Last week, driven by multiple factors such as moderate inflation data, easing trade tensions, and overall improvement in corporate financial reports, the three major U.S. stock indexes hit record closing highs and collectively rose throughout the week. Among them, the Dow Jones Industrial Average rose 2.2%, the S&P 500 Index rose 1.92%, and the Nasdaq rose 2.31%.

International oil prices rose more than 7% last week

In terms of crude oil futures, last week, after the U.S. announced sanctions on Russia¡¯s two largest oil companies, sparking market concerns about crude oil supplies, the U.S. cumulative oil output rose 6.88 percent, and the cumulative oil output rose 7.59 percent.

International gold prices fell 2 percent last week.

In the precious metal market, due to investors' profit-taking and signs of easing global trade tensions, which weakened the market's safe-haven demand, the international gold price fell for the first week in 10 weeks, and the main contract price of gold futures on the New York Mercantile Exchange fell by 1.79%.

The Fed will announce its latest interest rate resolution this week.

On Wednesday, October 29, local time, the Federal Reserve will announce its latest interest rate decision. The market generally expects the Federal Reserve to cut interest rates by another 25 basis points. Although core inflation in the United States remains sticky, the Fed's main concern has shifted to signs of weakness in the job market. In addition, the market will focus on the subsequent press conference held by Federal Reserve Chairman Powell to judge the extent and pace of future interest rate cuts from his wording. Investors generally expect the Federal Reserve to cut interest rates again in December. In addition, the European Central Bank, the Bank of Japan and the Bank of Canada will also announce their latest interest rate decisions this week. The market generally expects the European Central Bank and the Bank of Japan to keep the current benchmark interest rates unchanged.

The United States will release a number of economic data this week

This Friday, the United States will release the core personal consumption expenditure price index for September. Previous data showed that the year-on-year growth rate of core PCE in the United States in August remained at a high level of 2.9%, exceeding the Federal Reserve's 2% target. On Thursday, the United States will also release real GDP data for the third quarter.

Several tech giants will publish profits this week.

This week will celebrate the busiest week of the U.S. stock report season, with more than 170 companies expected to release profits, including Microsoft, Apple, Google, Amazon and Meta in the U.S. stock ¡°technology seven giants¡±, some organizations expect that the ¡°technology seven giants¡± profit growth rate will be around 16% this quarter, and the average profit rate of the other Sharp 500 index shareholders is around 8%, despite the technology giants profit growth rate has narrowed, but still significantly higher than the overall level. Artificial intelligence boom is one of the main drivers of U.S. stock rise in recent years, as the core participants in the AI industry, the revenue status of these technology enterprises is market attention. In addition, health insurance giants United, U.S. pharmaceutical companies, two major oil giants ExxonMobil

Press Release: Chan Sasha