The Federal Reserve's latest survey shows that consumer infl...

The Federal Reserve's latest survey shows that consumer inflation expectations have risen. This has dealt a blow to expectations of interest rate cuts. As a result, the US stock Dow ended eight consecutive gains on Friday, the S&P 500 index fell slightly, and the NASDAQ index rebounded to a one-month high. Tesla's stock price closed up 2%, ending the previous four consecutive declines, while Google turned up after falling by nearly 3% at the beginning of the market.

The chip stock index and Nvidia rose for the second day in a row, and Arm rose 7.7% in this trend. GameStop's stock price also soared by nearly 120%, and eventually closed up more than 74%. In terms of the European market, the German, French, and British stock markets all fell from historic highs, but Maersk, the world's largest shipping company, rose 7.7%.

SoftBank announced financial results for fiscal year 2023. Net loss decreased by 76.5% year on year and achieved profit for two consecutive quarters, mainly thanks to Arm, which went public in mid-last year, making SoftBank's net assets a record high. In the Federal Reserve's consumer survey, Americans' one-year inflation expectations rose to 3.3%, the highest level since November last year. Despite this, Morgan Stanley predicts that the US CPI data on Wednesday will fall far short of expectations, believing that current rent data indicates that housing inflation may have peaked.

In the commodity market, crude oil prices rebounded, Brent crude oil broke away from a seven-week low, while gold fell below a three-week closing high, recording the biggest decline this month. London copper prices rose more than 1% to a two-year high, while Lunzinc rose for three consecutive days, reaching a 14-month high.

In the Chinese market, the China Securities Index rebounded sharply, rising nearly 4% to an eight-month high. Extreme Krypton and NIO Auto both rose more than 10% in the intraday period, Station B closed up more than 10%, and Alibaba rose close to 6%. The offshore renminbi depreciated against the US dollar, falling below 7.24. The Shanghai Index fluctuated and adjusted, and treasury bond futures rose strongly, while the Hong Kong stock market opened low and then moved higher. The Hang Seng Index recovered the 19,000 mark. Among them, Alibaba rose more than 4%.