Affected by tensions in the Middle East and expectations of interest rate cuts, the major U.S. stock indexes closed in the black, and the 10-year U.S. bond yield rose to more than 4%. Bitcoin fell from yesterday's high of $64,478, Ethereum fell from $2,521, and almost all assets except crude oil fell across the board.
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ToggleThe first anniversary of the war between Israel and Kazakhstan, the war has not stopped yet
Since the Palestinian armed group Hamas launched an unprecedented attack on southern Israel on October 7 last year, the Israel-Kazakhstan war has turned one year old. The Israeli authorities held a memorial service, and Israeli Prime Minister Netanyahu vowed to continue fighting.
Air raid warnings were issued in many areas of central Israel last night, and the Israeli military confirmed that it had successfully intercepted surface-to-surface missiles launched from Yemen. Danish police also stated that another explosion was heard near the Israeli Embassy on October 7. It is reported that the Israeli army is preparing to take military retaliation against Iran. US President Biden suggested last weekend that Israel should avoid attacking Iranian oil facilities and not let the Middle East fall into a full-scale war.
Tensions in the Middle East have also caused international oil prices to continue to rise. Brent crude oil returned to above US$80 per barrel, and energy stocks bucked the trend and rose.
Earnings season is about to begin, with the market focusing on Thursday’s CPI data
Last Friday's better-than-expected non-farm payrolls data boosted investors' confidence in the U.S. economic outlook and also eliminated market expectations that the Federal Reserve would cut interest rates again sharply at its November meeting. U.S. Treasury yields rebounded and hit their highest level since the summer. level.
( The non-agricultural sector is good, US stocks are rising, and Bitcoin has returned to 62K )
The focus this week will be on Wednesday's Federal Reserve meeting minutes and Thursday's Consumer Price Index (CPI).
This week, major U.S. banks will kick off the third-quarter earnings season, and the market will pay close attention to whether corporate financial reports can withstand the pressure of high interest rates and inflation.
