BABA(US:BABA) Feng Huang Wang·2025-11-22 23:36Market Overview - The US stock market is experiencing a challenging November, with a notable decline expected as the month concludes, particularly with the Thanksgiving holiday causing a market closure [1] - Despite a year-to-date increase of 11% in the S&P 500 index, it has fallen over 5% from its historical high at the end of October, while the tech-heavy Nasdaq has seen three consecutive weeks of decline [1] Economic Data and Events - A significant amount of delayed economic data is set to be released in the coming weeks, which may increase market volatility as investors assess economic health and the likelihood of a Federal Reserve rate cut in December [2] - Key economic data to be released next week includes September retail sales and producer price index (PPI) on Tuesday, and September durable goods orders on Wednesday, which were postponed due to a recent government shutdown [2] - The importance of weekly initial jobless claims data may rise next week, especially since the complete October non-farm payroll report will not be released until December 16 [2] Corporate Earnings - The Q3 earnings season for US stocks is nearing its end, with several Chinese companies set to report their quarterly results next week, including Alibaba, which will announce its earnings on Tuesday before the market opens [3] International Developments - The ongoing Russia-Ukraine conflict has reached a critical juncture, with the US presenting a peace proposal that has been met with dissatisfaction from Ukraine and the EU [4] - The deadline for Ukraine to accept the US-supported peace plan is set for November 27, as stated by former President Trump [4] Upcoming Economic Events - A detailed schedule of important economic events includes various indices and reports from the US, Germany, the UK, New Zealand, and South Korea, highlighting the global economic landscape [5]