shine trader live reports:
Before the market on Monday, US stock index futures rose slightly, and the market waited for the speeches of many Fed officials to understand their views on future interest rate policies.
As of press time, Dow futures rose 0.19%, S&P 500 futures rose 0.06%, and Nasdaq futures rose 0.01%.
North America has entered winter time, and this mechanism will end on March 13, 2022 (02:00 Eastern Time). The trading hours (gold and silver, U.S. oil, stock market, etc.) and economic data announcements in the US and Canadian financial markets will be delayed by one hour from daylight saving time.
European stock markets were mixed. The UK FTSE 100 index fell 0.07%, the German DAX index fell 0.18%, and the French CAC40 index rose 0.28%.
In the currency market, the U.S. dollar index was broadly stable. Spot gold rushed higher and fell back. Earlier, it hit a two-month high of US$1821.52 per ounce.
The United States approved the infrastructure bill last Friday, boosting market confidence in the economic outlook. On the evening of November 5, local time, the U.S. House of Representatives passed a $1.2 trillion infrastructure bill with a marginal advantage of 228 to 206. In the next few years, the U.S. is expected to start upgrading roads, bridges, water pipes, ports and other public facilities. .
Prior to this, the October employment report was better than economists expected. According to data from the Department of Labor, the United States added 531,000 jobs last month. Friday’s report also raised employment data for September and August.
(168.05, -0.24, -0.14%)
In addition, a number of Fed officials will deliver speeches on Monday (November 8) local time, of which the most eye-catching is undoubtedly Fed Vice Chairman Clarida and Fed Chairman Powell.
Avattrade’s chief market analyst Naeem Aslam said: “The presence of many Fed officials today, including Fed Chairman Jerome Powell and Fed Governor Richard Clarida, may have an impact on the stock market.”
At the same time, this week will usher in economic data such as CPI and PPI, the key inflation indicators in the United States. Investors will look for signs that the Fed will support the economy or reduce stimulus measures. If inflation remains high, it may also increase the pressure on the Fed to start raising interest rates.
CBA senior economist and foreign exchange strategist Kim Mundy said: “If the CPI rises again, it will strengthen our view that the Fed is behind the curve.” “The Federal Open Market Committee (FOMC) will wait longer to tighten monetary policy. Longer, the greater the risk of them raising interest rates more drastically to bring inflation back to a manageable level.”
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(8.73, -0.56, -6.03%)(10.42, -0.09, -0.86%), Yibang International rose more than 6%, Bit Mining rose more than 5%, SOS and Coinbase rose more than 4%. Bitcoin once exceeded $66,000 per coin in intraday trading today. CoinGecko data shows that the total market value of cryptocurrencies has reached 3 trillion US dollars for the first time, of which Bitcoin and Ethereum accounted for 41.2% and 18.7% respectively.
(56.49, -1.29, -2.23%)(6.81, -0.09, -1.30%)6.81, -0.09, -1.30%)
(3.89, -0.06, -1.52%)(2.04, 0.01, 0.49%)2.04, 0.01, 0.49%)(0.91, -0.07, -7.14%)0.91, -0.07, -7.14%)
(48.61, 4.76, 10.86%)
U.S. airline stocks rose before the market, with United Airlines, American Airlines Group and Delta Air Lines all rising more than 2%. Earlier, Regeneron Pharmaceuticals announced the latest clinical data of the new crown drug REGEN-COV, which can reduce the risk of new crown virus infection by 81.6%.
Coty rose 8.93%. The third-quarter quarterly results exceeded expectations, and the annual sales growth rate was raised, mainly due to strong demand in Asia and Europe.
(81.61, -8.93, -9.86%)
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Reprint indicated source：Spark Global Limited information