According to BlockBeats news on November 25, monitoring from 4E showed that last Friday, the three major US stock indices collectively closed higher, with the Dow Jones rising nearly 1%, reaching a historic high, the S&P 500 index rising 0.35%, marking five consecutive days of increases, and the Nasdaq rising 0.16%. From a weekly perspective, the Dow Jones gained a total of 2%, while the S&P 500 and Nasdaq rose 1.7%. As the 'Trump Cabinet 2.0' gradually takes shape, the market is generally optimistic about the implementation of Trump's tax cuts and deregulation policies.
Cryptocurrencies showed an upward trend last week, with market sentiment index remaining in the greed phase, indicating investors' optimistic expectations for future price movements. As BTC continued to hit new highs approaching $100,000, market activity increased significantly, with altcoins generally experiencing substantial gains following the market trend, while the popularity of meme projects decreased last week.
In the foreign exchange bulk market, last week the US dollar index rose nearly 1% to surpass the 108 mark and touched a two-year high. The bleak economic outlook for the Eurozone depressed oil demand expectations, but due to the escalation of tensions between Russia and Ukraine, oil prices rose about 6% last week, marking the best performance in two months. Recent movements in gold have been supported by strong safe-haven sentiment and the reduction of expectations for a Federal Reserve interest rate cut in December, with gold prices rising for five consecutive days last Friday, and a weekly increase of 5.7% marking the largest weekly gain in nearly two years.
After Trump won the presidential election, the Federal Reserve's stance on interest rate cuts became increasingly cautious. Last week, a series of hawkish statements from Federal Reserve officials cast a shadow over the highly anticipated prospect of a December interest rate cut. The minutes from the Federal Reserve's November meeting and the Fed's preferred inflation indicator, the PCE price index, will be released on Tuesday and Wednesday local time this week, which may stir market waves. Currently, investors expect the likelihood of a Federal Reserve rate cut in December to be slightly above 50%.
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 financial product with an annualized return of 5.5%, providing investors with a potential safe-haven option. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.
