BlockBeats news, October 17, according to 4E monitoring, on Wednesday, the three major U.S. stock indexes rose, the S&P 500 rose 0.47%, the Dow Jones Industrial Average rose 0.79% to a new high, and the Nasdaq, which is dominated by technology stocks, rose 0.28% due to concerns about ASML's performance explosion, and AI concept stocks rose and fell. Nvidia closed up 3.13%, close to the highest. The sentiment in the encryption market continued to rise. Bitcoin fell slightly after breaking through $68,000 for the first time since July. As of press time, Bitcoin rose 0.26% to $67,520, and Ethereum fell 0.15% to $2,622.
In terms of bulk foreign exchange, the rekindled "Trump deal" pushed the US dollar index up more than 0.2% to a ten-week high. The yen has continued to fall recently. The weak inflation data in Europe and the UK boosted the expectations of interest rate cuts by the Bank of England in November and the European Central Bank on Thursday. The pound fell to its lowest level in two months and the euro fell to its lowest level in ten weeks. Concerns about oil supply disruptions in the Middle East eased, and oil prices continued to fall, giving up most of the gains after Iran launched a ballistic missile at Israel at the beginning of the month. Expectations for interest rate cuts by global central banks have increased, supporting spot gold to rise more than 0.4% on Wednesday, approaching a record high.
Expectations for small interest rate cuts by major central banks around the world have all increased. Traders currently expect the Federal Reserve to cut interest rates by 25 basis points in November with a probability of about 94%. The market is paying attention to the September retail sales data released on Thursday for clues to interest rate cuts.
4E is a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange and other assets. It recently launched a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.
