Next Week's Memo

AASTOCKS
2025.11.21 10:12

November 24 (Monday)

Japan holiday market closed

Singapore October CPI year-on-year: forecast up 0.9%; previous value up 0.7%

Taiwan October unemployment rate: previous value 3.35%

Germany November IFO Business Climate Index: previous value 88.4

Germany November IFO Current Assessment Index: previous value 85.3

Germany November IFO Business Expectations Index: previous value 91.6

United States October Chicago Fed National Activity Index

United States November Dallas Fed Manufacturing Activity Index: previous value negative 5

New stock listing: Innovation Industry (02788.HK)

Earnings announcements: Tuya-W (02391.HK), Hong An Real Estate (01243.HK), China Wangwang (00151.HK), Wen Yuan Zhi Xing-W (00800.HK)

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November 25 (Tuesday)

South Korea November Consumer Confidence Index: previous value 109.8

Taiwan October Industrial Production year-on-year: forecast up 15.5%; previous value up 15.48%

Hong Kong October export year-on-year: previous value up 16.1%

Hong Kong October import year-on-year: previous value up 13.6%

Germany Q3 seasonally adjusted GDP quarter-on-quarter final value: initial value unchanged

Germany Q3 unadjusted GDP year-on-year final value: initial value up 0.3%

Germany Q3 working-day adjusted GDP year-on-year final value: initial value up 0.3%

United States September retail sales month-on-month: previous value up 0.6%

United States September PPI month-on-month: previous value down 0.1%

United States September core PPI month-on-month: previous value down 0.1%

United States September PPI year-on-year: previous value up 2.6%

United States September core PPI year-on-year: previous value up 2.8%

United States August business inventories month-on-month: previous value up 0.2%

United States September FHFA House Price Index month-on-month: previous value up 0.4%

United States November Richmond Fed Manufacturing Index: previous value negative 4

United States November Conference Board Consumer Confidence Index: forecast 93.3; previous value 94.6

United States October existing home sales month-on-month: previous value unchanged

United States October unadjusted existing home sales year-on-year: previous value up 1.5%

Earnings announcements (U.S. stocks): Dell Technologies (DELL.US), HP (HPQ.US), Best Buy (BBY.US), Atour (ATAT.US) Earnings Announcement (Hong Kong Stocks): Alibaba Health (00241.HK), Li Auto (02015.HK), China Dongxiang (03818.HK), China Education Group (00839.HK), Tsui Wah Holdings (01314.HK)

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November 26 (Wednesday)

The UK government publishes the autumn budget

The Reserve Bank of New Zealand holds a monetary policy meeting, expected to cut the benchmark interest rate by 25 basis points to 2.25%

Australia's annual construction completion rate: Previous value 4.8

Australia's October CPI annual rate: Expected to rise 3.5%; Previous value rose 3.5%

Australia's third quarter construction completion quarterly rate: Expected to rise 0.3%; Previous value rose 3%

Japan's October corporate service price index annual rate: Expected to rise 2.7%; Previous value rose 3%

Japan's September leading index monthly final value: Initial value 108

Japan's September coincident index monthly final value: Initial value 114.6

Japan's October machine tool orders annual final value: Initial value rose 16.8%

Singapore's October industrial output annual rate: Expected to rise 5.9%; Previous value rose 16.1%

Singapore's October industrial output monthly rate: Expected to decline 9.5%; Previous value rose 26.3%

The number of mortgage applications in the US last week: Previous value fell 5.2%

The number of new unemployment claims in the US last week: Previous value 220,000

US September durable goods orders monthly initial value: Previous value rose 2.9%

US September core durable goods orders monthly initial value: Previous value rose 0.3%

US November Chicago PMI: Previous value 43.8

Earnings Announcement: Alibaba Health (00241.HK), Li Auto (02015.HK), China Dongxiang (03818.HK), China Education Group (00839.HK), Tsui Wah Holdings (01314.HK)

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ November 27 (Thursday)

U.S. Thanksgiving holiday market closure

The U.S. Federal Reserve publishes the Economic Beige Book

South Korea's central bank holds a monetary policy meeting, expected to maintain the benchmark interest rate at 2.5%

New Zealand's Q3 inflation-adjusted retail sales quarterly rate: forecast to rise 0.6%; previous value rose 0.5%

New Zealand's November ANZ Business Confidence Index: previous value 58.1

Australia's Q3 private capital expenditure quarterly rate: forecast to rise 0.7%; previous value rose 0.2%

China's October industrial profits of large-scale enterprises year-on-year: previous value rose 21.6%

Germany's December GfK Consumer Confidence Index: previous value -24.1

Germany's October retail sales month-on-month: previous value revised to no change

