Chinese concept stocks retreat, US dollar rebounds, oil prices rise for the second consecutive week | Overseas major asset weekly report
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This week, the US dollar index rebounded, while most non-US currencies fell. Chinese concept stocks fell across the board, dropping nearly 7%. International oil prices rose for the second consecutive week due to tensions in the Middle East, with US oil up 1.6% and Brent oil up 1.3%. Major US stock indices hit historic highs, with the financial sector rebounding due to strong performance by major banks. In September, US PPI remained flat month-on-month, while core PPI increased by 0.2%. The market expects the probability of a rate cut by the Federal Reserve in November to exceed 95%. Spot gold rose slightly, while most base metals closed lower
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