Crude oil rose five times in a row, rising more than 6% in a week, while US natural gas fell 11% throughout the week. Lunzinc hit a five-month low, and Luntong hit a new low of nearly three months. This week, it fell more than 6% and 3%, respectively.

The results of the annual revisions involving key inflation figures were not surprising. According to the seasonally adjusted revised values announced by the US Department of Labor, the core CPI annualized increase in the fourth quarter of last year remained at 3.3% of the pre-revised level. The CPI increase in December was revised down from 0.3% to 0.2% month-on-month, in line with general market expectations, and was not drastically revised as after last year's revision.

After the data was released, the price of US Treasury bonds rebounded in the short term, and the yield quickly leveled off and declined, then quickly rebounded, and the increase expanded. The yield on the benchmark ten-year US Treasury rose to 4.20%, and the interest rate-sensitive two-year yield once again hit the high level since the Federal Reserve's interest rate meeting in December last year. US bond yields will generally rise throughout the week, partly reflecting recent statements made by Federal Reserve officials headed by Federal Reserve Chairman Powell to repeatedly suppress the market's expectations of interest rate cuts in the near future.

US stock investors were relieved that they were worried that the CPI annual correction would break out and that inflation was not slowing down as planned. Major US stock indexes opened higher across the board, and S&P continued to hit record highs. For the first time in history, trading broke through the 5,000 point mark. Sectors where technology stocks such as chip stocks are located took the lead in supporting the market. The Dow turned down at the beginning of the session. Disney, which surged after announcing earnings reports on Thursday, retreated, leading the decline in the Dow. Technology stocks were also the biggest upside driver in the market throughout the week. Arm, which surged on Thursday after announcing its high-performing earnings report, rose more than 60% in a week, and big data star Palantir, a big data star that benefited from the artificial intelligence (AI) boom, rose more than 40% throughout the week. China Securities generally rebounded during the intraday period. As the year of the Dragon was welcomed by the “National Team”, the Chinese Securities Index, which surged on Tuesday, was also rising sharply throughout the week, and the Year of the Rabbit came to a successful end.

The review said that the revised CPI value reinforces the market's view that the Federal Reserve is making progress in reducing inflation and that interest rate cuts are imminent; it will not be March, but May or June. Other commentators said that now the market focus will soon shift to the January CPI to be announced next Tuesday, focusing on whether it reflects a further slowdown in inflation and paves the way for interest rate cuts, while the January CPI may be at risk of a recovery in inflation, because some surveys show rising wages and prices, which suggest “policymakers must not be too complacent.”

In the foreign exchange market, after the revised CPI value was announced, the US dollar index fell rapidly. Despite a slight decline on Friday, it maintained its gains since the beginning of 2024 throughout the week; the Japanese yen continued to hit a low level of more than two months before falling in the short term, and then fell several times thereafter. At a time when the US dollar declined, Bitcoin's rise accelerated. For the first time since the US Securities Regulatory Commission approved the listing of a Bitcoin spot ETF almost a month ago, it rose above 48,000 US dollars in the intraday period.

Among commodities, gold rose in the short term and reached a new high level after the US CPI revision was announced. The final futures fell to a low level in nearly two weeks. Like various basic metals such as copper, it fell sharply this week under the pressure of a stronger US dollar. After the revised CPI value was announced, international crude oil, which had declined slightly in the intraday market, continued to rebound and rise, maintaining the gains of the first four days of this week. After falling sharply last week, it rebounded strongly this week. After last week, it rose at least 6% in less than a month.

Continued tension in the Middle East boosted oil prices on Friday. After rejecting the Hamas cease-fire proposal, Israel intensively bombed the Gaza Strip on the same day. The large number of planned and unplanned shutdowns at US refineries has led to tight supply in the refined oil market, which has also boosted oil prices. Meanwhile, media said Ukraine attacked two Russian refineries with drones on Friday, and one of them caught fire. The attack on Russian refineries may have led to an increase in crude oil exports this month, causing Russia to violate the OPEC+ production reduction agreement's commitment to reduce exports.

