BlockBeats news, dated November 25, reported that 4E monitoring showed that the three major U.S. stock indexes closed higher last Friday. The Dow Jones Industrial Average rose nearly 1%, reaching a record high. The S&P 500 rose 0.35%, and the Nasdaq rose 0.16%. Over the week, the Dow Jones Industrial Average rose 2%, while the S&P 500 Index and the Nasdaq Composite Index rose 1.7%.
The market outlook is positive for the implementation of Trump’s tax cuts and deregulation policies. Cryptocurrencies have shown an upward trend over the last week, with the market sentiment index remaining in the greed phase. As BTC continues to reach new highs approaching US$100,000, market activity has increased significantly.
Altcoins generally have a larger increase following the market trend, and the Meme project has declined in popularity. In terms of foreign exchange commodities, the U.S. dollar index rose nearly 1% last week, reaching the 108 mark and hitting its highest level in two years. The Eurozone’s bleak economic outlook has depressed oil demand expectations.
However, affected by the escalation of tensions between Russia and Ukraine, oil prices rose by about 6% last week, the best in two months. Gold’s recent trend has been supported by strong risk aversion and the reduction in expectations for an interest rate cut by the Federal Reserve in December. Gold prices rose for five consecutive days last week, rising 5.7% weekly, marking the largest weekly increase in the past two years.
After Trump won the presidential election, the Federal Reserve became increasingly cautious about cutting interest rates. A series of “hawkish” statements by Federal Reserve officials last week cast a shadow on the closely watched prospect of a rate cut by the Federal Reserve in December. The minutes of the Federal Reserve’s November meeting and the PCE price index, the Fed’s favorite inflation indicator, will be released on Tuesday and Wednesday, local time, and may cause market ripples.
Investors currently expect the probability of the Federal Reserve to cut interest rates in December to be slightly higher than 50%. 4E is a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange, and other assets. It recently launched a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential hedging options.
4E reminds investors to pay attention to market fluctuation risks and allocate assets reasonably.
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<p>The post BlockBeats: U.S. Stock Indexes Rise, Crypto Market Bullish, Gold Shines Amid Economic Uncertainty. first appeared on CoinBuzzFeed.</p>
