Futu Morning Brief | The U.S. removes certain agricultural products from the 'reciprocal tariff' list; several Fed officials adopt a hawkish stance; Buffett’s last holdings report before 'retirement': selling Apple, buying Google; XPeng Motors and Geely A

Key News: The U.S. government has removed certain agricultural products from the 'reciprocal tariff' list. The White House announced that President Trump signed a new executive order further adjusting the scope of application for 'reciprocal tariffs,' excluding certain agricultural products from the additional tariffs previously imposed under the 'Reciprocal Tariff Executive Order.' The executive order states that, based on assessments of domestic product demand and production capacity, as well as the latest recommendations from government agencies, Trump deemed it necessary to revise the tariff list to address the 'national emergency' declared in the 'Reciprocal Tariff Executive Order.' The updated tariff exemption list and potential adjustments for 'allied partners' will take effect starting from the U.S.

Futu News19minutes ago

U.S. Treasury Bulls Hold Their Breath Ahead of 'Data Wave' as Rate-Cut Expectations Clash with Uncertainty

Bond traders are holding their breath awaiting a flurry of upcoming data releases, which will further solidify market expectations regarding the pace of the Federal Reserve's future interest rate cuts.

Zhitong Finance27minutes ago

The Federal Reserve’s resumption of balance sheet expansion is not far off—could it be announced as early as December?

Following strong signals from Fed officials regarding balance sheet expansion, Citi predicts that the Federal Reserve may announce as early as December and implement a new round of Treasury bond purchases in January to ease pressures in the funding market.

wallstreetcn07:14

"Missing data" disrupts rate cut plans, Goldman Sachs: Originally expected "a rate cut in December and a pause in January," now uncertain.

The persistent absence of key U.S. economic data has forced the market to reassess the prospects of a Federal Reserve interest rate cut in December, with current market pricing indicating that the probability of a rate cut has fallen below 50%. Goldman Sachs noted that the data vacuum significantly disrupts the policy trajectory, and its originally anticipated rhythm of 'a rate cut in December, followed by a pause in January' now faces considerable uncertainty. Meanwhile, downside risks in the labor market are increasing, and the widespread adoption of AI technology is complicating employment and inflation modeling, further amplifying the complexity of policymaking.

wallstreetcnNov 16 19:14

Document reveals: Since late August, Trump has purchased at least $82 million worth of bonds.

① Between late August and early October, U.S. President Donald Trump purchased at least $82 million worth of corporate and municipal bonds; ② Trump's new investments span multiple sectors, including chip manufacturers, retailers, and Wall Street banks, some of which have benefited from policy changes implemented by his administration; ③ Previously disclosed documents show that since assuming the presidency, Trump has purchased more than $100 million worth of bonds.

cls.cnNov 16 18:31

Weekly Outlook | Global Attention! NVIDIA's Earnings Set to Impress, with Xiaomi, PDD Holdings and Others Reporting in Turn; September Nonfarm Payroll Data to be Released First

The Federal Reserve will release the minutes of its monetary policy meeting, and several Fed officials will make speeches; Microsoft Ignite 2025 Technology Conference will be held from November 18 to 21.

Futu NewsNov 16 18:02