Germany's October retail sales year-on-year: previous value revised to rise 2.7%

Italy's November Istat Consumer Confidence Index: previous value 97.6

Italy's November Istat Economic Sentiment Index: previous value 94.3

Italy's November Istat Manufacturing Confidence Index: previous value 88.3

Eurozone's October M3 money supply year-on-year: previous value rose 2.8%

Eurozone's November Consumer Confidence Index final value: initial value -14.2

Eurozone's November Economic Sentiment Index: previous value 96.8

Eurozone's November Industrial Sentiment Index: previous value -8.2

Eurozone's November Services Sentiment Index: previous value 4

Italy's September seasonally adjusted industrial sales month-on-month: previous value fell 0.7%

Italy's September adjusted industrial sales year-on-year: previous value fell 0.1%

Canada's Q3 current account: forecast deficit CAD 14.42 billion; previous value deficit CAD 21.16 billion

New stock listing: Quantitative Group (02685.HK)

Earnings announcements: Bosideng (03998.HK), Cafe de Coral (00341.HK), Fairwood (00052.HK), Garmin Group (01271.HK), Luk Fook (00590.HK), Far East Consortium (00035.HK), Capital Strategy Realty (00497.HK), Virginie (02199.HK)

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November 28 (Friday)

U.S. Thanksgiving holiday half-day market

New Zealand's November ANZ Consumer Confidence Index: previous value 92.4

Australia's October private sector loan month-on-month: forecast to rise 0.6%; previous value rose 0.6%

Australia's October private sector loan year-on-year: previous value rose 7.3% South Korea October industrial output year-on-year: forecast unchanged; previous value up 11.6%

South Korea October industrial output month-on-month: forecast to rise 1.4%; previous value down 1.2%

Japan October unemployment rate: forecast 2.5%; previous value 2.6%

Japan November Tokyo CPI year-on-year: forecast up 2.7%; previous value revised to up 2.7%

Japan November Tokyo core CPI year-on-year: forecast up 2.7%; previous value up 2.8%

Japan October retail sales month-on-month: forecast up 0.9%; previous value revised to unchanged

Japan October retail sales year-on-year: forecast up 0.8%; previous value revised to up 0.2%

Japan October industrial output year-on-year preliminary: forecast to decline 0.4%; previous value up 3.8%

Japan October industrial output month-on-month preliminary: forecast to decline 0.6%; previous value up 2.6%

Japan October new housing starts year-on-year: forecast down 4.9%; previous value down 7.3%

Taiwan Q3 GDP year-on-year preliminary: forecast up 7.6%; previous value up 7.64%

India October industrial production year-on-year: forecast up 2.8%; previous value up 4%

India Q3 GDP year-on-year: forecast up 7.3%; previous value up 7.8%

Switzerland Q3 seasonally adjusted GDP quarter-on-quarter final value: preliminary down 0.5%

France November consumer confidence index: previous value 90

France October household consumption expenditure month-on-month: previous value up 0.3%

France October household consumption expenditure year-on-year: previous value down 0.3%

France November harmonized CPI month-on-month preliminary: previous value up 0.1%

France November harmonized CPI year-on-year preliminary: previous value up 0.8%

France November CPI month-on-month preliminary: previous value up 0.1%

France November CPI year-on-year preliminary: previous value up 0.9%

France Q3 GDP quarter-on-quarter final value: preliminary up 0.5%

France Q3 GDP year-on-year final value: preliminary up 0.9%

France October PPI month-on-month: previous value down 0.2%

France October PPI year-on-year: previous value up 0.1%

Italy Q3 GDP quarter-on-quarter final value: preliminary unchanged

Italy Q3 GDP year-on-year final value: preliminary up 0.4%

Italy Q3 harmonized CPI year-on-year preliminary: previous value up 1.3%

Italy Q3 harmonized CPI month-on-month preliminary: previous value down 0.2%

Italy November CPI year-on-year preliminary: previous value up 1.2%

Italy November CPI month-on-month preliminary: previous value down 0.3%

Germany November seasonally adjusted unemployed persons: previous value decreased by 1,000

Germany November seasonally adjusted unemployment rate: previous value 6.3%

Germany November CPI month-on-month preliminary: previous value up 0.3% Germany's November CPI year-on-year preliminary value: previous value increased by 2.3%

Germany's November harmonized CPI month-on-month preliminary value: previous value increased by 0.3%

Germany's November harmonized CPI year-on-year preliminary value: previous value increased by 2.3%

Canada's Q3 GDP annualized quarterly rate: forecast to increase by 0.5%; previous value decreased by 1.6%

Canada's September GDP month-on-month rate: forecast to increase by 0.2%; previous value decreased by 0.3%

Canada's September GDP year-on-year rate: forecast to increase by 0.6%; previous value increased by 0.7%

New stock listing: Haiwei Co., Ltd. (09609.HK)

Earnings announcements: Meituan-W (03690.HK), China Gas (00384.HK), Emperor International (00163.HK), Yingtong Holdings (06883.HK)

\* Fastest announcement on the same day