【4E: U.S. stocks plunge, Bitcoin rises nearly 10% in October, market focuses on tonight's October non-farm payroll data】On November 1, according to 4E monitoring, local time on Thursday, U.S. stocks opened lower and the decline expanded, with tech stocks, chip stocks, and AI concept stocks collectively plummeting. Despite the strong revenue and profit of the "tech seven sisters," the market was disappointed with their earnings guidance considering the current stock prices and valuation levels, leading to a broad sell-off. The Nasdaq fell sharply, closing down 2.76%, marking the largest decline in nearly two months, with an overall drop of 0.52% in October, ending a two-month rising streak; the Dow fell 0.90%, with an October cumulative drop of 1.34%, halting a five-month rising streak; the S&P fell 1.86%, with an October cumulative drop of 0.99%, also ending a five-month rising streak. The cryptocurrency market was collectively affected by the decline in U.S. stocks. As of the time of writing, Bitcoin fell below the $70,000 mark, trading at $69,851, down 3.18%, with a nearly 10% increase in October due to heightened trading interest from Trump, while Ethereum fell 5.1%, trading at $2,516, with a cumulative drop of 4.28% in October. The U.S. dollar index fell below 104 on Thursday, closing down 0.2%, but with a cumulative increase of about 3.1% in October. The dovish remarks from the Bank of Japan weakened, causing the yen to rise 1%, with a cumulative increase of 5.86% in October. The inflation in the Eurozone accelerated beyond expectations in October, strengthening the rationale for the European Central Bank to be cautious about interest rate cuts. The euro strengthened, rising 0.26%, but with a cumulative drop of 2.25% in October. The British pound fell 0.51% against the U.S. dollar, with a cumulative drop of 3.55% in October. International crude oil continued its upward trend due to the possibility of escalating tensions in the Middle East, with WTI crude oil rising over 2% at one point, and Brent oil closing up 1.87%, with a cumulative increase of about 2.38% in October. Safe-haven demand ahead of the U.S. presidential election drove gold prices to rise for four consecutive months, continuously reaching new highs, with spot gold having a cumulative increase of about 4.2% in October. The latest data shows that the U.S. PCE inflation for September rose 2.1% year-on-year, in line with expectations. The market is focusing on tonight's October U.S. non-farm payroll report. Currently, the market generally expects a significant slowdown in October's new non-farm employment due to temporary unemployment caused by hurricanes and strikes. It is worth mentioning that when the employment report is released this Friday, there will be only four days left until the U.S. presidential election. If the data is extremely weak, it may impact the election and exacerbate market volatility. eeee.com is a financial trading platform supporting assets such as cryptocurrencies, stock indices, precious gold, and foreign exchange. Recently, it launched a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential safe-haven options. 4E reminds you to be aware of market volatility risks and to allocate assets reasonably.

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