The market's "frightening" moment at noon: After a sharp drop, U.S. stock futures and risk assets like cryptocurrencies rebounded, while gold surged and then fell back

Wallstreetcn
2025.10.30 23:08
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After Trump's speech, S&P 500 index futures and Nasdaq index futures turned from decline to flat. Some European stock index futures fluctuated slightly higher. Bitcoin fell 1.8% during the day. Gold surged and then retreated, with the increase narrowing to 0.61%. U.S. Treasury prices rebounded. The dollar gave back some of the gains from the previous trading day

According to CCTV News, on October 30th local time, the leaders of China and the United States met in Busan, South Korea. The meeting lasted approximately 1 hour and 40 minutes and concluded.

After Trump's speech, S&P 500 index futures and Nasdaq index futures reversed from a decline to flat. Some European stock index futures fluctuated slightly higher. Bitcoin fell 1.8% during the day. Gold surged and then retreated, with the increase narrowing to 0.61%. U.S. Treasury prices rebounded. The dollar gave back some of the gains from the previous trading day.

  • S&P 500 index futures and Nasdaq index futures reversed from a decline to flat.
  • Some European stock index futures fluctuated slightly higher. The Euro Stoxx 50 index futures rose 0.05%. The German DAX index futures reversed their decline, rising 0.1%.
  • U.S. Treasury prices rebounded, with the 10-year Treasury yield down 1 basis point to 4.06%.
  • The 2-year Japanese government bond yield fell 1 basis point to 0.930%. The 5-year Japanese government bond yield dropped 0.5 basis points to 1.22%, reversing earlier gains.
  • The U.S. dollar spot index fell 0.1%. The euro rose 0.2% to 1.1628 USD.
  • The yen against the dollar remained relatively unchanged at 152.83.
  • The offshore yuan remained stable, latest at 7.1022 yuan to 1 USD. The onshore yuan also remained stable, latest at 1 USD to 7.0970 yuan.
  • The spot gold increase once expanded to 1%, but then narrowed to 0.61%.
  • West Texas Intermediate crude oil fell 0.5% to 60.17 USD per barrel.
  • Bitcoin fell 1.8% to 108,943.42 USD during the day.

After Trump's speech, the market trend reversed, with S&P 500 index futures and Nasdaq index futures moving from a decline to flat.

The spot gold increase once expanded to 1%, but then narrowed to 0.61%.

The offshore RMB fluctuated little, currently quoted at 7.1022 yuan per 1 US dollar. The onshore RMB also fluctuated little, currently quoted at 1 US dollar for 7.0970 yuan.

Some European stock index futures are slightly higher. The Euro Stoxx 50 index futures are currently up 0.05%. The German DAX index futures have reversed their downward trend, rising 0.1%.

This article is continuously updated

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