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Overnight news: usa stocks show mixed results, nvidia's revenue nearly doubled year-on-year, Q4 guidance failed to impress Wall Street, and the import volume at the busiest ports in usa continues to rise significantly.
For more global financial news, please visit the 24-hour real-time financial news market closing: Dow Jones up 140 points, S&P flat, market focuses on Nvidia's financial report. Top 20 US stock turnover on November 20: Bitcoin concept stock MicroStrategy's market cap exceeds 100 billion US dollars. China concept stocks on Wednesday had mixed performances, Full Truck Alliance up 15%, Wunong Zhixing down 8.2%. US WTI crude oil fell 0.75% on Wednesday, New York futures gold rose 0.8%, back above $2650. Major European stock indices collectively fell, with the German DAX30 index down 0.26%. Nvidia's revenue increased by 94% year-on-year.
Overseas Headlines: Trump Team Considering Establishing Cryptocurrency Position in the White House, nvidia's revenue increased by 94% year-on-year, Ford to cut 4,000 jobs in europe by the end of 2027.
The main headline news that global financial media focused on last night and this morning includes: Trump's team is considering creating a new position in the White House responsible for crypto policy. According to informed sources, the team of elected usa president Trump is discussing with the digital assets industry whether to create a new position specifically for crypto policy in the White House. Informed sources said that Trump's team is currently reviewing potential candidates. If implemented, this would be the first position ever in the White House responsible for crypto, highlighting the influence of this emerging industry on the new government. Informed sources also mentioned that it is not yet clear whether a senior position in the White House will be established or a slightly lower one.
French industrial bank strategist: By 2025, the overall risk appetite of the global stock market will increase.
Strategists at industrial bank in France have indicated that in the coming year, global stock markets will generally see an increase in risk appetite, driven by factors including new policies in the usa, the unwinding of yen arbitrage trades, and the end of Germany's "debt brake" rule. The team of strategists led by Alain Bokobza expects the use of industrial policy to rise, which is a key component of the global trade war. It is anticipated that the usa will pressure its allies to increase investments in their national defense spending, while emerging markets may be disproportionately affected by clear repatriation strategies. Considering the already high valuations and lower stock risk premiums, the weight of usa stocks is to be slightly increased.
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Natixis: It is expected that the 10-year US Treasury bond yield will fluctuate in the range of 3.75%-4.75% next year.
A strategist at the Industrial Bank of France stated that considering all scenarios, it is expected that the yield on 10-year US Treasury bonds next year will fluctuate within the range of 3.75% to 4.75%. BNP Paribas stated that unless the deficit issue affects, this range should remain unchanged. In addition, the actual volatility is expected to remain high. According to Tradeweb's data, the yield on 10-year US Treasury bonds is 4.45%, up 3 basis points.
India's stock market saw record outflows of foreign capital, as economic momentum weakened prompting foreign investors to adopt a cautious stance.
Foreign investors' enthusiasm for the Indian stock market has cooled, with record levels of stock sell-offs, indicating that the country's post-epidemic economic boom is losing momentum. Global funds in October saw a net outflow of over 10 billion US dollars, pushing benchmark stock indexes into a technical correction. Citigroup stated that continued outflows of foreign capital may drag down the recent performance of the stock market. In recent years, due to rapid economic growth, soaring corporate profits, and business shifts, India has become a favored investment destination. However, due to the high stock valuations ranking among the highest globally, coupled with the slowing pace of economic and corporate profit growth, along with China's stock market in late September.
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