CoinVoice recently learned that the U.S. Department of Commerce announced yesterday that retail sales in September grew by 0.4% month-on-month, exceeding expectations, highlighting that U.S. consumer spending remains resilient and continues to provide a strong driving force for the U.S. economy. The recent series of solid economic data has reinforced the market's expectation of a 25 basis point rate cut.

According to 4E monitoring, after the data was released, the US stock market opened high and fell. The S&P hit a new intraday high and then turned down. The Nasdaq also nearly wiped out the initial gains, but the Dow hit a new intraday and closing high and rose for two consecutive days. As of the close, the S&P 500 fell 0.02%, the Nasdaq rose 0.04%, and the Dow rose 0.37%; the crypto market fluctuated slightly with the US stock market. As of press time, Bitcoin was at 67,972, up 0.8%, and Ethereum was at 2,632, up 0.43%.

In terms of foreign exchange commodities, positive economic data pushed the U.S. dollar index to an 11-week high, with a cumulative rebound of 3.34% since October. The European Central Bank cut interest rates as expected on Thursday, causing the euro to fall for four consecutive days to an 11-week low. The unexpected decrease in U.S. EIA crude oil inventories last week suggested solid demand, causing international oil prices to rise by about 0.40%, ending a four-day decline and breaking away from a two-week low. Spot gold benefited from the uncertainty of the U.S. election and expectations of more monetary policy easing, approaching $2,700 to set a new record high, and has risen by more than 30% this year.

According to the recently released data, the latest retail sales continued to grow, the non-farm payrolls data exceeded expectations, the unemployment rate was stronger than expected, and the number of initial unemployment claims has been cooling in recent weeks. In addition, the US inflation continued to steadily decline and the long-term GDP growth rate was revised upward beyond expectations. This provides strong support for the logic of the "soft landing" of the US economy. At the same time, the global new round of interest rate cuts has accelerated, which has greatly improved the sentiment of the financial market and generally increased investors' risk appetite. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. It recently launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably. [Original link]