EUR/USD
1.15463
0.071%
Gold
4080.77
0.071%
Oil
59.651
0.477%
USD/JPY
157.516
0.227%
GBP/USD
1.31194
0.468%
GBP/JPY
206.656
0.709%
Real-time News
The Dow Jones Industrial Average opened 549.65 points higher, or 1.19%, at 46,688.42 on Thursday, November 20; the S&P 500 opened 102.64 points higher, or 1.55%, at 6,744.83; and the Nasdaq Composite opened 474.39 points higher, or 2.10%, at 23,038.62.November 20th - Following a rise in the US unemployment rate in September, the three major US stock indexes opened higher. The Dow Jones Industrial Average rose 500 points, the S&P 500 rose 1.5%, and the Nasdaq Composite rose 2.1%. Nvidia (NVDA.O) rose 4.6% due to its strong Q3 results. Google A (GOOGL.O) rose another 3.7% as its Gemini 3 model set multiple benchmark records.On November 20th, Wasif Latif, President and Chief Investment Officer of Sarmaya Partners, stated that the US September non-farm payroll data significantly exceeded expectations. The market is immediately adjusting accordingly and reassessing the Feds "rate cut tug-of-war." Currently, the "no rate cut" camp has the upper hand, but the battle is not over. There are still uncertainties between now and the Feds December interest rate decision, and this tug-of-war will continue as more data is released. The September data itself was acceptable, but the real key is the October data, as most layoff announcements occur in that month. If the October data is available, it is likely to show a weaker job market than in September, which would significantly push the market towards rate cut expectations. Unfortunately, we do not yet have this information, so we must judge based on the available data.On November 20th, 3SBio (01530.HK) announced in Hong Kong a proposed spin-off and separate listing of its subsidiary, Mandy Semiconductor, on the Main Board of the Hong Kong Stock Exchange. As the listing of Mandy Semiconductor is subject to, among other things, approvals from relevant authorities, the final decision of the Board of Directors and the Mandy Semiconductor Board, market conditions, and other considerations, the proposed spin-off may not materialize. Shareholders and other investors are advised to exercise caution when dealing in the Companys securities.According to Hong Kong Stock Exchange documents, Mandy International has submitted a listing application to the Hong Kong Stock Exchange.
