September storm begins, global focus on China

Today, the world's attention is focused on China, and Asian stock markets cautiously opened this month's historic turmoil. September trading officially kicked off, and this month has been the most volatile in global markets. This September is particularly special, as the Fed's interest rate cut cycle begins, and Trump and Harris' first televised debate also took place this month. This week is crucial:

Key data release: This week will release the US August ISM manufacturing PMI and August non-farm data. A month ago, these two sets of data performed poorly, triggering market recession concerns and leading to a global stock market crash. Economists expect August data to improve, and if it meets or exceeds expectations, the probability of the Fed cutting interest rates by 50 basis points in September will decrease. Good news should be positive for risky assets, and a better-than-expected employment report may boost stocks and the US dollar. If there is no emergency rate cut, further evidence of a soft landing of the US economy will provide a paradise-like background for risky assets. But if the data is weak, even if the expectation of a 50 basis point rate cut is locked in, it will be regarded as a major negative by the market. Spot contract Junyang👉@点这里 加密乘风

Performance in the first week of September: As the first week of September, its performance will have a profound impact on investor sentiment. Monday is the Labor Day holiday in the United States. It is expected that the real volatility will start from Tuesday, and the market may speculate on non-agricultural data in advance. On Monday, global traders will focus on China: pay attention to China's official manufacturing PMI data, the irrational rise of the RMB, the setting of the central bank's exchange rate midpoint, and whether the A-share rally can continue.

Speech by Federal Reserve officials: New York Fed President Williams is an official worth paying attention to after the non-agricultural data. He will speak 15 minutes after the release of the non-agricultural data. Fed Governor Waller may release a signal of a 25 basis point interest rate cut, which will be the last voice before the Fed meeting. The first 25 basis point interest rate cut may be the move the Fed really wants to take.

This week's market ups and downs are directional and may not be a "one-day market." #Telegram创始人获保释 #英伟达财报 #OpenSea收到韦尔斯通知 #以太坊基金会 #新币挖矿DOGS