Although the U.S. April new non-farm payrolls far less than expected, less than 30% of the number of market expectations, but Treasurer Yellen said non-farm payrolls data highlight the recovery is a long process, believe that next year will achieve full employment, suspecting that the United States will not enter the inflationary cycle. U.S. stocks Friday in energy stocks, industrial stocks and some blue-chip technology stocks led by a high opening, the two major U.S. stock index hand in hand to record highs, the first week of May rose, only technology stocks dragged down the Nifty tired down. Commentary that the non-farm payrolls report eased market concerns about the continued rise in inflation and the withdrawal of economic stimulus.
Some stocks are more volatile by the impact of earnings results, the first stock of artificial meat Beyond Meat announced a quarterly loss higher than market expectations, lower-than-expected revenue, shares once fell 10%; “truck industry Tesla” Nikola quarterly loss per share only half of analysts’ expectations, shares rose by more than 10% during the day.
Among the Chinese stocks, after the controversy over the “milk pouring video” and the order to stop recording the idol practice program “Youth Have You” Season 3, Akiyoshi fell for the fourth consecutive day and closed at a record low; Tencent-backed China’s first stock of insurtech, Waterdrop, had a bad start and broke on its first day of trading. Another new stock, Onion Global Limited, the parent company of cross-border e-commerce Onion Group, had risen more than 60% after announcing its opening price, but quickly turned down and eventually also broke.
After the release of the non-farm payrolls data, the dollar index fell sharply and U.S. Treasury yields dived intraday, dropping by as much as 10 basis points during the day, but U.S. stocks erased all the declines and turned up in early trading. The dollar’s intraday decline was unchanged, falling to a two-month trough and thus accumulating losses throughout the week. Cryptocurrencies like bitcoin advanced as the dollar weakened, with some mainstream currencies other than bitcoin such as dogcoin surging throughout the week and ethereum rising more than 20% for the week despite failing to hit an intraday high for the fourth day this week.
Most of the commodities continued to rise, ferrous system, the domestic iron ore continues to set new record highs; industrial metals, the global demand recovery and green energy innovation demand to promote the Lun copper week repeatedly hit the $10,000 mark, Friday finally broke the highest record a decade ago, although the first time in a decade to break the $30,000 mark Lun tin fell back, but and other metals in the first week of May are cumulative gains; precious metals, gold week The U.S. dollar and U.S. bond yields down intraday support to hit a new high since early February, and silver are all week rose; crude oil to get the dollar setback to help rebound, the same cumulative rise throughout the week.
In the European market, Europe’s largest economy, Germany’s exports surpassed expectations in March, Adidas raised its annual sales forecast, European stocks rose across the board, pan-European stock index led by technology and tourism stocks closed at a record high, German stocks in the best performance in European countries, approaching the highest level, the first week of May, European stocks collectively accumulated gains. Yields on European government bonds, except for British bonds, all generally recovered during the day, but yields, including British bonds, fell cumulatively throughout the week.
Dow three new highs to end two-week losing streak Nasdaq fell for three weeks Energy sector led the S&P Tesla’s first gain this week Waterdrop U.S. stock debut broke
Among the three major U.S. stocks, the Nasdaq Composite Index, which is supported by technology stocks, had the best performance all day, opening nearly 0.7% higher, up 1% intraday less than an hour after the opening bell, and up more than 1.4% when it set a new daily high late in the morning session. The Dow Jones Industrial Average had turned down at the beginning of the session, then quickly rebounded, a road trip, the third consecutive day of intraday highs at midday up more than 34,800 points, up more than 260 points during the day. S&P 500 index opened slightly lower, quickly turned up at the beginning of the session, rose through 4230 points at the end of the morning session to set a new intraday high, up nearly 0.9% during the day.
Finally, the three major indices closed up collectively for the second consecutive day and the second day of the week. The Dow closed up 229.23 points, or 0.66%, at 34,777.76 points, closing at a new high for the third consecutive day and closing higher for the fifth consecutive day. The S&P closed up 0.74% at 4232.60 points, a record closing high, up three days in a row. The Nasdaq closed up 0.88% at 13,752.24 points, up for two consecutive days, at the highest closing level in the last four days.
Small-cap stocks outperformed the three major stock indexes for the first time this week, with the value-cap-dominated small-cap index Russell 2000 opening higher and closing up 1.35%. The technology-heavy Nasdaq 100 index closed up 0.78%.
This week, the S&P rose 1.23%, up two weeks in a row, the Dow rose 2.67%, reversing a two-week losing streak, the Nasdaq fell 1.5%, down three weeks in a row; Russell 2000 rose 0.23%, continuing to underperform the S&P and Dow; the Nasdaq 100 fell 1%.
