On November 13th, it was announced that the US CPI report for October will be released soon. As the first major economic data after the election, it will clearly become a key factor affecting the future policy path of the Federal Reserve. Prior to the release of this important inflation data, the market's rapid rise has temporarily paused.
According to 4E monitoring, the three major US stock indexes fell together on Tuesday. The Dow Jones fell 0.86%, the S&P 500 index and the Nasdaq bid farewell to their five-day consecutive gains, falling 0.29% and 0.09% respectively. Among them, "Trump trade" component stocks fell the most, with Tesla falling 6.1% and Trump Media Group falling nearly 9%. Cryptocurrency concept stocks rose and fell, with MicroStrategy MSTR rising 4.88% and Coinbase falling 1.58%.
The cryptocurrency market generally experienced a correction, with Bitcoin adjusting slightly after rising above $90,000 to a new high, and as of press time, it was trading at $88,196, down 0.61%. Ethereum was trading at $3,270, down 1.66%.
In terms of forex and commodities, the US dollar index rose to its highest level since November 2022 on Tuesday, pushing the euro to its lowest level in a year, the yen to its lowest level in three months, and the offshore yuan to briefly fall below 7.25 yuan. Other currencies were also under pressure. Affected by the strong US dollar and OPEC's fourth consecutive month of lowering global oil demand growth expectations, oil prices fell by about 5% in the past two trading days. The rise in the US dollar index put pressure on gold prices, which fell to a two-month low.
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