Daofu: The US government welcomes the dawn of an open door, with the stock market eagerly awaiting data that is "soft just right".
Michael Metcalfe, head of macro strategy at Dajia Furui, said: "If the US government continues to shut down, further economic growth will be affected. Fortunately, we have finally overcome the difficulties of the government shutdown, which means we can breathe a sigh of relief, as there will not be a serious slowdown in economic growth caused by the government shutdown." The US employment data may be the most anticipated data that has not been released due to the government shutdown, and investors are weighing whether the Federal Reserve will cut interest rates again in December. "For the stock market to continue its upward trend, the data must be weak enough to prompt the Federal Reserve to cut interest rates, but not too weak to cause concerns about an economic slowdown," Metcalfe said.
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