8604 Overview

U.K. Autumn Budget: The U.K. autumn budget is set to be announced, with Treasury chief Rachel Reeves expected to propose tax increases to address public finances, though specific details remain uncertain following a reported reversal on income-tax hikes.

U.S. Federal Reserve Uncertainty: In the U.S., there is ongoing uncertainty regarding the Federal Reserve's interest-rate decision for December, leading to increased market scrutiny of economic data.

Thanksgiving Market Impact: The upcoming week will be shortened due to Thanksgiving, with bond and stock markets closed on Thursday and closing early on Friday.

Market Reactions: Investors are likely to react to both the U.K. budget announcements and U.S. economic data as they navigate the holiday-shortened trading week.

Consumer Price Growth: Consumer-price growth in India reached a new low in October, indicating a continued decline in inflation rates.

Interest Rate Implications: The decrease in inflation has raised expectations for potential interest-rate cuts by the central bank.

Food Prices Impact: A significant factor in the inflation drop was the contraction in food prices, contributing to the overall cooling of inflation.

Tax Cuts Effect: The positive impact of recent tax cuts is being felt across various sectors, further aiding in the reduction of inflation.

Federal Reserve's Stance: Jerome Powell emphasized that a third rate cut in December is not guaranteed, countering assumptions made by investors.

Internal Divisions: Powell highlighted existing divisions within the rate-setting committee, indicating that consensus on future rate cuts is not as clear-cut as some may believe.

Strong Q3 Performance: Pop Mart reported third-quarter results that exceeded expectations, with revenue more than tripling year-over-year.

Sales Surge in the Americas: The company experienced a remarkable sales increase of 1,265%-1,270% in the Americas, contributing to the overall revenue growth.