US natural gas became the big loser among commodities this week. Recent weather forecast data shows that temperatures in key regions of the Midwest and Northwest of the United States will be warm at a time when winter demand is insufficient, and the market is worried that oversupply will increase in the next week or two. Natural gas futures continued their three-year low on Friday, and plummeted by double digits throughout the week. However, some analysts pointed out that gas prices have fallen into the oversold range.

The S&P index rose four times in a row, and the chip stock index outperformed the market, Nvidia's record high, Disney led the decline in the Dow, and the earnings week continued to rise sharply

The three major US stock indexes showed mixed results after collectively opening higher. The S&P 500 index and the Nasdaq Composite Index maintained their gains after opening. The NASDAQ rose more than 1% in midday trading, breaking 16,000 points intraday for the first time since November 22, 2021, and rising nearly 1.4% during the day. S&P stood at 5,000 points when it opened. It rose above 5030 points in midday trading, continuing to set a record high in the intraday period, rising more than 0.6% during the day. The Dow Jones Industrial Average, which rose slightly by 8 points at the beginning of the session, quickly turned down. At the end of early trading, it fell by nearly 160 points and 0.4% at the end of the day's low, and narrowed part of the decline in midday trading.

The three major indices failed to collectively close higher for the first time this week. The S&P and NASDAQ rose for four consecutive days. S&P closed up 0.57% to 5026.61 points, breaking the record high for four consecutive days, closing above 5,000 points for the first time in history. The NASDAQ closed up 1.25% to 15990.66 points, breaking its closing high since November 22, 2021. It closed for three consecutive days and hit a new high in the past two years. The Dow closed down 54.64 points, or 0.14%, to 38671.69 points, falling to the closing record high for three consecutive days.

The tech-heavy Nasdaq 100 Index closed up 1.01%, breaking the record closing record high set last Friday for the third day. The Nasdaq Technology Market Capitalization Weighted Index (NDXTMC), which measures the performance of technology components in the NASDAQ 100 index, closed up 1.68%, breaking the record closing high set by Monday for three consecutive days, and has risen 3.63% this week. The small-cap stock index Russell 2000, which is mainly value stocks, closed up 1.53%, rising for two consecutive days, breaking its high position since January 29.

Major US stock indexes continued to rise this week. S&P rose 1.37%, the Dow rose 0.04%, the NASDAQ rose 2.31%, and the Nasdaq 100 rose 1.81%, all rising for five weeks. Since the beginning of 2024, it has only been falling in the first week of the new year. Russell 2000, which fell back last week, rebounded this week, rising 2.41%.

Among the constituent stocks of the Dow, the only energy stocks Chevron and Disney both led the decline. Caterpillar, Amgen, and Walgreens fell more than 1%, but due to an 11.5% surge after Thursday's earnings report, Disney surged about 11.6% this week. Among the 13 constituent stocks that closed up, Microsoft and Intel led the way.

Among the major sectors of the S&P 500, only three sectors with tech giants rose at the end of early trading; in the end, only three sectors closed down. IT, where chip stocks such as Microsoft and Nvidia are located, closed up 1.5%. Non-essential consumer goods owned by Tesla and Amazon rose about 1%, and Google's communications services rose more than 0.7%. Among the sectors that closed down, energy fell nearly 1.6%, essential consumer goods fell nearly 0.9%, and healthcare fell less than 0.1%.

This week, only three sectors fell by more than 2%, essential consumer goods, and energy, which fell by 0.2%. IT rose more than 3%, non-essential consumer goods, medical care, and industry all rose more than 1%, and communication services rose 1%.

Most of the leading technology stocks closed higher. Tesla closed up 2.1%, rising for 4 consecutive days until closing on January 24. This week's increase was 3%, and it continued to rise for two weeks after falling nearly 14% the week when earnings reports were released last week.

