The American clues continued their ascent, galvanized by July inflation below the forecasts. This macroeconomic signal propelled the anticipations of a drop in Fed rates in September, now almost acquired in the eyes of investors. Carried by this momentum, optimism also gains the market of cryptos and Asian technological giants, drawing a global movement where macroeconomics, traditional finance and Defi are advancing in concert.
In short
- The American clues progress after the publication of inflation figures of July below expectations.
- Investors now almost unanimously anticipate a drop in Fed rates in September.
- The bond market is relaxing, with yields at 10 and 30 years old in sharp decline.
- Chinese technological giants jump, carried by a peaceful commercial climate and the lower rate prospect in the United States.
Wall Street powered by the anticipation of a monetary turning point
While many investors believe that a new fall in inflation could more propel Bitcoin, the American clues opened on Wednesday morning, in the wake of the Report on the Consumer Price Index (ICC) in July.
Although inflation has progressed slightly, it has remained below forecasts, strengthening the hypothesis of a rapid monetary easing.
The weaknesses of the job market strengthen the scenario of relaxation of monetary policy.
Here is Strong facts relating to clues When the session is opened:
- Dow Jones: +0.84 % to 44,830.33 points;
- The S&P 500: +0.4 %;
- The Nasdaq Composite: +0.31 % to 21,748.34 points;
- The probability of a drop in rates in September: almost 100 % (CME Group);
- 10 -year yield: 4.25 %;
- 30 -year yield: 4.84 %;
- The most dynamic sectors: discretionary (+0.7 %) and technology (+0.6 %) consumption.
This bond relaxation reflects a rapid adjustment of rate expectations and strengthens appetite for values sensitive to credit conditions. Investors already seem to position themselves for an environment where the cost of capital would be lower, potentially stimulating the profits from cyclical and technological companies.
Crypto, IPO and Asian markets in effervescence
Apart from the American Wall Street indices, the news was marked by the IPO of Bullish, the operator of a Crypto platform and owner of Coindesk.
Set at $ 37 per share, above the planned range, The price of the IPO enhances the company to $ 5.41 billion and allows it to raise 1.1 billion. This success contrasts with his aborted attempt from 2021 via a SPAC.
More broadly, the Crypto market has a favorable American political environment and a renewed institutional interest, illustrated by the progression of various altcoins.
Asian places have also benefited from this promising context. Tencent jumped 4.7 % after announcing growth in turnover higher than expectations (+15 %), while Alibaba and JD.com gained 3.6 % and 2 % respectively.
The appeasement of trade tensions between Beijing and Washington and the hope of a more flexible monetary policy in the United States fuel this movement. THE Vixvolatility index, fell to 14.49, its lowest level since December 2024, confirming the confidence, or the complacency, of investors.
Between positive macroeconomic signals, monetary softening expected in September as the Goldman Sachs anticipate, and catalysts specific to the crypto and technological sectors, the markets evolve in a marked climate of optimism. However, the next publications, including the Producer Price Index and retail sales, could reconfigure this scenario.
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