Institutions | USA Election Day Observers' Guide
The current presidential election competition is still in a heated stage.
One week ahead | Witness history! The US election voting day is approaching, and the Fed interest rate decision is coming.
Apart from the Federal Reserve, the Bank of England, Reserve Bank of Australia, etc. will also announce interest rate decisions; Super Micro Computer, which is embroiled in financial fraud scandals, will release the latest quarterly financial report; The 12th session of the 14th National People's Congress Standing Committee will be held.
How will the results of the USA election affect the six major industries and leading companies?
Trump and Harris's policies will bring radically different impacts to six major industries: autos, energy, industry, medical health, banks, and technology.
Institutions | The "soft landing" path has not changed, and the noise should not interfere with the Federal Reserve's decision.
The significant deviation in non-farm payroll growth from expectations is attributed to disruptions caused by strikes and hurricanes, this noise is unlikely to alter the pace of the Federal Reserve's monetary policy.
Weekend reading | The US election voting day is approaching! Three perspectives on the impact fluctuations.
Overall, the US economy is currently on a steady landing trajectory, with a slowdown but not too rapid decline. This process may be completed during the next presidential term, and the impact from the economic cycle may still be more powerful than the president's policy in the trend over the next four years.
U.S. stocks closed | The three major indexes all rose! Amazon's post-performance surged more than 6% to a three-and-a-half-month high, nvidia rose nearly 2% and will be included in the Dow.
On Friday, November 1st, despite the disappointing Apple earnings report, weak US October non-farm payrolls boosted rate cut expectations, coupled with the bullish reports of Amazon and Intel, lifting the optimistic sentiment in the technology sector. The Nasdaq, up nearly 1.5%, and semiconductor indices up nearly 2.2%, bid farewell to two consecutive days of declines. However, looking at the week as a whole, both the Nasdaq and Nasdaq 100 said goodbye to the previous seven weeks of consecutive gains.