Last Friday, the US September non-farm payrolls data exceeded expectations by 254,000, and the unemployment rate dropped to 4.1%, indicating a healthy economy. Affected by this, US stocks collectively opened higher and closed higher on Friday, with the S&P 500 up 0.90%, the Nasdaq up 1.22%, and the Dow up 0.81%. The crypto market also followed the rise of US stocks, with Bitcoin returning to $63,000, narrowing its weekly decline to 1.03%, and Ethereum at $2,507, narrowing its weekly decline to 4.18%.

In the foreign exchange market, the US dollar index rose for five consecutive days this week, hitting a seven-week high, and non-US currencies fell across the board. The solid employment data eliminated the Fed's expectations of a sharp interest rate cut in November, the US dollar and US Treasury yields rebounded, and gold prices continued to be under pressure, with spot gold falling 0.5% for the whole week.

This week, the market focus is on the minutes of the Federal Reserve meeting, the US inflation data in September, and the financial reports of large banks, which will provide important economic clues. In addition, the development of the situation in the Middle East also needs attention. 4E reminds investors to pay attention to market volatility risks and allocate assets reasonably.