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【4E: US economic data is better than expected, financial markets generally rise, pay attention to the US PCE price index this Friday】 on September 27, data released on Thursday showed that the US economy once again demonstrated unexpected resilience, easing market concerns about the economy. At the same time, boosted by China's unexpected policy combination, global financial markets generally rose. According to 4E observation, the three major US stock indexes rose, the S&P 500 index closed up 0.40%, setting a new record high; the Dow Jones closed up 0.62%, the tech-heavy Nasdaq closed up 0.60%, and Chinese stocks soared, with the Nasdaq China Golden Dragon Index closing up 10.9%. Non-US currencies generally rose, and the yen resumed its decline; cryptocurrencies rose across the board. As of press time, Bitcoin rose 2.56%, breaking through $65,000, and Ethereum rose 0.96%. Gold, silver and copper all soared. Due to the interest rate cuts by major central banks such as China and the United States, coupled with the ongoing tensions in the Middle East, the intraday increase of spot gold expanded to 1%, setting a new record high again, and rising nearly 30% this year; under China's stimulus policy, the price of silver, a key industrial material, rose by more than 2.5%, hitting a 12-year high, and has risen 37% so far this year. The global central banks took turns to cut interest rates, and China's "policy package" ignited global optimism. Coupled with the continued resilience of US economic data, investors' risk appetite has increased. 4E is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. The US core PCE price index will be released on Friday night, which will provide further key clues for the Fed's interest rate cut. 4E reminds investors to pay attention to market volatility risks and allocate assets reasonably.
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