November 28, investors need to focus on the U.S. stock market financial highlights as follows:
- U.S. stock index futures fell slightly. So far, Dow futures have fallen 0.01%, S & P 500 futures have fallen 0.11%, and Nasdaq 100 futures have fallen 0.14%.
- Most European stock markets fell, with Germany’s DAX index down 0.14%, France’s CAC index down 0.57%, and Britain’s FTSE index down 0.38%.
- Deutsche Bank expects the United States to enter a mild recession in the first half of next year; it expects the Fed to cut interest rates by 175 basis points in 2024, larger than market expectations; and the Fed will cut interest rates by 50 basis points for the first time at its June 2024 meeting.
- EU countries and EU parliamentarians are currently working on the final details of the AI Bill, with the goal of reaching an agreement on December 6; if formally approved, the draft will become the world’s first AI regulation.
- Cybersecurity agencies in 18 countries, including the United States and the United Kingdom, have published an international agreement that unanimously recognizes that companies need to ensure the safety of consumers and the general public when designing and using AI systems.
- Barclays wants to terminate relationships with 2500 clients in its investment banking division as part of a strategic realignment; its valuation is already among the lowest among major banks in the world, and Barclays executives have held several meetings this year to discuss strategic restructuring options.
- Investment bank Bernstein said BYD’s share price will rise 60% in the future, and in the long run, BYD’s valuation will converge with Tesla.
- Novo Nordisk fell nearly 2% before trading. Truveta Research, a research organization in the medical and health field, released a report saying that taking Lilly telpotide was better than taking Novo Nordisk semeglutide.
- Tesla announced that Tesla’s full-scene charging network in the mainland of China will be upgraded, and more non-Tesla vehicles will be supported by home charging product series, destination charging station and super charging station.
Apple’s supply chain has begun preparing production plans for the second generation Vision Pro VR glasses. The second-generation Vision Pro will begin prototyping in the second quarter of 2024, and according to the schedule, it is expected to be available as soon as the second half of 2025. - Volkswagen passenger car brand CEO Wentao Shi said that due to high costs and low productivity, the company’s original brand “is no longer competitive.” VW is negotiating with union representatives about planned job cuts.
- Reddit is holding a new round of talks with investors about potential U.S. IPOs, with some investors considering an IPO as early as the first quarter of 2024.
- The pre-market increase of U.S. stocks expanded to more than 15%, and the revenue and net profit of the third quarter exceeded market expectations.