Newsletter summary

The Federal Reserve is expected to cut interest rates in September and expect a big increase of nearly 2%. The three major indexes of US stocks rose collectively on Friday (3rd), US Eastern time. By the close, the Dow was up 1.Boozybingo.18%, the Nasdaq is up 1.Boozybingo.99%, the S & P 500 index rose 1.26%. Comprehensive foreign media reports, the data released on the same day show.

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The Federal Reserve is expected to cut interest rates in September and expect a big increase of nearly 2%. The three major indexes of US stocks rose collectively on Friday (3rd), US Eastern time. By the close, the Dow was up 1.18%, the Nasdaq was up 1.99%, and the S & P 500 was up 1.26%. According to comprehensive foreign media reports, data released on the same day show that non-farm payrolls in the United States increased by 175000 after the quarterly adjustment in April, with an expected increase of 243000; the unemployment rate rose from 3.8% to 3.9%; and the wage data was also lower than expected. Analysts believe that this is alleviatingBoozybingoInvestors worried that the economy might overheat or reaccelerate, and rekindled it.BoozybingoExpectations of a cut in interest rates. The swap market now expects the Fed to cut interest rates by 25 basis points twice this year, compared with one previously expected; the FedWatch shows a close to 50 per cent chance of a 25 basis point cut in September. Large technology stocks rose across the board, most bank stocks rose, and chip stocks performed strongly. Hot Chinese stocks generally rose, with the Nasdaq China Golden Dragon Index rising 1.73%. China General New Energy vehicle stocks fell.