4E: A series of data strongly supports the expectation of a "soft landing" of the US economy, and market risk appetite rises

BlockBeats news, on October 18, the U.S. Department of Commerce announced on Thursday that September retail sales grew by 0.4% month-on-month, exceeding expectations, highlighting that U.S. consumer spending remains resilient and continues to provide a strong driving force for the U.S. economy. A series of recent robust economic data has reinforced the market's expectation of a 25 basis point interest rate cut.

According to 4E monitoring, after the data was released, U.S. stocks opened high and fell, the S&P hit an intraday high and then turned down, and the Nasdaq was close to erasing its early gains, but the Dow hit an intraday and closing high and rose for two consecutive days. As of the close, the S&P 500 fell 0.02%, the Nasdaq rose 0.04%, and the Dow rose 0.37%; the crypto market fluctuated slightly with the U.S. stock market. As of press time, Bitcoin was at 67,972, up 0.8%, and Ethereum was at 2,632, up 0.43%.

In terms of foreign exchange, positive economic data pushed the U.S. dollar index to an 11-week high, with a cumulative rebound of 3.34% since October. The European Central Bank cut interest rates as expected on Thursday, causing the euro to fall for four consecutive days to an 11-week low. The unexpected decrease in U.S. EIA crude oil inventories last week suggested solid demand, causing international oil prices to rise by about 0.40%, ending a four-day decline and breaking away from a two-week low. Spot gold benefited from the uncertainty of the U.S. election and expectations of more monetary policy easing, approaching $2,700 to set a new record high, and has risen by more than 30% this year.

Recently released data show that the latest retail sales continue to grow, non-farm payrolls data that exceeds expectations, unemployment rates that are stronger than expected, and the number of initial unemployment claims that has been cooling in recent weeks, coupled with the continued steady decline in US inflation and the upward revision of long-term GDP growth that exceeds expectations, provide strong support for the logic of a "soft landing" for the US economy. At the same time, a new round of global interest rate cuts has accelerated, greatly improving financial market sentiment and generally increasing investor risk appetite. eeee.com is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets. 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.