HSBC: Upgraded china res power rating to "shareholding", believing it has good value.

JPMorgan released a research report stating that it believes due to the strong growth in electricity consumption in China, electricity prices will only decrease at a modest pace. It believes that China Resources Power (00836) has good value and has raised its stocks to a "shareholding" rating. The report states that the company has underperformed the index by over 35% since early July, possibly due to concerns about next year's electricity price cuts and capital worries, as well as underperformance in the same industry. JPMorgan believes that market concerns about reduced electricity prices may be exaggerated, even if assuming significant electricity price cuts in the next two years, the current yield of Resources Power is about 7%, still a buying opportunity.

Sina Hong Kong stocks04:36 ET

Citigroup Adjusts JPMorgan Chase & Co.'s Price Target to $250 From $215, Keeps Neutral Rating

MT Newswires04:28 ET · Ratings

The central parity rate of the Renminbi against the US dollar is reported at 7.1911 yuan, down 4 basis points.

On November 19, the central parity rate of the yuan against the dollar was reported at 7.1911 yuan, down 4 points. Nomura expects that the Federal Reserve will pause interest rate cuts in December and will only lower rates twice next year. Nomura Securities analysts recently stated that they expect the Fed to pause interest rate cuts at the policy meeting in December, making it the first global brokerage to suggest a pause in rate cuts following Trump's election win. Nomura currently predicts that next year, the Fed will only cut rates twice more, in March and June, by 25 basis points each time. The brokerage maintains its forecast for the federal funds rate before next year at 4.125%.

Market news20:18 ET

Jim Cramer on JPMorgan Chase & Co. (JPM) And Other Banking Stocks: 'They Really Caught Fire After Trump Won The Election'

Yahoo Finance18:05 ET

Bonds Are 'Dirt Cheap' as Yields Soar. Trump's Win Is Just 1 Reason.

Barrons17:14 ET

S&P Sees Some Signs of a US Credit Bubble as Spreads Tighten

BNN Bloomberg16:55 ET