The S&P 500’s 11 sectors closed for the second consecutive day, up nearly 1.9% of the energy leader, real estate and industrial also rose more than 1%, materials rose more than 0.9%, information technology rose nearly 0.8%, the bottom of the rise was a slight increase of 0.01% of essential consumer goods. Only technology, utilities and non-essential consumer goods 3 sectors accumulated losses throughout the week, the energy sector rose far ahead of other sectors.
Most of the leading technology stocks closed up, Tesla rose nearly 1.3%, the first time this week closed up, ending a four-day losing streak. six major technology stocks in FAANMG, only Amazon and the end of the Facebook closed down, respectively, closed down more than 0.4% and nearly 0.3%, Microsoft rose more than 1%, Nifty rose nearly 0.9%, Google parent company Alphabet rose more than 0.6%, Apple rose more than 0.5%.
Energy stocks rose in general, Schlumberger, Marathon Oil rose more than 3%. Chip stocks rose in general, the semiconductor sector ETF rose 1.5%. Only Wells Fargo fell in the large U.S. banks, Goldman Sachs rose more than 1%, continuing to hit record highs in closing.
Volatile stocks, Nikola midday rose more than 14% at one point, closing up 13.4%; Beyond Meat had fallen about 10% at the beginning of the session, closing down 7%.
Among the Chinese stocks, the new stock Waterdrop Chip opened broken on its first day of trading on Friday and fell slightly more than 20% during the day, closing down 19.17%; Onion Global Limited, the parent company of Onion Group, had risen more than 60% shortly after announcing its opening price, and then quickly fell back to turn down, once falling nearly 17% during the day, closing down 3.45%. Akiyo fell more than 2%, falling for four consecutive days and hitting a new closing low in three years since its IPO.
In Europe, European stocks rose across the board, with the pan-European stock index Euro Stoxx 600 closing at a record high. Among individual stocks, Adidas rose more than 8%, supporting the German stock index in the European countries to lead the rise, German stocks approaching record highs. Among the various sectors, up more than 2% led by technology and travel.
Stork 600 accumulated 1.72% this week, the largest single-week gain since the week of March 12. Basic resources, where mining stocks are located, rose more than 7% for the week, the best performance among the sectors, while the technology sector had essentially zero growth for the week. Among the national stock indexes, the Spanish stock index continues to lead, and the British stocks are up more than 2%.
British bonds rose German bonds fell 10-year U.S. bond yields reversed 10 declines to rise
U.S. 10-year benchmark Treasury yields European shares had been at 1.58% above, fell sharply to 1.50% below, once down to test 1.47%, the intra-day drop of about 10 basis points, U.S. stocks opened gradually rebounded, early erased all the decline in the week to rise, the day had regained 1.58%, the intra-day rise expanded to 2 basis points.
By the time U.S. stocks closed, the 10-year U.S. bond yield was about 1.57%, almost unchanged from Thursday’s closing level. By the end of the day in New York, the 10-year U.S. bond yield rose more than 0.7 basis points during the day, the 30-year U.S. bond rose more than 3.5 basis points, while the 2-year fell nearly 0.8 basis points. For the week, the 10-year U.S. bond yield fell by nearly 5 basis points, the 30-year fell by nearly 2 basis points, and the 2-year fell by more than 1 basis point.
European government bond prices mostly retreated, yields rebounded, only the British bond prices rebounded on Thursday, after the release of U.S. non-farm payrolls data, European bond yields had moved down during the day. British 10-year benchmark government bond yields fell 1.7 basis points to 0.775% during the day; German bond yields rose 1 basis point to -0.215% during the same period. British bond yields fell 6.7 basis points this week, giving back half of last week’s gains, up 12.4 basis points last week to end a two-week losing streak; German bond yields fell 1.3 basis points, ending a five-week winning streak.
Dollar index hits two-month low and biggest weekly drop in six months Offshore yuan rises above 6.42 for the first time in more than two months Ether leaves highs for now but rises over 20% for the week Dogcoin doubles this week
The ICE US Dollar Index (DXY), which tracks the exchange rate of a basket of six major currencies of the US dollar, fell rapidly after the release of the US non-farm payrolls report, and US stocks sank further after the opening bell, with US stocks once falling below 90.20 in early trading, hitting a new intraday low since late February and falling more than 0.8% during the day.
By the close of U.S. stocks on Friday, the dollar index was below 90.22, down about 0.8% intraday, down nearly 1.2% for the week, giving back all the gains from last week, up more than 0.5% last week to end a three-week losing streak; Bloomberg Dollar Spot Index fell 0.7%, also at a two-month low, also down more than 1% this week, the largest single-week decline since early November last year, the fourth week of the last five weeks of cumulative losses.
