4E: U.S. September "small non-farm" employment exceeded expectations, tensions in the Middle East remain, Bitcoin briefly lost $60,000
ChainCatcher news, on Wednesday local time, the ADP employment report, known as the "little non-farm," was released, showing employment data exceeding expectations and a significant improvement compared to the previous month. This indicates that despite some signs of weakness in the overall U.S. employment, it remains generally stable, and the market continues to accept the logic that the Federal Reserve does not need to make significant interest rate cuts next time. Meanwhile, tensions in the Middle East have escalated, increasing market concerns.According to 4E observations, U.S. stocks opened lower and then fluctuated slightly upward, with the Dow closing up 0.09%, the Nasdaq up 0.08%, and the S&P 500 up 0.01%. Continuing to be affected by the escalating tensions in the Middle East, risk appetite was suppressed, and Bitcoin briefly fell to $60,000, currently reported at $61,000, while Ethereum dropped over 4.3%, falling below $2,400 to its lowest level in nearly two weeks.In the forex and commodities market, non-U.S. currencies fell broadly, and the U.S. dollar index rose for three consecutive days this week, hitting its highest level in nearly three weeks; spot gold experienced significant volatility, with prices initially dropping sharply before rebounding. Although the "little non-farm" ADP data stimulated the rise of the dollar and U.S. Treasury yields, the tensions in the Middle East provided support for gold prices. The market is concerned about Israel's strikes on Iran's oil industry, with oil prices rising nearly 4% at one point.
