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$SPDR Gold ETF (GLD.US)$ $Nasdaq Composite Index (.IXIC.US)$1. Market news:
Minutes of the Fed meeting: future meetings are expected to begin to discuss the possibility of reducing QE, and raising the possibility of adjusting the managed interest rate.
Some officials expect the Fed to start talking about cutting QE; at future meetings, according to Fed minutes. One official pointed out that downward pressure on overnight interest rates could lead to considering modest adjustments to managed rates. Treasuries fell after the release of the document, and traders raised expectations of a Fed rate hike again.
The European Central Bank warns of financial stability risks during the boom, but cryptocurrency risks are limited
The ECB said the risks to financial stability in the eurozone were rising and the spillover effects of US stock market repricing could be huge if an unexpected rise in US inflation prompted investors to bet on early monetary tightening by the central bank. However, the ECB believes that the risk of financial stability of cryptocurrency assets is limited. In addition, ECB Executive Committee Schnabel pointed out that because inflation in the euro zone is expected to fall next year, the ECB sees no reason to raise interest rates.
EIA gasoline inventory fell the most since the week of March 5, 2021
Despite an increase of 1.32 million barrels in commercial crude oil stocks in the strategic reserve, gasoline stocks in the Midwest fell to their lowest level since November 2017, while gasoline stocks along the Gulf of Mexico rose to. In August 2020, according to the EIA report.
Minutes of the Fed meeting: future meetings are expected to begin to discuss the possibility of reducing QE, and raising the possibility of adjusting the managed interest rate.
Some officials expect the Fed to start talking about cutting QE; at future meetings, according to Fed minutes. One official pointed out that downward pressure on overnight interest rates could lead to considering modest adjustments to managed rates. Treasuries fell after the release of the document, and traders raised expectations of a Fed rate hike again.
The European Central Bank warns of financial stability risks during the boom, but cryptocurrency risks are limited
The ECB said the risks to financial stability in the eurozone were rising and the spillover effects of US stock market repricing could be huge if an unexpected rise in US inflation prompted investors to bet on early monetary tightening by the central bank. However, the ECB believes that the risk of financial stability of cryptocurrency assets is limited. In addition, ECB Executive Committee Schnabel pointed out that because inflation in the euro zone is expected to fall next year, the ECB sees no reason to raise interest rates.
EIA gasoline inventory fell the most since the week of March 5, 2021
Despite an increase of 1.32 million barrels in commercial crude oil stocks in the strategic reserve, gasoline stocks in the Midwest fell to their lowest level since November 2017, while gasoline stocks along the Gulf of Mexico rose to. In August 2020, according to the EIA report.
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