Zhitong Decision Reference | This week's three major events are pending, and large funds are still observing

This week, the market is focused on three major events: the meeting of the Standing Committee of the National People's Congress, the results of the U.S. presidential election, and the Federal Reserve's interest rate meeting. Capital remains cautious before these events materialize, with the Hang Seng Index adjusting for four weeks. The U.S. non-farm payroll data for October fell short of expectations, leading to a rise in the probability of a Federal Reserve rate cut to 99.7%. It is expected that the new round of debt replacement will reach a scale of 6 trillion to 10 trillion yuan, allowing local governments to restart the issuance of replacement bonds. Attention is also on the EU's anti-subsidy case for electric vehicles and the progress of negotiations for innovative drug medical insurance