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4E: U.S. PPI inflation in November exceeded expectations, the three major U.S. stock indexes fell, and the DeFi sector of the crypto market strengthened
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2024-12-13 11:32 9,292
According to news on December 13, the latest data showed that the U.S. PPI rose more than expected in November, with the largest month-on-month increase in seven months, indicating that inflation is heating up. The market expects another 25 basis points interest rate cut next week, but is betting on a pause in interest rate cuts in January next year. According to 4E Monitoring, the current market has fully priced in expectations for an interest rate cut in December, but the latest data has increased uncertainty about the Fed's interest rate cut prospects next year. The three major U.S. stock indexes all fell. The Dow Jones Industrial Average closed down 0.53% for six days in a row, and the S&P 500 The index fell 0.54%, and the Nasdaq fell 0.66%. Large technology stocks failed to maintain the momentum earlier this week and mostly fell. Nvidia fell 1.41%, Tesla fell 1.57%, crypto concept stock MSTR closed down 4.67%, and Coinbase fell 0.27%. The crypto market fell back after a surge, and the DeFi sector closed strongly. Driven by the purchase of ETH, AAVE, and LINK by the Trump family project WLFI, DeFi tokens generally rose. WLFI currently holds approximately US$74.9 million worth of cryptocurrencies, of which the largest holding is ETH. It is regarded by the market as the Trump family's optimism about the potential of Ethereum and the advance layout of its encryption strategy. In terms of foreign exchange commodities, inflation data helped the U.S. dollar index rise by 0.31% for the fifth consecutive day; U.S. oil and Brent oil fell; gold fell sharply, with the London spot gold price falling by 1.33%. eeee.com is a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange and other assets. It recently launched a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market fluctuation risks and allocate assets reasonably.
Keywords: Bitcoin
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