U.S. time on Thursday, the U.S. CPI data in October, which is of great concern to investors, is better than market expectations, investors speculate that the Federal Reserve may next slow down the pace of interest rate hikes, affected by this, the New York stock market, the three major stock indexes on the day of the collective high open high, at the close of trading, the Dow index rose 3.70%, the S&P 500 index rose by 5.54%, hitting April 2020, that is, two and a half years of the largest A single day of gains, the Nasdaq was boosted by higher technology stocks rose sharply by 7.35%, again for the best performance in two and a half years.
U.S. technology stocks generally rose Chinese stocks rose significantly
On the disk, the S&P 500 major sectors all rose, the IT sector soared 8.3%, leading technology stocks collectively rose, after four consecutive days of decline in the Tesla rose more than 7%, Nvidia soared more than 14%, Amazon rose more than 12%. Popular Chinese stocks also followed the U.S. stock market rebounded strongly, the Nasdaq Golden Dragon China Index rose 7.6% on the day.
Dollar index plunges more than 2%
The dollar index, which measures the greenback against six major currencies, dived during the session on Thursday, closing at 108.2040 in late New York currency markets, down 2.12%, on the back of expectations of a slowdown in interest rate hikes by the Federal Reserve.
U.S. CPI rose 7.7% year-on-year in October, up 0.4% from a year earlier
The U.S. Consumer Price Index, or CPI, rose 7.7% year-on-year in October, the smallest year-on-year increase since January of this year, according to data released by the U.S. Department of Labor on Thursday. Ring rose 0.4%, also better than market expectations; excluding volatile food and energy in October core CPI rose 6.3% year-on-year, up 0.3% from the previous year. The data show that the U.S. CPI growth slowed in October mainly due to used cars, health care, clothing and airfare prices fell significantly. But housing, gasoline and food prices remain high.
? Fed Watch Tool? : The probability that the Fed will raise interest rates by 75 basis points in December fell to 19.4%
The Chicago Mercantile Exchange's ? Fed Watch Tool? shows that after the release of the U.S. October CPI data, the market's probability of a 75 basis point Fed rate hike in December fell sharply to 19.4% from the previous 48%, while the probability of a 50 basis point hike quickly rose to 80.6%.
Europe's three major stock markets collectively closed higher
By the optimism, the three major stock markets in Europe also collectively closed higher on Thursday, with the stock market in London, England, up 1.08%, the stock market in Paris, France, up 1.96%, and the stock market in Frankfurt, Germany, up 3.51%.
Weaker U.S. dollar boosted international gold prices rose more than 2%
By the impact of the U.S. dollar index is significantly lower, the international gold prices rose on Thursday, the New York Mercantile Exchange gold futures market trading the most active gold futures market in December closed at $1,753.7 per ounce, an increase of 2.33%.
International Oil Prices Rise
Also affected by the weakening of the dollar index, international oil prices rose on Thursday, in which the New York Mercantile Exchange light crude oil futures price for December delivery rose by 0.75% to close at $86.47 per barrel; London Brent crude oil futures price for January 2023 delivery rose by 1.10% to close at $93.67 per barrel.