On Thursday, the U.S. stock market continued to rise, and the European Central Bank also announced another 25 basis point interest rate cut to further ease monetary policy.

In the early morning of the 13th Beijing time, the three major U.S. stock indexes all recorded gains, with technology stocks leading the gains. Specifically, the Dow Jones Industrial Average rose 235.06 points, an increase of 0.58%; the Nasdaq Composite Index rose 174.15 points, an increase of 1%; and the S&P 500 rose 41.43 points, an increase of 0.75%.

In the cryptocurrency market, major currencies also ushered in a full-line rebound. The price of Bitcoin broke through the $58,000 mark, with the latest quotation at $58,113, an increase of 1.07%. The price of Ethereum also rose to $2,356, an increase of 1.45%.

In addition, the latest economic data released by the U.S. Department of Labor showed that the U.S. Producer Price Index (PPI) in August rose 0.2% year-on-year, in line with economists' expectations. The release of this data has led the market to generally expect the Federal Reserve to take interest rate cuts at its meeting next week.