Global news you need to know before the U.S. stock market opens on Wednesday

Wallstreetcn
2024.11.20 14:00

KUAISHOU's Q3 revenue increased by 11% year-on-year to 31.1 billion yuan, with user scale reaching a historical high.
NIO's Q3 revenue grew by 7.0% quarter-on-quarter, with Q4 delivery and revenue guidance hitting a historical high.
UK inflation rose in October, surpassing the Bank of England's 2% target level, leading traders to cut interest rate cut bets.
Eurozone wage growth accelerated to 5.4%, testing the European Central Bank's resolve to cut interest rates.
European Central Bank: Trade tensions exacerbate risks facing the financial system.
Bridgewater co-CIO: Trump may choose a Federal Reserve chair who can "tolerate" high inflation and allow for interest rate cuts.
According to Nikkei News, the Japanese government plans to invest an additional 200 billion yen in FY2025 to support the manufacturing of advanced semiconductors by Rapidus.
Target's U.S. stock fell over 20% in pre-market trading, as the company's Q3 financial report fell short of expectations and lowered its full-year profit guidance.
According to Bloomberg, Ford plans to cut 4,000 jobs in Europe by the end of 2027.
Waiting for NVIDIA's earnings report! Most popular Chinese concept stocks rose in pre-market trading, the dollar stopped falling and rebounded, and Bitcoin broke $94,000.
The Nikkei 225 index closed down 0.2%, the Shanghai Composite Index closed up 0.66%, and the Hang Seng Index closed up 0.21%.
Reminder: At 01:15 the next day, Federal Reserve Governor Bowman will speak; after U.S. stock market hours, NVIDIA will release its earnings report