1. JAC: Signed the "Smart New Energy Vehicle Cooperation Agreement" with Huawei Terminal
Any announcement is here without three hundred taels of silver, Huawei and Changan Automobile, King Long Automobile have signed a relevant cooperation agreement, and have signed a cooperation agreement with JAC Automobile, which Huawei Automobile is to invest in the whole industry chain of new energy vehicles, which has a significant benefit to the expansion of the industrial chain and market expansion of both sides. It is expected that JAC may usher in a price limit on Monday.
2. SAIC Motor sold more than 150,000 new energy vehicles in November, ranking second among Chinese automakers and hitting a record high. For the whole of this year, SAIC Motor's new energy vehicle sales will achieve positive growth.
SAIC is one of the symbols of Shanghai's heavy industry, but its stock price is not very bright in the automotive industry, giving investors no great sense of accomplishment and has been stagnant. JAC, Changan Automobile and Huawei have cooperated together, I wonder if SAIC and Huawei can hold hands with each other to create a better future.
3. Powell is not tough enough to detonate**: a record high Spot gold prices are also approaching highs.
Spot **, both significantly higher. Spot** reached an intraday high of 2,075 per ounce$83, from this year's record high of 2081$95 is only one step away, and the spot ** on the weekly line has risen by more than 3%, and the weekly line has been three consecutive positives. The NYSE February 2024 futures price closed at 2089 per ounce$7, the intraday high touched 2095$70 refreshed its all-time high.
It will be good for the domestic industry chain, and it is expected that next week will usher in a wave of related, but because the overall market is in an overbought state, we should also beware of peaking and falling. **The main reason for this is the US dollar index and US Treasury yields**, and the decline in these two indices is due to Powell's lack of hawkishness on future interest rate hikes and the possibility of a rate cut in March next year. **Traders expect the Fed's policy rate to be below 4% by the end of 2024.
Fourth, the offshore yuan against the US dollar compared with the end of Thursday New York **217 points, a large continuous ** trend formed.
The offshore yuan is trading at 7 against the dollar1242 yuan, the overall intraday trading at 71558-7.1237 yuan range; This week's cumulative ** is about 248 points, and the trading range is 71668-7.1126 yuan.
The offshore renminbi is currently in a downward trend against the US dollar, which is positive for A-shares. Due to the appreciation of the offshore renminbi against the US dollar, more monetary funds will flow back to China, promote the development of domestic A-shares and the real economy, and help A-shares maintain a prosperous state.