The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.

U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.

wallstreetcnDec 20, 2024 07:26

The strength of the USD is once again affecting emerging markets! Latin American currencies are leading the decline, as the USD index aims for a new high this year.

The currencies of emerging markets seem to be falling freely, despite relatively weak US economic data, traders are still flocking to the traditional safe-haven asset of the US dollar.

Zhitong FinanceJun 26, 2024 09:45

Big news! Buffett, make a surprise move!

Buffett, the “god of stocks,” suddenly took action.

券商中國Apr 9, 2024 22:30

50-year market veteran updates interest rate forecast: 10-year US Treasury yields will rise to 5.35%

He can often accurately capture signals of changes in 10-year US Treasury yields, and his views on the next trend in interest rates are worth paying attention to.

Golden10 DataApr 3, 2024 11:44

“Four major risks” test “new overseas high”

US tech giants' earnings reports, the Federal Reserve's interest rate meeting, US non-farm payrolls data for January, and the US Treasury's refinancing plan are imminent.

wallstreetcnJan 28, 2024 16:12

How can the efficiency of financial supervision be improved? KPMG's latest report: Big models may become new tools to assist behavioral regulation and penetrating supervision

① The KPMG report points out that in directly providing investment advice to customers, AIGC still needs to be cautious due to unclear relevant regulations and issues such as data security and data privacy; ② The development of regulatory technology will increasingly rely on technological means to achieve more efficient and accurate supervision.

cls.cnJan 16, 2024 13:07