Newsletter summary
The Federal Reserve is expected to cut interest rates in September and expect a big increase of nearly 2%. The three major indexes of US stocks rose collectively on Friday (3rd), US Eastern time. By the close, the Dow was up 1.Bigslotwins.18%, the Nasdaq is up 1.Bigslotwins.99%, the S & P 500 index rose 1.26%. Comprehensive foreign media reports, released on the same dayBigslotwinsThe data show that.
Text of news flash
The Federal Reserve is expected to cut interest rates in September and expect a big increase of nearly 2%. The three major indexes of US stocks rose collectively on Friday (3rd), US Eastern time. By the close, the Dow was up 1.18%, the Nasdaq was up 1.99%, and the S & P 500 was up 1.26%. According to comprehensive foreign media reports, data released on the same day show that non-farm payrolls in the United States increased by 175000 after the quarterly adjustment in April, with an expected increase of 243000.BigslotwinsThe unemployment rate rose from 3.8% to 3.9%; the wage figure was also lower than expected. Analysts believe this has allayed investors' concerns that the economy may overheat or re-accelerate and rekindled expectations of interest rate cuts. The swap market now expects the Fed to cut interest rates by 25 basis points twice this year, compared with one previously expected; the FedWatch shows a close to 50 per cent chance of a 25 basis point cut in September. Large technology stocks rose across the board, most bank stocks rose, and chip stocks performed strongly. Hot Chinese stocks generally rose, with the Nasdaq China Golden Dragon Index rising 1.73%. China General New Energy vehicle stocks fell.
