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in the evening, the three major u.s. stock indexes all rose.

in terms of individual stocks, oracle's stock price soared, and its total market value once reached us$480 billion.

oracle's executive vice president doug kehring revealed at the company's financial analyst meeting this year that the company's revenue is expected to reach at least $66 billion in fiscal 2026. this is an increase of $6.5 billion from the company's previous guidance, and the new guidance further exceeds analysts' current average estimate of $64.5 billion.

the european market was also booming.

gold surges

it is worth noting that in the evening, gold prices soared again, with comex gold breaking through $2,600.

analysts believe that the continued rise in gold prices is mainly due to the following reasons: first, the demand for gold to hedge against us dollar credit due to de-dollarization has increased. second, expectations of a rate cut by the federal reserve have increased, and the downward trend in actual interest rates has driven up demand for gold investment. third, market risk aversion has also boosted demand for gold.

rate cut next week?

the federal reserve will hold a monetary policy meeting from september 17 to 18.

the market generally expects the fed to cut interest rates by 25 basis points. the fed's target interest rate range is now 5.25% to 5.5%.

however, former new york fed president dudley said at the bretton woods committee forum in singapore that the fed had "good reason" to cut interest rates by 50 basis points.

dudley said he believes a 50 basis point rate cut is possible at the fed's meeting next week in the current economic environment.

dudley stressed that the unexpected slowdown in the u.s. labor market and job market risks outweighed inflation challenges, believing that these factors supported his call for a rate cut.

tonight, the united states continues to release economic data, among which, the import price index in august rose 0.8% year-on-year, expected to rise 0.9%, and the previous value rose 1.6%; it fell 0.3% month-on-month, expected to fall 0.2%, and the previous value rose 0.1%. the export price index fell 0.7% year-on-year, expected to rise 1.4%, and the previous value rose 1.4%; it fell 0.7% month-on-month, expected to fall 0.1%, and the previous value was revised from 0.7% to 0.5%.