Today's Market News



The Middle East situation continues to escalate, with US-Iran conflicts intensifying. WTI crude oil surged by 19.55% to $108.67, and Brent crude oil also rose sharply, significantly fueling inflation concerns.

US February non-farm employment data significantly missed expectations, with a decrease of 92,000 jobs, far below the forecast of +180,000, marking the second-lowest since 2020. The unemployment rate stood at 4.4%, with the previous figure being substantially revised downward, increasing worries about stagflation.

US stocks plummeted across the board, with financial stocks leading the decline. BlackRock dropped 7.7%, market risk appetite declined, and the crypto market also weakened accordingly.

The Federal Reserve's rate cut expectations fluctuated again, with the probability of a rate cut in March decreasing significantly. The window for rate cuts in June and July remains highly debated.
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