Market activity has increased significantly. This week, focus on the core PCE price index and the Federal Reserve meeting minutes.
On November 25th, according to 4E monitoring, the three major U.S. stock indexes collectively rose last Friday, with the Dow rising nearly 1%, hitting a historic high, the S&P 500 rising 0.35%, and rising for five consecutive trading days, and the Nasdaq rising 0.16%. Looking at the performance of the week, the Dow rose by 2%, and the S&P 500 and Nasdaq rose by 1.7%. With the gradual implementation of the "Trump Cabinet 2.0", the market generally expects the implementation of Trump's tax reduction and relaxation of regulatory policies.
Cryptocurrencies showed an upward trend last week, and the market sentiment index remained in the greedy stage, showing investors' optimistic expectations for future price trends. Altcoins generally had large gains following the market trend, while Meme projects cooled down last week.
In terms of bulk commodities, the US dollar index rose nearly 1% last week, reaching the 108 level and hitting a two-year high. The bleak economic prospects in the eurozone have depressed oil demand expectations, and oil prices rose by about 6% last week, the best in two months. Gold prices rose for the fifth consecutive day last Friday, with a weekly increase of 5.7%, the largest weekly increase in nearly two years.
After Trump won the presidential election, the Federal Reserve's stance on interest rate cuts became more cautious. The minutes of the Federal Reserve's November meeting and the PCE price index, the Federal Reserve's favorite inflation indicator, will be released on Tuesday and Wednesday respectively, which may cause market fluctuations. Currently, investors expect the possibility of a Fed rate cut in December to be slightly higher than 50%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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