4E: CPI data release is imminent, Trump deal is on hold
On November 13th, the US CPI report for October is about to be released. As the first blockbuster economic data after the election, it will obviously become a key factor affecting the future policy path of the Federal Reserve. Before the release of this important inflation data, the market's rapid rally was suspended.
According to 4E monitoring, the three major US stock indexes fell on Tuesday. The Dow closed down 0.86%, while the S & P 500 and Nasdaq bid farewell to five consecutive days of gains, closing down 0.29% and 0.09% respectively. Among them, the "Trump Trade" component stocks fell the most, Tesla closed down 6.1%, and Trump Media Group fell nearly 9%. Cryptocurrency concept stocks were mixed, with micro-strategy MSTR closing up 4.88% and Coinbase closing down 1.58%.
The crypto market generally ushered in a correction. Bitcoin slightly adjusted after breaking the record high of $90,000. As of press time, it was reported at $88,196, down 0.61%, and Ethereum was reported at $3,270, down 1.66%.
In terms of foreign exchange commodities, the dollar index rose to its highest level since November 2022 on Tuesday, pushing the euro to its lowest level in a year, the yen to its lowest in three months, the offshore yuan fell to 7.25 yuan at one point, and other currencies were also under pressure. Oil prices have fallen about 5% in the past two sessions, weighed down by the strengthening dollar and OPEC's fourth consecutive month of lowering its global oil demand growth forecast. The dollar index rose to pressure gold prices to a near two-month low.
eeee.com is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets. Recently, it has launched USDT stablecoin wealth management products with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.