Trade concerns dampen risk appetite, U.S. stock index futures collectively decline, gold and silver rise, Bitcoin drops over 1%

Concerns about trade prospects have intensified again. Although the market is optimistic about the impending end of the U.S. government shutdown, this positive factor has not effectively boosted risk appetite. As a result, U.S. stock index futures and most cryptocurrencies have generally retreated, while safe-haven funds have pushed spot gold prices higher.

On November 11, market sentiment turned cautious. U.S. stock index futures generally declined, European stocks opened higher collectively, and major Asian stock indices showed mixed performance. Due to the Veterans Day holiday, the U.S. bond market was closed, and the U.S. dollar index remained flat overall. Gold and silver rose simultaneously, while cryptocurrencies continued their downward trend.

The U.S. government shutdown has reached a historic 41 days and is expected to end as early as Wednesday. Previously, the Senate's advancement of a temporary funding bill was interpreted by the market as a signal that the deadlock had been broken, which boosted market sentiment. Hebe Chen, an analyst at Melbourne Vantage Markets, stated:

"Market confidence remains cautious. Although investors welcome the atmosphere of 'business as usual,' the month-long gap in economic data means that the next wave of U.S. economic data releases could bring new surprises—even in the midst of heightened optimism, the market still needs to remain vigilant."

The core market trends are as follows:

• U.S. stock index futures collectively retreated slightly, with S&P 500 futures down 0.16%, Nasdaq 100 futures down 0.26%, and Dow Jones futures down 0.04%
• European stocks opened higher collectively, with the Euro Stoxx 50 index up 0.25%, the UK FTSE 100 index up 0.89%, the French CAC 40 index up 0.31%, and the German DAX 30 index up 0.14%. At the beginning of trading, the UK FTSE 100 index reached a historical high, rising over 1%.
• The Nikkei 225 index fell 0.14%, while the Korea Composite Stock Price Index rose over 0.8%
• The yield on Japan's 10-year government bonds remained unchanged at 1.690%
• The U.S. dollar index rose 0.14%, to 99.7
• Spot gold rose 0.35%, currently at $4,129 per ounce
• Bitcoin fell 1.15%, to $105,225, while Ethereum dropped 1.31%, to $3,562.3

U.S. stock index futures collectively retreated slightly. Although the government reopening allows for the resumption of economic data releases, aiding the market in assessing Federal Reserve policy, the uncertainty surrounding trade prospects significantly dampens optimism.

The Korea Composite Stock Price Index rose over 0.8%. The increase in the Korea Composite Stock Price Index was driven by a continued rebound in technology stocks. Shares of South Korean chipmakers SK Hynix and Samsung Electronics both rose nearly 4%, becoming the main drivers of the index's increase.

Spot gold rose more than 0.3%, breaking through $4,100 per ounce again.