting December 4, tourists who travel to Thailand can use the Faster Payment System for transactions.

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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