đThis week, the global investment market was in turmoil, with China's stimulus measures and the Fed's rate cut becoming the main drivers! đ
This week, the risk asset market was in jubilation, driven by the economic stimulus measures launched by the People's Bank of China and the Fed's 50 basis point rate cut.
In Japan, the new Prime Minister Shigeru Ishiba's criticism of the ultra-loose monetary policy has given the market new expectations for the Bank of Japan's low interest rate stance, and has also added a touch of color to the global financial landscape.
The US core personal consumption expenditure index (PCE) in August was 0.1%, lower than the expected 0.2%. This has fueled the market's expectations of a 50 basis point rate cut at the next FOMC meeting. The current probability of November is 53.3%, while the probability of a 25 basis point rate cut is 46.7%.
After the above inflation index data were released, the Dow Jones Index soared, climbing 137.89 points to $42,313.01, setting a record high!
Next week, all eyes will be on the upcoming labor market indicators, including JOLT, ADP, and the US unemployment rate. If these indicators perform strongly, the case for a 50 basis point rate cut in November will be more compelling, which may further drive risk assets up.
Meanwhile, the cryptocurrency market is not to be outdone. SosoValue data shows that BTC ETFs have seen a sharp increase in inflows this week, reaching $494 million at the close of Friday. Although ETH ETFs have not seen much inflows, they have also rebounded at the close of Friday, with inflows of $58.65 million. ETH's implied volatility is still 7.74% higher than BTC, but the ETH/BTC exchange rate remains stable above the 0.04 mark.
đ§ View:
Although risk assets have had a strong start in the fourth quarter, there is reason to be optimistic about the next quarter. View expects that the market's upside potential will be further released, especially those areas with high return potential are worthy of our close attention and investment.
đ What do you think of this wave of gains in global markets? Can the Fedâs rate cuts and Chinaâs stimulus measures continue to drive the market higher? Can the cryptocurrency market continue to follow this trend? Leave your views in the comments!
