I. Macroeconomic Data:
1. Dollar Index: Finally fell by 0.04%, closing at 106.31
2. Treasury Prices: The yield on the 2-year U.S. Treasury bond slightly declined, closing at 4.1880%, while the yield on the 10-year U.S. Treasury bond slightly increased, closing at 4.228%
3. Gold Price: Finally rose by 0.18%, closing at $2643.33 per ounce
4. WTI Crude Oil: WTI crude oil rose by 2.52%, closing at $69.71 per barrel
5. Stock Market: Dow Jones fell by 0.17%, S&P 500 rose by 0.04%, Nasdaq rose by 0.4%
6. USDCNY: 7.39
7. Interest Rate Expectations: According to the Fed's rate observer, the probability of maintaining the rate at 4.50 - 4.75 in December is 26.3%, while the probability of lowering it to 4.25 - 4.50 is 73.7%.
8. Cryptocurrency: The overall market value rose by 1.56% to $3.5T, 24-hour trading volume decreased by 2.44% to $280.73B, stablecoin market value increased by 1.75%, reaching $184.19B
II. ETF Position Data:
Updated on December 3:
Net inflow of 10 Bitcoin ETFs: +4,084 $BTC (+392 million USD) #BlackRock inflow 3,526 $BTC (338.42 million USD), currently holding 500,380 $BTC (48.02 billion USD).
Net inflow of 9 Ethereum ETFs: +21,296 $ETH (+76.43 million USD) #BlackRock inflow 15,449 $ETH (5.44 million USD), currently holding 710,695 $ETH (2.55 billion USD)
III. Major Macroeconomic News Yesterday:
1. South Korea's political disputes intensify, President Yoon Suk-yeol announced a "state of emergency" late at night, the first since 1980. Yoon stated that the opposition party is manipulating the National Assembly and disrupting the country, expressing intentions to eliminate "anti-state forces" within South Korea, and the military attempted to apprehend members of parliament; the ruling party leader declared this move unconstitutional, while the opposition called for Yoon's resignation. At 5 AM local time, the state of emergency was officially lifted, lasting only 6 hours. Reports indicate that the U.S. was not informed in advance about the matter. Analysts suggest that the trigger for this incident was the opposition's push for a series of legislations targeting the president's wife and the impeachment of public officials. Relevant assets in South Korea plummeted, and financial authorities will hold meetings to discuss stabilization measures.
2. Federal Reserve Governor Cook: Expected Friday's job report to rebound from the previous month's weak data affected by storms and strikes; San Francisco Fed President Daly: A rate cut in December is not impossible, but not guaranteed, and the timing should be approached with an open mind. The neutral rate is close to 3%; Chicago Fed President Goolsbee: Interest rates should significantly decline from current levels over the next year.
3. Israeli Defense Minister Katz: If the ceasefire agreement breaks down, we will no longer distinguish between Lebanon and Hezbollah; Israeli Prime Minister Netanyahu: We will enforce the ceasefire agreement with an iron fist and take action against any violations of the ceasefire agreement.
4. Iranian Foreign Minister: It is possible for Iranian troops to be dispatched to Syria if Damascus makes a request.
5. OPEC+ sources indicate that OPEC+ may extend the latest round of production cuts until the end of the first quarter of next year during Thursday's meeting.
6. France will review a motion of no confidence against the government on Wednesday local time (23:00 Beijing time). President Macron stated that he will not resign before the end of his term in 2024.
7. The EU allocates 4.6 billion euros for net-zero emission technologies and electric vehicle battery cells.
8. The Thai cabinet has decided to extend the VAT collection period for imported small goods (priced not exceeding 1,500 Thai baht).
