FL2 CSOP HSCEI

Changes in the prices of Hang Seng Index and China Enterprises Index Futures in night session

Monthly Index Futures Trading Conditions

Futures Contracts Close Lower

Immediate Index Futures and Others Open Below Water

Monthly Futures Last Trading Conditions

Market Performance of HSIF and HSI Futures in Night Session

Settlement and Trading of Hang Seng Index Futures

Immediate Futures Open Below Spot Prices

Opening Quotes of IMM Hang Seng Index Futures, HSI Tech Index Futures, and HSI Mainland China Enterprises Index Futures

Last Trading Prices and Water Levels of Index Futures

Night Session Trading Quotes for Hang Seng Index Futures and H-Shares Index Futures

Futures Indexes Open Lower

Opening of Hang Seng Index, HSCEI and SSE 50 Futures

Final Trading Prices and Trading Volumes of November Hang Seng Index Futures, China Enterprises Index Futures, and HKEX Tech Index Futures

Monthly Futures Contracts Prices Decline at Closing

Opening Quotes of Hang Seng Index Futures, HSI Tech Index Futures, and CSI 300 Index Futures

Singapore Black Futures and HK ADR Index Decline

Final Trading Prices of Main Index Futures Decline

Monthly Futures Indexes Trading Conditions

Final Trading Price and Volume of Hang Seng Index Futures, China Enterprises Index Futures, and HKEX Tech Index Futures

CMON

CHINAENERGY RTS

CHINA NEW HLDGS

CHI KINGSTONE

BHCC HOLDING

ST HLDGS

SHEUNG YUE GP

CENTURY GINWA

ADTIGER CORP

SHUOAO INTL

Despite a better-than-expected job market update from the U.S., expectations for a Fed rate cut in December remain strong. Initial Jobless Claims decreased to 191,000, beating market expectations. Wall Street Futures and European benchmarks are up, while Asian markets closed mostly positive. The Dollar Index is flat, and ten-year bond yields have mostly risen. Crude oil prices increased, gold prices declined, and cryptocurrencies extended gains.

rttnews

Rate Cut Bets Strong Despite Strong Jobs Data

The Federal Reserve's anticipated rate cuts in 2025 are expected to impact borrowing costs, deposit yields, and lending strategies across banks and fintech. Despite signals of easing, market pricing is slow to adjust, affecting bank margins and deposit rates. Mortgage rates have slightly decreased, but affordability remains strained. Fintech lenders are selectively lowering APRs, while small-business lending remains tight. The Fed's decisions and future guidance will influence pricing adjustments into 2026.

Forbes

Fed 2025 Rate Cuts: Impact On Banks And Fintech

Economist Mohamed El-Erian criticizes the Federal Reserve for policy missteps and internal dysfunction, calling for sweeping reforms. He stresses the need for broader reforms beyond short-term decisions like rate cuts. El-Erian highlights Cleveland Fed President Loretta Mester's admission of mistakes within the central bank, indicating internal acknowledgment of necessary changes to improve forecasting and operations. His comments were made on CNBC's "Squawk Box."

Unusual Whales

Economist Mohamed El-Erian criticizes Federal Reserve for policy missteps and internal dysfunction, calls for sweeping reforms. Fed's credibility at risk.

Anne Walsh, CIO of Guggenheim Partners Investment Management, believes the U.S. economy is slowing but current GDP aligns with historical growth trends. She suggests the Fed has room to cut rates in December and anticipates further rate cuts in 2026, moving to neutral.

Guggenheim CIO thinks Fed has room to cut rates in December

The Federal Reserve has started to recover from a period of losses due to its pandemic-era bond purchases. Recent data shows a reduction in the Fed's deferred asset, indicating a return to profitability. This change is attributed to rate cuts, which have reduced payouts to banks. The Fed's deferred asset, which represents losses that must be covered before profits can be returned to the Treasury, has decreased slightly. Analysts expect the Fed's profits to exceed $2 billion this quarter, marking a shift from its loss-making trend.

- The Federal Reserve has begun to reduce its deferred asset, indicating a potential return to profitability after three years of losses linked to pandemic monetary policy.  
- Since November 5, the deferred asset decreased from $243.8 billion to $243.2 billion, suggesting a shift in a long-term trend, with expectations of over $2 billion in profits for the current quarter.  
- Rate cuts have helped the Fed minimize payouts to banks, halting losses and allowing for a gradual recovery, although the timeline for fully covering the deferred asset remains uncertain.

Reuters

Fed data suggests central bank has stopped losing money