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2025-10-24 21:45:00
[US stocks welcomed mild inflation data, and expectations of rate cuts drove risk assets higher] ⑴ The US CPI rose 3.0% year-on-year in September, slightly below market expectations, and the month-on-month increase slowed from 0.4% to 0.3%. ⑵ The inflation data, delayed due to the government shutdown, strengthened investors' confidence, and it is expected that the Federal Reserve will cut interest rates by 25 basis points at each of the remaining two meetings this year. ⑶ Major stock indices opened higher, and bond yields fell, reflecting market optimism that inflation is under control. ⑷ Procter & Gamble, HCA Healthcare, and General Dynamics released their financial reports before the market opened, and Intel's results on Thursday evening pushed its stock price higher. ⑸ International oil prices continued to rise, with Brent crude oil breaking through $66, affected by Trump's sanctions on Russian oil companies. ⑹ The Canadian dollar fell against the US dollar after Trump announced the termination of US-Canada bilateral trade negotiations.
