Market Overview - A-shares collectively rose on Friday, with the Shanghai Composite Index up 0.34% to 3,888 points, while the Shenzhen Component Index increased by 0.85%[14] - The Hang Seng Index and the Hang Seng China Enterprises Index fell by 0.34% and 0.38%, respectively, indicating a mixed performance in the Hong Kong market[9] - European markets closed higher, with the Stoxx 600 index rising by 0.25%[8] Economic Indicators - China's manufacturing PMI for November was reported at 49.2, a slight increase of 0.2 from the previous month, while the non-manufacturing PMI fell to 49.5, down 0.6[5] - The manufacturing PMI is 1.2 points lower than the five-year average, indicating weaker manufacturing conditions compared to October[5] Commodity and Forex Market - International oil prices saw a slight decline, with NY crude oil down 0.17% to $58.55 per barrel, while gold prices rose by 1.25% to $4,254.9 per ounce[26] - The USD/CNY exchange rate appreciated slightly, closing at 7.074, with expectations for the yuan to strengthen to 6.8 in the coming year due to narrowing interest rate differentials and increased corporate settlements[26] Stock Performance - In the U.S. market, the Dow Jones Industrial Average closed at 47,716.4, up 0.6%, while the S&P 500 and Nasdaq rose by 0.5% and 0.7%, respectively[7] - The S&P Mexico IPC index increased by 1.44% to 63,596.8, with healthcare leading the sectors with a 2.96% rise[8] Sector Analysis - In the A-share market, the computing power sector continued to perform well, with stocks like Nanjing Light and New Energy rising by 20%[15] - The insurance and coal sectors faced declines, contributing to a mixed performance across various sectors[9]
内地增量政策对内需提振有待显现：环球市场动态2025年12月1日
citic securities·2025-12-01 02:26