Bitcoin once soared by 10%, and the conflict between Palestine and Israel continues to escalate | Global Market

Overnight stock market

On Monday Eastern Time, the three major US stock indices collectively closed higher, with the Dow up 0.93%, the Nasdaq up 1.2%, the S&P 500 up 1.06%, popular technology stocks up generally, Amazon up 2.12%, Meta up 2%, Microsoft up 1.51, Google A up 1.27%, NVIDIA up 1.38%, Tesla up 1.1%, and Netflix up 1.42%.

Popular Chinese concept stocks fluctuated, with the Nasdaq China Golden Dragon Index rising 0.32%. Tencent Music rose by over 6%, JD.com rose by over 2%, while Manbang, Weibo, NetEase, NIO, and Alibaba slightly rose. Xiaopeng Automobile fell nearly 5%, Ideal Automobile fell more than 2%, Pinduoduo, iQiyi, Vipshop, Futu Holdings, Bilibili, and Baidu slightly declined.

Mark Hackett, Director of Investment Research at Nationwide, stated that financial markets initially weaken after experiencing geopolitical events, but then rise again and ultimately fluctuate with corporate profits, economic growth, and other long-term fundamental factors.

The main European stock indices closed generally higher, with the DAX30 index in Germany rising 0.34%, the FTSE 100 index in the UK rising 0.42%, the CAC40 index in France rising 0.27%, and the Stoxx 50 index in Europe rising 0.34%.

commodity market

WTI crude oil futures closed 1.17% lower at $86.66 per barrel; Brent crude oil futures closed 1.3% lower at $89.65 per barrel.

COMEX gold futures closed 0.37% lower at $1934 per ounce; COMEX silver futures closed 0.55% lower at $22.76 per ounce.

Cryptocurrency skyrocketed during the trading session, with Bitcoin rising from less than $28000 per coin to $30000, with a maximum increase of over 10%. Due to the announcement on social media by the Cointelgraph website that the US Securities and Exchange Commission (SEC) has officially approved the 'Asus Spot Bitcoin ETF', BlackRock subsequently refuted the rumor.

The market focuses on the Israeli-Palestinian conflict, with the Israeli shekel falling below the 4 shekel mark against the US dollar for the first time since 2015. Since the outbreak of the new round of Israeli-Palestinian conflict on October 7th, it has fallen by over 4%.

Market news

The Israeli military says armored vehicles and ground troops are ready to enter the Gaza Strip

According to Arabiya TV, on Monday night local time, the Israeli army stated that Israeli armored vehicles and ground troops were ready to enter the Gaza Strip.

Iranian Foreign Minister: There is not much time left for a political solution to the Israeli-Palestinian conflict

According to Iran's Tasnim news agency on Monday, Iranian Foreign Minister Abdullahian has communicated with the foreign ministers of Malaysia, Tunisia, and Pakistan. Abdullahian stated that there is not much time left for a political resolution of the Israeli-Palestinian conflict, and the expansion of the conflict to other fronts may be inevitable.

Hamas's armed factions claim to have fired more than 100 rockets into Tel Aviv, Jerusalem, and other areas

According to multiple media sources including Al Jazeera TV, on Monday night local time, the armed faction of the Palestinian Islamic Resistance Movement (Hamas), the Qassam Brigade, stated that it fired more than 100 rockets at Tel Aviv, Jerusalem, Belsheba, and Ashkelon on that day.

Putin Holds Phone Talks with Leaders of Multiple Countries to Discuss the Israeli-Palestinian Situation

Russian President Putin held telephone talks on Monday with Syrian President Bashar Assad, Iranian President Ibrahim Lehi, Palestinian President Mahmoud Abbas, and Egyptian President Abdul Fatah Sesi. According to the Kremlin website, all calls revolve around the rapidly escalating Israeli-Palestinian conflict. Putin and heads of state expressed great concern over the large-scale escalation of armed operations, the catastrophic increase in civilian casualties, and the deepening humanitarian crisis in the Gaza Strip. All parties unanimously agree on the need for an early ceasefire in order to provide emergency assistance to all those in need. Putin listened to the opinions of foreign leaders and emphasized the urgency of resolving the humanitarian situation in Gaza, as well as the necessity of lifting the blockade on the Gaza Strip to ensure the urgent delivery of drugs, food, and other important supplies.

The US Defense Minister issued an order to 'prepare for deployment'

According to Fox News, a US official stated that US Defense Secretary Austin has issued a "ready to deploy" directive to selected US soldiers to provide support when needed by Israel. According to the Wall Street Journal, about 2000 soldiers were selected last weekend, but the exact number has not been confirmed. It is currently unclear which units have been selected and under what circumstances they can be deployed.

Lagarde: The European Central Bank is paying attention to the impact of oil prices on inflation under the Israeli-Palestinian conflict

According to insiders, at the closed door meeting of eurozone finance ministers held on Monday, European Central Bank President Lagarde stated that the European Central Bank is closely monitoring the impact of oil prices on inflation under the Israeli-Palestinian conflict. Some analysts suggest that escalating conflicts may push oil prices up to $100 per barrel. Based on an estimate that oil prices will drop from $82.7 per barrel this year to $77.9 per barrel in 2025, the European Central Bank predicted in September that inflation growth will slow to 2% in 2025. Lagarde stated at the meeting that the risk of rising oil prices will hit Europe and the United States, and US Treasury Secretary Yellen also attended the meeting. Last week, the European Central Bank's governing committee, Villeneuva, emphasized that policymakers remain vigilant about inflation, but there is still a clear downward trend in inflation, and the key lies in whether the conflict will escalate.

US House Speaker candidate Jordan seeks a full house vote at noon on Tuesday

Jim Jordan, the Republican candidate for Speaker of the House of Representatives in the United States, is working hard to win the support of skeptical Republican lawmakers. In the full House vote, Jordan can only lose up to four votes in order to gain a majority and be elected. A Republican congressman believes that there are still about 40 votes' against '. But another source stated that Jordan has had active dialogue with lawmakers and believes that he will be elected as Speaker by Tuesday evening local time; The vote may be held on Tuesday, and if necessary, Jordan may decide to vote multiple times to win a majority of seats. However, if Jordan fails to gain sufficient support, Republicans will return to the starting point, causing the House of Representatives to fall into a state of no speaker paralysis two weeks after McCarthy's downfall.