4E: This week's focus is on the release of the Federal Reserve meeting minutes and the US September CPI data

According to Mars Finance, on October 7, the U.S. non-farm employment in September announced last Friday exceeded expectations by 254,000, and the unemployment rate unexpectedly dropped to 4.1%, confirming expectations of a soft landing as the economy is still healthy, and also causing the market to withdraw its bets on a sharp interest rate cut in November.

According to 4E, boosted by the expectation of a soft landing of the economy, US stocks collectively opened higher and closed higher on Friday. The S&P 500 rose 0.90%, closing up 0.22% for the week, the Nasdaq rose 1.22%, up 0.1% for the week, the Dow rose 0.81%, up 0.09% for the week, and the China Concept Index rose more than 3% and nearly 12% for the week. The crypto market rose along with the US stock market, with Bitcoin returning to $63,000 and closing at $63,859 as of press time, narrowing its weekly decline to 1.03%. Ethereum closed at $2,507, narrowing its weekly decline to 4.18%.

In terms of foreign exchange, safe-haven demand and favorable economic data pushed the US dollar index up for five consecutive days this week, reaching a seven-week high. Non-US currencies fell across the board, with the euro falling 1.8% against the US dollar and the pound falling 2% against the US dollar. The steady employment has eliminated the expectation of a sharp interest rate cut by the Federal Reserve in November. The US dollar and US bond yields have rebounded together, both of which have put continuous pressure on gold prices. Spot gold fell 0.5% for the week and stopped its three-week winning streak. The market continues to worry about supply disruptions caused by escalating conflicts in the Middle East. Oil prices rose for five consecutive days, with Brent crude rising by more than 9% for the week.

This week, the market focus is mainly on the release of the minutes of the Federal Reserve meeting, the release of the US inflation data in September, and the financial reports of large banks, which will provide important economic clues to the market. In addition, we need to pay attention to the development of the situation in the Middle East. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indexes, bulk gold, and foreign exchange. It recently launched a USDT stablecoin wealth management product 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.