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Hello everyone, today XM Foreign Exchange will bring you "【XM Group】: Senior Federal Reserve officials sounded the alarm of stagflation, and the EU officially announced a new steel import restriction mechanism." Hope it will be helpful to you! The original content is as follows:
On Tuesday, the US dollar index strengthened, rising to a high of more than a week, and finally closed up 0.49% to 98.59. After the U.S. three-year Treasury auction attracted strong demand, U.S. Treasury yields generally fell, with the benchmark 10-year Treasury yield closing at 4.131%, and the 2-year Treasury yield, which is sensitive to Fed policy interest rates, closed at 3.576%.
As investors continued to seek safe havens against the backdrop of the US government shutdown and the economy faced uncertainty, spot gold once hit a new record high, finally closing up 0.59% to close at $3984.56/ounce; spot silver plunged during the session, losing the $48/ounce mark, and finally closed down 1.43% to $47.83/ounce.
International crude oil fluctuated sideways as traders weighed OPEC+ cautious production cuts in November with potential signs of oversupply. WTI crude oil stabilized above the $61 mark and finally closed up 0.46% to $61.8/barrel; Brent crude oil finally closed up 0.26% to $65.55/barrel.
U.S. stocks: The three major U.S. stock indexes all fell, the Dow Jones Industrial Average closed down 0.2%, the S&P 500 fell 0.38%, and the Nasdaq fell 0.67%. Tesla (TSLA.O) fell 4.4%, AMD (AMD.O) rose nearly 4%, and Strategy (MSTR.O) fell 8.7%. The Nasdaq China Golden Dragon Index fell 2.2%, Alibaba (BABA.N) fell 3%, and Baidu (BIDU.O) fell 4%.
European stocks: Major European stock indexes are mixed, France's CAC40 index closed up 0.04%; Germany's DAX30 index closed up 0.03%; Britain's FTSE 100 index closed up 0.05%; Europe's Stoxx 50 index closed down 0.27%.
1. Wang Yi had a phone call with South Korean Foreign Minister Cho Hyun.
2. The People’s Bank of China increased its gold holdings for the 11th consecutive month.
3. Li Qiang will attend the celebration of the 80th anniversary of the founding of the Workers’ Party of Korea and pay an official goodwill visit to North Korea.
1. The New York Fed’s 1-year inflation expectation in September is 3.38%, lwcgm.cnpared with the previous value of 3.20%.
2. Fed Kashkari: The current economic data shows some signs of stagflation.
3. The WTO has significantly lowered its forecast for global trade in goods growth in 2026 to 0.5%.
4. Three American scientists won the 2025 Nobel Prize in Physics for discovering the phenomenon of macroscopic quantum tunneling.
5. The negotiations ended on the second day, with Hamas and Israel focusing on discussing the withdrawal of troops and the release of detained personnel.
6. Canada stated that the U.S.-Canada trade negotiations were successful and potential agreements focused on steel, aluminum and energy.
7. Tesla’s US Model Y and Model 3 cheap versions are priced at US$39,990 and US$36,990 respectively.
8. The EU officially announced plans to limit tariff-free steel imports to 18.3 million tons per year, and impose a 50% tariff on excess parts.
09:45 Bank of Japan Governor Kazuo Ueda attended the forum
10:00 New Zealand Federal Reserve Chairman Orr held a press conference
14:00 Germany 8 Seasonally adjusted monthly industrial output rate
21:30 Fed Governor Barr delivers a speech
22:30 EIA crude oil inventories in the United States for the week of October 3
22:30 EIA Cushing of the United States for the week of October 3 Crude oil inventories
22:30 U.S. to EIA strategic petroleum reserve inventory for the week of October 3
01:00 U.S. the next day to October 8 10-year Treasury bond auction - winning interest rate
01:00 U.S. to 10-year Treasury Bond Auction on October 8 - Bid Multiple
The Federal Reserve released the minutes of the monetary policy meeting at 02:00 the next day
The Federal Reserve Kashkari gave a speech at 03:15 the next day
The above content is about "[XM Group】: Senior Federal Reserve officials sound the stagflation alarm, and the European Union officially announces a new steel import restriction mechanism. The entire content is carefully lwcgm.cnpiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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