Thanks to the plunge in the U.S. dollar, the offshore yuan (CNH) continued to move higher against the U.S. dollar, at 6.4161 yuan at 5:59 p.m. Beijing time on Feb. 8, rising above the 6.42 mark in late New York for the first time since Feb. 15 this year, up 483 points from Thursday’s late New York session, and trading in the 6.4674-6.4148 yuan range overall during the session, up 574 points for the week, up for five weeks in a row.
CoinMarketCap data showed that mainstream cryptocurrencies mostly rose on Friday, with multiple cryptocurrencies performing stronger than bitcoin (BTC). By the close of the U.S. stock market, Dogecoin (DOGE), the fourth largest cryptocurrency by market capitalization, was up more than 8% in the last 24 hours, and Litecoin (LTC), the tenth largest cryptocurrency, was up more than 5%.
Bitcoin (BTC) rose above $58,700 at midday in the U.S. stock market to refresh a four-day intraday high, up more than $3,000 from the daily low in early Asian trading, and closed slightly below $58,000 in the U.S. stock market, with a cumulative gain of nearly 4% in the last 24 hours, though for the full week.
Ether (ETH), the second largest cryptocurrency by market capitalization after Bitcoin, had fallen below $3,360 in the Asian trading session, down about 7% from the intraday all-time high set on Thursday when it rose above $3,600. U.S. stocks had regained $3,590 in early trading, approaching the intraday high, but fell back at midday and U.S. stocks closed above $3,510, up nearly 2% in 24 hours. ETH rose more than 20% for the week, setting new intraday highs on Monday, Tuesday and Thursday.
Cryptocurrencies mostly accumulated gains throughout the week, with DOGE up nearly 108.5% in the last seven days leading the way, Bitcoin Cash (BCH), the ninth largest cryptocurrency, up more than 30%, LTC up more than 20%, and BTC up less than 1%.
Copper stands at a record high of $10,000, the biggest gain in more than two months this week, and tin, which has fallen from a 10-year high, both rose for five weeks
London base metals futures continued to rise on Friday in addition to tin, tin ended a four-day streak of gains, falling to a high after rising above $30,000 for the first time in a decade. LunCu, LunZinc and LunLead rose for two days in a row, with LunCu closing above $10,400,000 and closing above $10,000 on both days, refreshing its all-time high from a decade ago; LunLead hit a new high since October 2019 for the third day this week; LunZinc hit a new high since June 2018 for the second time this week. Lunnickel rose for three days in a row, and three days all hit a new three-month high. Lunar aluminum rose for four days in a row and hit a three-year high for four days in a row.
The base metals all accumulated gains this week. LunCu, LunAl, LunLead, LunTin rose for five weeks in a row, with LunCu leading the week, the biggest single-week gain since the week of February 19, followed by LunAl up nearly 6%. Lun nickel rose three weeks in a row, Lun zinc rose two weeks in a row.
Gold again hit a new high of more than two months and the largest single-week gain in six months Silver rose more than 6% to nearly five months the largest weekly gain
New York gold futures rose three days in a row, COMEX June gold futures closed up 0.9% at $ 1831.30 / ounce, a new closing high in the main contract since February October, the rise slowed down from Thursday, Thursday rose 1.8% to the largest closing gain since April 15. This cycle gold cumulative rise of about 3.6%, the largest single-week gain since the week of November 6 last year, and silver both ended a two-week losing streak.
New York silver futures closed flat, at the highest closing level of the main contract since February 25, set on Thursday, and rose 6.2% for the week, the biggest one-week gain since the week of December 18 last year.
Platinum resumed its downward trend, closing down 0.25%, falling off the main contract closing high set on Thursday since Feb. 24, up 4% for the week, erasing last week’s cumulative losses. Palladium closed lower for the fourth consecutive day, hitting a new closing low since April 26, down 0.97% for the week, giving back some of last week’s gains.
Iron ore to a new high “black gold” rally for two weeks in a row
Most of the domestic black system Friday continued to rise, daytime iron ore rose more than 6%, coking coal rose more than 3%, overnight iron ore rose 2.65%, after the May Day holiday for two consecutive days to close a record high, hot volume rose 1.8%, thread rose 0.86%, coking coal rose 0.68%, but coke fell 0.16%, power coal fell 1.75%.
The “black gold” crude oil rebounded slightly, although there were two days of decline throughout the week, but the U.S. WTI crude oil and Brent crude oil futures were up more than 2%.
WTI June crude oil futures closed up $ 0.19, or 0.29%, at $ 64.90 / barrel, up about 2.10% this week, up more than 2% for two consecutive weeks; Brent July crude oil futures closed up $ 0.19, or 0.28%, at $ 68.28 / barrel, up about 2.28% this week, and U.S. oil are up for two weeks.
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