based on materials from the site - By Cryptopolitan_News
On Wednesday, Asian stocks rose while the US dollar remained weak after new data indicated steady growth in major economies and the need for central banks to maintain supportive policies. The rise in stocks was accompanied by calm dynamics in currency and commodity markets.
On Tuesday, Wall Street set new records as investors became more confident that the Federal Reserve would cut interest rates next month. In Tokyo, the Japanese Nikkei surpassed the 43,000-point mark for the first time. In the digital asset space, Ethereum approached a nearly four-year high.
New inflation data in the U.S. indicates that President Donald Trump's tariff policy has not yet affected consumer prices. In Japan, a separate report showed that manufacturers have become more optimistic about business conditions after reaching a trade agreement with the United States.
The global MSCI All Country World Index rose for the second consecutive day to 948.54 points, the highest level ever recorded. The Japanese Nikkei rose by 1.4%, also setting a new record for the second session in a row.
US Labor Department data showed that the Consumer Price Index rose by 2.7% over the 12 months ending in July.
The S&P 500 index closed at a record high
In New York, the S&P 500 and Nasdaq indices closed at historic highs after President Trump signed an order suspending three-digit tariffs on Chinese goods for another 90 days.
According to the FedWatch tool from the Chicago Mercantile Exchange (CME), traders now assess the probability of an FOMC rate cut in September at 94%, up from nearly 86% the previous day and around 57% a month earlier.
Investors were particularly attentive to inflation data as it followed a weaker-than-expected employment report from August 1, which sparked discussions about stagflation risks.
The central bank policy also attracted attention. Trump appointed White House advisor Stephen Moore to temporarily fill a vacant seat on the Federal Reserve Board of Governors, prompting new debates about the potential influence of the White House on monetary policy.
Additionally, the White House stated that the Bureau of Labor Statistics plans to continue publishing the monthly employment report after E.J. Anthony, appointed by Trump as the head of the agency, suggested suspending its publication.
In currency trading, the dollar rate changed little at 147.84 yen. The euro rose by 0.1% to $1.1684 after a 0.5% increase during the previous session, as previously reported by Cryptopolitan. The dollar index, which tracks the dollar against major currencies, fell for the second consecutive day.
In the cryptocurrency market, Ethereum reached $4634.70 at the start of trading, the highest since December 2021, before dropping by 0.9%.
In the energy and metals markets, there was a lull. The price of U.S. oil fell by 0.05% to $63.14 per barrel. Spot gold prices remained at $3348.1 per ounce.
In Europe, futures opened with positive dynamics. Euro Stoxx 50 futures rose by 0.2%, German DAX futures by 0.3%, and FTSE futures by 0.1%. U.S. stock futures remained unchanged, while S&P 500 e-mini futures changed little.
#MarketRebound , #Сryptomarketnews
In this group, we strive to promptly inform readers about news updates (from more than a dozen sites) regarding changes in the cryptocurrency market and financial markets. There is no goal here to impose on any readers the correctness (or incorrectness of articles on the site!).
The information is re-transmitted by us to familiarize with changes in the "news agenda", and without claims to originality! Conclusions after reading this information will always be made independently by every sane person!!!
It's quite simple. Our subscribers find out about everything a little earlier than others from one news feed, without wasting time searching for relevant news!!!
