PANews, June 10th - According to QCP Markets, global markets remain under pressure, with escalating tensions between the US and Iran, uncertainty surrounding the Strait of Hormuz, and rising inflation concerns all contributing to a decline in cross-asset risk appetite. Last week's stronger-than-expected US non-farm payroll data weakened market confidence in cooling inflation, making tonight's US CPI data the most critical macroeconomic risk event. QCP points out that the market expects US CPI year-on-year growth to exceed 4.2%. If the data is higher than expected, it could further reinforce the Federal Reserve's hawkish stance and put pressure on risk assets.

Meanwhile, Oracle Corporation will release its earnings report today. Following Broadcom Inc.'s stock price plunge due to weaker-than-expected AI business guidance, the market's tolerance for AI-related stocks has clearly decreased. If Oracle's earnings guidance or profit margins are weak, it could further drag down tech stocks and overall market sentiment. QCP believes that against the backdrop of simultaneous pressure from geopolitical factors, inflation expectations, interest rate paths, and the AI ​​sector, the crypto market will continue to fluctuate in line with risk assets in the short term. Before the release of CPI data and Oracle's earnings results, the market may remain fragile and highly sensitive to news.