4E: U.S. economic data exceeded expectations, financial markets rose broadly, focusing on the U.S. PCE price index this Friday

ChainCatcher news, data released on Thursday showed that the U.S. economy once again highlighted unexpected resilience, alleviating market concerns about the economy. At the same time, boosted by China's unexpected policy package, global financial markets surged.

According to 4E observation, the three major U.S. stock indices rose, with the S&P 500 index closing up 0.40%, setting a new historical high; the Dow Jones rose 0.62%, and the tech-heavy Nasdaq rose 0.60%. Chinese concept stocks surged, with the Nasdaq Golden Dragon China Index up 10.9%. Non-U.S. currencies rose broadly, while the yen resumed its downward trend; cryptocurrencies rose across the board, with Bitcoin up 2.56%, breaking through $65,000, and Ethereum up 0.96%.

Gold, silver, and copper all soared, as major central banks like the U.S. and China cut interest rates, coupled with ongoing tensions in the Middle East. Spot gold's intraday gains expanded to 1%, once again setting a new historical high, with nearly a 30% increase this year; under China's stimulus policies, silver, a key industrial material, rose over 2.5%, reaching a 12-year high, and has increased 37% year-to-date.

With global central banks cutting interest rates in succession and China's "policy package" igniting global optimism, combined with resilient U.S. economic data, investors' risk appetite has risen. 4E is a financial trading platform supporting assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. This Friday evening, the U.S. core PCE price index will be released, providing further key clues for the Federal Reserve's interest rate cuts. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.