【#The European Central Bank may cut interest rates by another 25 basis points #, last week#International oil prices dropped nearly 10%#] A number of economic data released last week showed that U.S. manufacturing activity is still in a shrinking range and the job market is accelerating. This has caused investors to worry about the U.S. economic outlook. The three major U.S. stock indexes fell significantly across the board last week. The Dow fell 2.93%, the S & P 500 fell 4.25%, and the Nasdaq fell 5.77%. Among them, the S & P 500 index and the Nasdaq index hit their biggest weekly declines in a year and a half and in the past two years respectively.

International oil prices fell sharply last week

In terms of crude oil futures, signs of slowing economic growth in the United States, the world's largest oil consumer, have become increasingly obvious. Investors are bearish on the growth prospects of global oil demand, and international oil prices have fallen sharply last week. Oil prices fell 7.99% in New York and Brent oil prices fell 9.82%. Among them, oil prices in New York fell to a new low since June last year.

International gold prices fell slightly last week

In terms of precious metals, international gold prices fluctuated slightly near historical highs last week, with a cumulative decline of 0.12% throughout the week.

This week, investors focus on US August CPI data

This week, investors are focusing on the U.S. consumer price index (CPI) data for August to be released on Wednesday, Beijing time. The market currently has great differences in expectations for the Federal Reserve's interest rate cut this month. The probability of a 25 basis point interest rate cut is almost the same as the probability of a 50 basis point interest rate cut. The release of U.S. CPI data in August will guide the market to adjust its expectations for the Federal Reserve's interest rate cut, or trigger fluctuations in the capital market again. Some analysts expect the U.S. core CPI excluding food and energy prices to increase by 3.2% year-on-year in August, unchanged from July.

The European Central Bank will announce its latest interest rate decision this week

The European Central Bank will announce its latest interest rate decision on Thursday. It is widely expected that this interest-rate meeting will cut interest rates by 25 basis points. Many institutions believe that the European Central Bank will choose a cautious path to cut interest rates, because the euro zone economy is facing both the challenges of weak growth and the persistence of inflationary stickiness in the service industry. It is expected that the European Central Bank will cut interest rates again by 25 basis points in the fourth quarter of this year. In addition, U.S. technology giant Apple will hold a new product launch this week. Although there may not be many hardware upgrades for the new generation of smartphones, investors will focus on how many new "Apple Smart" features the new model can deploy.