In the early morning of today, the Federal Reserve released a heavy signal.
The latest minutes of the Federal Reserve meeting have become the focus of market attention. In the early morning of October 10, Beijing time, the Federal Reserve released the minutes of the September interest rate meeting, which showed that there were major differences within the Federal Reserve regarding the sharp interest rate cut of 50 basis points in September. The minutes of the meeting showed that the Federal Reserve's monetary decision-making has no preset route, which depends on economic development, the impact of economic prospects, and the balance of employment and inflation risks.
Analysts pointed out that the latest minutes mainly show the differences among Federal Reserve officials on the 50 basis point interest rate cut in September, but did not undermine the overall tone of the interest rate cut cycle, which may be good news for the stock market.
Affected by this, the three major U.S. stock indexes closed higher across the board, with the S&P 500 index up 0.71%, setting a new record high again; the Dow Jones Industrial Average rose by more than 1%, and the Nasdaq rose by 0.6%. Chinese stocks also rebounded sharply during the session. The Nasdaq China Golden Dragon Index fell more than 3.7% at the beginning of the session. As of the close, the decline narrowed to 1.29%. FTSE China A50 Index futures closed up 2.87% in the night session.
