农银国际证券：每天导读-20241027

Core Insights - The report highlights mixed performance in global stock markets, with the Nasdaq showing an increase while other major indices experienced fluctuations due to corporate earnings announcements and interest rate expectations [4] - The Hang Seng Index and the National Index both saw gains, with the National Index performing particularly well [4] - The report notes significant inflows into the Chinese foreign exchange market, with net settlement surging to $45.4 billion, the highest since December 2021, driven by strong trade inflows [15][20] Market Performance - The Hang Seng Index closed at 20,498.95, up 0.10% for the day and 0.89% over the past five days [1] - The H-share index closed at 7,363.00, reflecting a daily increase of 0.31% and a 5-day increase of 1.17% [1] - The Shanghai Composite Index and Shenzhen Component Index both rose, with the Shenzhen Component showing a larger increase [4] Economic Indicators - The report indicates that the U.S. Richmond Fed Manufacturing Index for October was reported at -14.0%, better than the expected -17% [4] - China's net foreign exchange settlement for September was reported at 321.1 billion yuan, significantly higher than the previous month's 6.5 billion yuan [4][15] - The IMF has downgraded its global economic growth forecast for 2025 to 3.2%, citing risks from trade protectionism and geopolitical tensions [7][8] Corporate News - Starbucks reported its largest quarterly sales decline in four years, leading to concerns about the new CEO's ability to address ongoing challenges [24] - TSMC has temporarily halted electrical work at its Hsinchu facility following a worker's death, cooperating fully with the investigation [24] - The UK government announced a $30 billion loan to Ukraine for military equipment, funded by profits from frozen Russian assets [12][13]