After the unexpected interest rate hike by the US dollar, the global financial market has actually welcomed a surge in prices.

Stock markets in Asia, Europe, and the United States have risen, as have commodity prices for gold, oil, and copper, and the exchange rates of most non-US currencies have increased.

Amidst the chorus of rising prices, only the US Dollar Index has fallen.

01. Stock markets in various countries have risen

Yesterday during the day, after the Asian stock market opened, the Japanese stock market fell and did not show any rebound until it closed at 2 pm, with the Nikkei 225 index down by 1.68%.

However, this almost became the only phenomenon, as the stock markets of various Asian countries that opened subsequently all showed increases.

In the end, Australia and New Zealand saw gains of 0.4 to 0.5%, while South Korea, Singapore, and Malaysia all saw increases close to 1%.

The best performance was not in A-shares but in the Hang Seng Index in Hong Kong, China, which rose sharply by 5.36%, successively reclaiming the 15,000 and 16,000 point thresholds, and the Hang Seng Technology Index even saw an intraday increase of over 10.8%.

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Subsequently, as the European market opened, the indices of various countries also rose. By the time of closing, except for Russia which fell by 1.3%, the indices of other countries all increased by more than 1%, with the three major stock markets of the UK, France, and Germany all rising by more than 2%, and Austria's increase reaching 4.7%.

02. US interest rate hikeIt appears that the United States has conducted a "fake rate hike," with the interest rate increase once again reaching the standard 75 basis points.

Goldman Sachs has pointed out that the Federal Reserve will reduce the rate hike to 50 basis points in December, and without a doubt, the market has responded to this news with a报复atory rebound.

However, the Federal Reserve's stance suggests that the final interest rate level for next year will be significantly higher than the 4.6% anticipated at the September meeting.

In response, many market analysts also believe that the U.S. federal interest rate will ultimately settle at 5.25%. Based on this calculation, under current circumstances, the Federal Reserve still needs at least one more rate hike of 50 basis points and 3 to 4 rate hikes of 25 basis points each.

The rate hikes have not yet come to a halt, nor has there been a clear policy shift, and the market's rise has apparently already factored in this change.

03, U.S. Stocks

However, despite significant gains in stock markets worldwide, the U.S. stock market's gains have been relatively weak.

As of the closing bell this morning, following four consecutive trading days of declines, the three major U.S. stock indices rose by around 1.3% on the last day of the week.

This has resulted in a weekly perspective where, after four weeks of gains, the Dow Jones Industrial Average fell this week, with a cumulative decline of 1.4%. The S&P 500 index fell by 3.35% for the week.

Due to tech giants' earnings reports falling short of market expectations, they experienced significant declines, and as a result, the Nasdaq Composite index fell by 5.65% for the week, ending its previous two-week winning streak.Commodities

Yesterday, the US Dollar Index experienced a significant decline, ultimately returning to the level of 110.78.

Affected by this, the commodity market rose across the board. As of the closing price in the early morning, the international gold price per ounce returned to $1685, also returning to the price on October 10th.

Silver futures prices surged by 7.64% yesterday, almost the highest level since early June.

International crude oil prices also saw a substantial increase, with WTI crude oil prices rising back to $92.6. The previous rise to $93.6 began to decline, but now it seems that next week will surpass the previous high.

For non-ferrous metals such as copper, yesterday's international copper prices set a record for the highest single-day increase since 2022, with international copper prices rising by 8% within a single trading day.

The explosive rebound in commodities is mainly due to the previous suppression by the continuous appreciation of the US Dollar Index, and now the release of short-term pressure has caused this.

Whether the rebound can continue in the future is not only related to the trend of the US Dollar Index but also has a significant relationship with whether the global economy will continue to be sluggish.