On Thursday, February 14, the US January PPI growth rate exceeded expectations, with the year-on-year increase reaching a new high in nearly two years. However, the PCE, the inflation indicator preferred by the Federal Reserve, saw a monthly decline in related sub-items, easing inflation concerns, and the market's overall reaction to this PPI report was dovish. In addition, Trump decided to impose retaliatory tariffs, but they will not be implemented immediately, which also temporarily relieved the market.
According to 4E monitoring, US stocks rose across the board on Thursday, with tech stocks supporting the Nasdaq's lead. The three major indices continued to rise and closed near their daily highs, with the S&P 500 up 1.04%, the Dow up 0.77%, and the Nasdaq up 1.50%. Large-cap tech stocks, chip stocks, and AI concept stocks all rose broadly.
The cryptocurrency market continued to fluctuate. Bitcoin yesterday tried to break through the $98,000 level, but failed to hold and quickly fell back, finally stabilizing around $96,680, down 1.07% in the last 24 hours. On the altcoin side, the current market lacks a unified consensus to guide investors, and investor confidence is low, leading to thin trading and continued capital outflows. However, the BSC ecosystem and related MEME have become new market hotspots.
In the foreign exchange and commodity markets, Trump's retaliatory tariffs will not be implemented immediately, causing the US dollar to weaken by 0.63%. The market expects a possible peace agreement between Russia and Ukraine, and the oil market fluctuated on Thursday, closing with a slight decline. The weaker US dollar supported a rise in gold, with spot gold rising 0.87% at the close, approaching the new high set on Tuesday.
After the CPI inflation data exceeded expectations, the US January PPI also remained strong, further confirming that the price pressure faced by the US had already risen significantly before the implementation of Trump's tariffs. The advancement of Trump's tariffs has exacerbated market concerns about future inflation, and the probability of the Federal Reserve not having any rate cuts this year is also rising. eeee.com, as a financial trading platform that supports cryptocurrencies, stock indices, gold, and foreign exchange assets, has recently launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.
