ChainCatcher message, according to 4E monitoring, last Friday the three major U.S. stock indices collectively closed higher, with the Dow Jones rising nearly 1%, hitting a record high, the S&P 500 index rising 0.35%, marking five consecutive trading days of gains, and the Nasdaq rising 0.16%. From a weekly performance perspective, the Dow Jones rose a total of 2%, while the S&P 500 index and Nasdaq rose by 1.7%. As the 'Trump Cabinet 2.0' gradually takes shape, the market is generally optimistic about the implementation of Trump's tax cuts and deregulation policies.
Cryptocurrencies showed an upward trend last week, with the market sentiment index remaining in the greed phase, indicating investors' optimistic expectations for future price trends. As BTC continuously hits new highs approaching $100,000, market activity has significantly increased, and altcoins generally saw substantial gains following the overall market trend, while the popularity of Meme projects decreased last week.
In the foreign exchange major commodities, the U.S. dollar index rose nearly 1% last week, surpassing the 108 mark and reaching a two-year high. The bleak economic outlook for the Eurozone suppressed oil demand expectations, but due to the escalation of tensions between Russia and Ukraine, oil prices rose approximately 6% last week, marking the best performance in two months. The recent trend of gold has benefited from strong support from risk-averse sentiment and the reduced expectations for a rate cut by the Federal Reserve in December, with gold prices rising for five consecutive days last week, totaling a 5.7% gain, the largest weekly increase in nearly two years.
After Trump won the presidential election, the Federal Reserve's stance on interest rate cuts has become increasingly cautious. Last week, a series of hawkish comments from Federal Reserve officials cast a shadow over the much-watched prospects for a December rate cut. The minutes from the Federal Reserve's November meeting and the Fed's preferred inflation indicator, the PCE price index, will be released sequentially this Tuesday and Wednesday local time, potentially stirring market waves. Currently, investors estimate the likelihood of a Federal Reserve rate cut in December to be slightly above 50%. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, major gold, and foreign exchange, recently launching a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential risk-averse options. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.
