According to BlockBeats, on October 17, according to 4E monitoring, the three major U.S. stock indexes rose on Wednesday, with the S&P 500 up 0.47% and the Dow Jones Industrial Average up 0.79% to a new high. Affected by ASML's performance concerns, the Nasdaq, which is dominated by technology stocks, rose 0.28% and ranked behind. AI concept stocks rose and fell, and Nvidia closed up 3.13%, close to the highest. The crypto market sentiment continued to rise. Bitcoin fell slightly after breaking through $68,000 for the first time since July. As of press time, Bitcoin rose 0.26% to $67,520, and Ethereum fell 0.15% to $2,622.

In terms of bulk foreign exchange, the rekindled "Trump deal" pushed the US dollar index up more than 0.2% to a ten-week high. The yen continued to fall recently. The weaker inflation data in Europe and the UK boosted expectations for interest rate cuts by the Bank of England in November and the European Central Bank on Thursday. The pound fell to its lowest level in two months and the euro fell to its lowest level in ten weeks. Concerns about oil supply disruptions in the Middle East eased, and oil prices continued to fall, giving up most of the gains after Iran launched a ballistic missile at Israel at the beginning of the month. Expectations for global central bank rate cuts increased, supporting spot gold to rise more than 0.4% on Wednesday, approaching an all-time high.

Expectations for small rate cuts from major central banks around the world have increased, with traders currently pricing in about a 94% chance that the Federal Reserve will cut rates by 25 basis points in November, with markets eyeing September retail sales data to be released on Thursday for clues on rate cuts.

4E is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets. It recently launched a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.