According to CoinMeta, on Thursday, U.S. stocks rose as investors lowered their expectations for interest rate hikes in the United States, with the S&P 500 index hitting a record high during the session. Meanwhile, oil prices fell due to increased inventories and lower global demand forecasts, with Brent crude oil futures dropping to $86.72 per barrel, a decrease of 2.54% for the day. Analysts pointed out that the rise in the U.S. federal budget deficit to $432 billion could put upward pressure on long-term borrowing costs. Japan's producer price index rose by 7.2% year-on-year in July, further reinforcing market expectations for a interest rate hike by the Bank of Japan next month.