Express News | US media predicts that the Republican Party will win control of the House of Representatives.
"Trump celebration" will continue until the end of the year! Morgan Stanley: The rise of US stocks is expected to surpass that of 2016.
① JPMorgan predicts that the return on US stocks in 2024 will be higher than that in 2016, as economies outside the USA are weak and technology giants and financial stocks perform strongly; ② Wall Street is bullish on the trend of US stocks before the end of the year, as the elections have eliminated uncertainty, entering a seasonally positive period.
Express News | Institutions: The Republican Party takes control of the House of Representatives in the USA, a 'red wave' is coming.
Futu Morning Post | 'Trump trade' continues to rise! Cryptos rise hand in hand with Tesla; only four seats away from taking the House of Representatives, Republicans close to complete control of Congress.
The People's Bank of China reported that RMB loans increased by 16.52 trillion yuan in the first ten months; Pan Gongsheng, the head of the central bank, stated that they are guiding financial capital to invest early, invest small, invest long-term, and invest in hard technology.
Many institutions have lowered their expectations for interest rate cuts next year, and the independence of the Federal Reserve may be under pressure.
In November, despite the Fed's expected rate cut, due to the complexity of the US political environment, the tax and fiscal policies of the elected president have become important variables affecting the 2025 market. The uncertainty of future monetary policy has significantly increased, and several analysts have lowered their forecasts for the number of Fed rate cuts.
U.S. stocks closed | The three major indexes hit new highs again, with the S&P 500 index breaking through 6000 points for the first time! The 'Trump trade' continues, Tesla rose nearly 9%, cryptos surged, and MSTR rose more than 25%.
The three major US stock indexes hit new highs for two consecutive days, with the Dow Jones Industrial Average closing above 44,000 points for the first time in history. Small-cap stocks rose by 1.5%, bank indices rose by 2.3%, Chinese concept stocks initially rose by 1.2% but then halved their gains, and chip indices temporarily dropped by 3.6%. Trump media rebounded nearly 5% after a decline, while Nvidia, Apple, and Microsoft dropped by more than 1%. The US bond market was closed, the US dollar hit a four-month high, the euro hit a six-month low, offshore yuan briefly fell below 7.23 yuan, and commodities experienced a general decline.