White House confirms China-US summit meeting, US stocks Dow rose more than 1,000 points

U.S. inflation rose less than expected last month, with the core consumer price index (CPI) excluding food and energy prices rising 6.3 percent year-on-year.

After the news was announced, market participants' hopes that the Federal Reserve will cut interest rate hikes to 0.5% next month intensified, and drove the three major U.S. indexes to surge in the early session.

【00:45】

European stocks closed higher.

German stocks rose 3.5%, French stocks rose 1.96%, British stocks rose 1.08%, and the pan-European STOXX 600 index rose 2.75%.

【00:35】

U.S. stocks surged again after the White House confirmed that President Biden will meet with Chinese President Xi Jinping on Monday.

The Dow was at 33,514 points, up 1,000 points or 3.08%; the benchmark index was at 3,923 points, up 175 points or 4.68%; the Nasdaq Composite was at 10,990 points, up 637 points or 6.15%.

【23:10】

U.S. stocks expanded their gains. The Dow last reported 33,462 points, up 948 points, the S&P last reported 3,904 points, up 155 points, and the Nasdaq rose 588 points to 10,938 points.

The U.S. dollar index fell faster and was last at 108.74, down 1.64%.

In terms of European stock markets, the German DAX index was last at 14,110 points, up 444 points, the British FTSE index was 88 points at 7,384 points, and the French CAC index was last at 6,557 points, up 126 points.

【22:32】

The Dow last reported 33,333 points, up 819 points, the S&P rose 130 points to 3,879 points, and the Nasdaq last reported 10,859 points, up 506 points.