On Thursday, July 4th, the US stock market was closed for the Independence Day holiday. The focus was on the UK elections, and US economic data supported a dovish policy. Investors' expectations for a rate cut by the Federal Reserve later this year became more optimistic, and most European stock markets rose.
The bond market saw a slight decline, with cryptocurrencies generally falling. The US dollar and Japanese yen remained weak, while crude oil saw a slight decline and gold continued its upward trend.
As of the time of writing, the pan-European STOXX 600 index rose by nearly 0.6%, the UK FTSE 100 index rose by 0.8%, the French CAC 40 index rose by 0.7%, and the stock markets in Italy and Germany saw slight gains. On the morning of July 4th local time, the UK general election voting began.
European and American major bond markets saw a slight decline, with the yield on German 10-year government bonds rising by 2 basis points intraday.
The yield on the 10-year US Treasury note rose by more than 2 basis points.
Cryptocurrencies experienced a general decline, with Bitcoin falling by over 4% in the past 24 hours, Ethereum falling by over 4%, Dogecoin falling by nearly 8%, and Cardano falling by nearly 4%.
Expectations for a rate cut intensified, leading to a slight decline in the US dollar index, with an intraday decline of 0.17%.
The Japanese yen continued its decline, with the USD/JPY pair falling below 161, down by 0.44% intraday.
Oil prices saw a slight decline, with Brent crude and WTI crude falling by 0.6% intraday.
Spot gold continued its upward trend, rising by 0.1% intraday

Cryptocurrencies are generally down, with Bitcoin dropping over 4% in the past 24 hours, Ethereum dropping over 4% in the past 24 hours, Dogecoin dropping nearly 8% in the past 24 hours, and Cardano dropping nearly 4% in the past 24 hours

US stock market closed! Most European stocks rose, Bitcoin fell by 4%, US bonds, US dollar, and crude oil weakened, while gold prices rose