#MarketNews
Happy Friday, dear traders! Look at the major news on this week's last trading session!
According to the WSJ, the US plans to block imports from 26 more Chinese companies. The US has already imposed tariffs on Chinese chips, minerals, and electric vehicles.
According to Barkin from the Federal Reserve, inflation is decreasing, but the process will take longer. The key issue is determining how long interest rates need to be maintained at their current level.
Following the US House of Representatives, the Senate has voted to repeal SEC SAB 121, which prohibited strictly regulated financial firms from holding crypto on their balance sheets. BTCUSD has risen to 65,808.
BMO has raised its year-end 2024 target for the S&P 500 to 5600 points, the highest target on Wall Street. Currently, the US50 is trading at 5301.
US Representative Thomas Massie, dissatisfied with the Federal Reserve's handling of rising inflation, has introduced a bill to dissolve it.
The "long" bonds China has begun issuing to finance further economic support are in high demand among foreign investors. According to Bloomberg, the auctions for these bonds have been oversubscribed multiple times.
According to Bloomberg, China continues to actively purchase gold and has begun selling US government debt at record rates. XAUUSD has risen to 2385.
The Dow Jones Industrial Average has surpassed the 40 000 mark for the first time in history. Currently, the US30 has slightly corrected to 39 896.
How was your trading week? Share your opinion in the comments!
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