US-China Relations: U.S. Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng are meeting for a second day in San Francisco on Friday, ahead of an expected summit between Joe Biden and Xi Jinping as part of the Asia-Pacific Economic Cooperation Forum that begins Saturday and runs through November 17th.
Economic indicators: China’s central bank is expected to release new November renminbi lending figures, a measure of credit demand, on Friday.
Merits: Japanese multinational tire maker Bridgestone will report its third-quarter results on Friday.
Markets: Japanese stocks fell and Hong Kong futures pointed lower on Friday morning. U.S. stocks ended an eight-session winning streak on Thursday after Federal Reserve Chairman Jay Powell warned against being “misled” by good price data and said the mission to get inflation back to 2 -percent target of the US Federal Reserve is still “a long way to go”. go”.
China’s Singles Day: The country’s largest annual shopping festival comes to an end on Saturday. E-commerce sites like Alibaba and JD.com are slashing prices to attract consumers.
Diwali: The annual “Festival of Lights” is celebrated on Sunday by Hindus across India, across Asia and the world.