Risk appetite rebounded after the Federal Reserve's decision, leading to a rise in US stock markets

Waiting for tonight's employment report

On Thursday (November 2nd), a day after the Federal Reserve hinted at the possibility of ending the interest rate hike cycle, the US stock market rose as traders waited for Friday's employment report. Apple has released its latest quarterly financial report that exceeded expectations. The Wall Street 'Fear Index' VIX fell below 16 and broke through key technical levels.

Driven by oversold conditions and positioning, the S&P 500 index rose nearly 2%, its best performance since April. The Wall Street 'Fear Index' VIX fell below 16 and broke through key technical levels. Long term treasury bond bonds outperformed the market, and the yield of 30-year US treasury bond bonds fell 13 basis points to 4.8%. The US dollar index fell. The pound rose as the Bank of England declined interest rate cuts. The oil price has exceeded $82.

Prior to the release of employment data, a report showed the largest increase in labor productivity in the United States in three years, which helped alleviate the inflationary impact of recent wage increases. The number of people applying for unemployment benefits has risen for the sixth consecutive week, indicating that the unemployed are finding it harder to find new jobs. Economists predict that following the 336000 increase in non farm employment in September, the number of non farm employment will increase by $180,000 in October.