Federal Reserve inflation data triggers market explosion, platinum and precious metals surge

Central Bank Decisions and Inflation Data Dominate Today’s Market

U.S. stocks opened higher across the board, with all three major index futures rising. As of 5:04 AM Eastern Time, Dow futures are up 0.14%, S&P 500 futures increased by 0.44%, and Nasdaq 100 futures led the gains with an increase of 0.80%. Tech stocks are leading the rally, with NVIDIA (NVDA) up 1.12% and Tesla (TSLA) rising 1.65%. Notably, Micron Technology (MU) surged 10.03% pre-market, surpassing market expectations with its earnings report.

The market focus tonight at 21:30 will be on the November US CPI data. Analysts generally expect the year-over-year CPI to rise to 3.1%, slightly higher than September’s 3.0%, while core CPI is expected to remain at 3.0%. This data will be decisive for future policy directions—if inflation falls back to the 2% range, it will strengthen market risk appetite and create opportunities for the year-end “Christmas rally” in US stocks; conversely, if it remains above 3%, it will reinforce expectations of maintaining high interest rates for a longer period.

Central Bank Movements Drive Currency Fluctuations

The Bank of England will announce its interest rate decision tonight at 20:00, with widespread market expectations of a 25 bps rate cut. The European Central Bank will follow at 21:15, with expectations to keep the deposit facility rate unchanged at 2%. These decisions will directly impact the GBP and EUR exchange rates. Currently, EUR/USD is at 1.1721, down 0.16% from the previous day.

Platinum and Palladium Surge to Over a Decade High

The precious metals market is rallying, with platinum and palladium rising for the sixth consecutive trading day. Platinum briefly surged to $1978 per ounce, hitting a new high not seen since 2008. According to the World Platinum Investment Council, the global platinum market will face its third consecutive year of supply shortages in 2025, with the supply gap expected to persist until 2029, providing strong fundamental support for platinum prices.

Crypto Assets Face Correction Pressures

Negative news in tech stocks rekindles concerns over the AI bubble, putting pressure on the Crypto market. Ethereum (ETH) briefly fell below the $2800 psychological level, currently trading at $2.95K, down 0.27% in 24 hours. Bitcoin (BTC) is at $87.61K, down 0.10% over the past 24 hours, with the market currently showing sideways movement. Industry insiders suggest that before new catalysts emerge, Bitcoin will remain range-bound, with the large options expiration in late December potentially serving as the next turning point.