Global Market Financial Weekly Report:
November 2024, Week 2
This week's financial landscape highlights pivotal developments shaping the global economy, including Trump's victory spurring a Bitcoin rally, U.S. inflation uptick, Meta's EU fine, Shell's emissions ruling, and China's debt management amid U.S. tariff threats.
Citation: BBC News、NASDAQ News
Trump's Victory Fuels Bitcoin Surge
$80K
Bitcoin Price
Bitcoin surged past $80,000 following Trump's election victory
45%
Shell's Emissions Target
Shell successfully appealed a Dutch court ruling mandating a 45% emissions reduction by 2030
2.6%
U.S. Inflation
U.S. inflation rose to 2.6%, driven by rising housing and food costs
U.S. Inflation and Federal Reserve Strategy

1

Inflation Rise
U.S. inflation increased to 2.6%, primarily due to housing and food costs

2

Fed's Dilemma
Persistent price pressures may challenge the Federal Reserve's approach to rate cuts

3

Economic Impact
Potential delays in planned rate cuts could affect overall economic stability
Meta's €798 Million EU Fine
The Fine
The European Commission fined Meta €798 million for anti-competitive practices linked to Facebook Marketplace integration.
Implications
This penalty highlights the EU's aggressive stance against monopolistic practices in tech, following actions against other giants like Google and Amazon.
Meta's Response
Meta's appeal signals ongoing tensions between tech giants and European regulators, setting the stage for continued debates around digital marketplace influence.
Shell's Landmark Emissions Ruling

1

2

3

4

1

Court Victory
Shell successfully appealed Dutch emissions reduction mandate

2

Corporate Accountability
Challenges corporate responsibility in climate efforts

3

Legal Implications
Questions legal obligations for emission cuts

4

Global Impact
Potential reassessment of corporate climate obligations worldwide
China's Economic Strategy Amid U.S. Tariff Threats
1
Debt Management
China announced significant fiscal measures to manage local government debt
2
Export Dependency Reduction
Efforts to reduce economic dependency on exports in anticipation of U.S. tariffs
3
Infrastructure Investment
Over $840 billion allocated for infrastructure and growth stimulation
4
Strategic Pivot
Focus on high-tech and sustainable industries to balance domestic demand
Global Market Review
U.S. Markets
S&P 500 and Dow Jones fell 0.60% and 0.47% respectively, influenced by hawkish Fed remarks
European Markets
Euro Stoxx 50 faced pressures due to high inflation and economic stagnation fears
Asian Markets
Shanghai Composite gained slightly, while Japan's Nikkei dipped in anticipation of central bank tightening
Economic Data Analysis
U.S. Labor Market
Weekly jobless claims dropped by 4,000 to 217,000, showing resilience
Producer Price Index
U.S. PPI for October rose 2.4%, higher than expected
Eurozone Production
Industrial production fell 2.0% month-over-month in September
Japan's PPI
3.4% year-over-year rise pressures Bank of Japan towards tightening
Stock Market Outlook

U.S. Equity Market
Cautiously optimistic outlook driven by stable corporate earnings in technology and consumer goods sectors

European Equities
Expected to remain under pressure due to high inflation and impact of U.S. trade policies

Asian Markets
Mixed macroeconomic landscape reflects regional disparities in policy responses
Bond Market Analysis

1

U.S. Bond Market
Potential volatility with 10-year Treasury yield reaching 4.44%

2

Fed's Rate Outlook
Uncertain expectations for dovish rate policy due to inflationary pressures

3

European Bonds
May attract demand if ECB enacts December rate cut

4

U.S. Dollar Impact
Dollar strength could dampen international demand for U.S. debt
Macroeconomic Outlook
Global Inflation
Remains a focal point, with the U.S. poised to manage a controlled inflationary environment
European Economy
May see a period of contraction due to industrial weaknesses and tariff pressures
Japan's Policy
Inflation trajectory suggests policy tightening
China's Strategy
Manufacturing expansion seeks to counterbalance export challenges
Commodities Market Overview
Forex Market Projections

1

2

3

1

U.S. Dollar
Expected to maintain upward trajectory

2

Euro and Yen
Face depreciation risks due to economic factors

3

Chinese Yuan
Limited downward pressures amid domestic growth policies
Conclusion and Investment Advice

1

Monitor Inflation
Keep a close eye on global inflation trends and their impact on markets

2

Consider Currency Fluctuations
Evaluate the implications of currency movements on investments

3

Watch Rate Policies
Stay informed about central bank decisions and their effects on equity and bond markets

4

Diversify Approach
Maintain a diversified portfolio to navigate evolving geopolitical dynamics and fiscal policies