Among FAANMG's six major technology stocks, the media said that after OpenAI's revenue surged at 2 billion US dollars last year and is expected to double by 2025, Microsoft closed up nearly 1.6%, reaching a record closing record high for three consecutive days; Apple closed 0.4%, closing down only this Thursday since Vision Pro went on sale last Friday; Google's parent company Alphabet closed 2.1%, rising for 7 days, and has not been able to fix all the declines since the sharp fall on January 31 after the announcement of the financial report; Amazon closed 2.7%, which will refresh the two-year high level created by a sharp rise of nearly 8% after last Friday's earnings report; Netflix, which declined slightly, closed up 0.5%; while Facebook's parent company Meta, which had two consecutive gains, closed down 0.4%, falling short of the historic closing level set by a 20% surge after announcing earnings last Friday.

Most of the six major technology stocks mentioned above rose this week. Alphabet rose nearly 4.7%, Microsoft rose nearly 2.3%, Apple rose 1.6%, and Amazon rose 1.5%, while Meta, which surged 20.5% in the week the earnings report was released last week, fell nearly 1.5%, and Netflix fell about 0.6%.

Chip stocks generally rose for three consecutive days, outperforming the market on both days. The Philadelphia Semiconductor Index and semiconductor industry ETF SOXX rose more than 2% in midday trading. The former broke the all-time high of closing on January 24, while the latter reached record closing highs for two consecutive days, rising 5.3% and 5.5% respectively this week. The media said that after establishing a new division that designs chips specifically for cloud computing companies, Nvidia closed up nearly 3.6%, not only continuing to hit a record high in the market, but will also set a new closing record high set on Wednesday after closing down Thursday, rising 9% this week; after announcing financial reports, Arm closed up nearly 48% on Thursday, falling about 10.4% at the beginning of the session, and rising more than 2% after the midday session, rising more than 2%, closing up 1.2%, and rising 62.3% this week; by the close, applied materials rose nearly 6.9%, and Intel rose nearly 2%. 1.9%

Most AI concept stocks continued to rise and outperform the market. By the close, ultra-micro computers (SMCI) rose more than 6%, rising for five consecutive days, and will hit a record closing high for five consecutive days. SoundHound.ai (SOUN) rose nearly 16%, C3.ai (AI) rose more than 6%, BigBear.ai (BBAI) rose more than 7%, Adobe (ADBE) rose 1.8%, while Palantir (PLTR) fell more than 1% after falling in early trading, closing 0.5%, or closing down for the first time since the announcement of the financial report, as it closed 30.8% on Tuesday after the announcement of the earnings report, which is 43.2% this week.

Bank stock indices all stopped falling and rebounded during the intraday period. The overall banking index KBW Bank Index (BKX) closed up 0.2%, falling nearly 1.2% this week; the regional banking index KBW Nasdaq Regional Banking Index (KRX) closed up 1.8%, and the regional bank stock ETF SPDR S&P Regional Bank ETF (KRE) closed up nearly 1.8%, falling by about 1.3% and 1% respectively this week.

Among regional banks, it was revealed on Friday that after CEOs and other executives bought more than 200,000 shares, the New York Community Bank (NYCB), which fell sharply by nearly 6.5% on Thursday, rose sharply, and closed up nearly 17%. However, due to closing down 10.6% and 22.2% on Monday and Tuesday, respectively, it was still down 18.9% this week; by the close, Alliance Western Bank (WAL) had risen more than 4% and Zions Bancorporation (ZION) had risen 0.5%.

Popular Chinese securities generally turned upward in the intraday period. The Nasdaq Golden Dragon China Index (HXC), which fell more than 0.4% at a new low in early trading, closed up nearly 1.4% and rebounded after falling more than 1% for two consecutive days. As it rose nearly 6% on Tuesday, it climbed 5.2% this week. KWEB and CQQQ closed up 1.5% and 0.6%, respectively. Among individual stocks, by the close, Jingke Energy rose more than 3%, Baidu and Tencent fans rose more than 2%, NIO Auto and NetEase rose nearly 2%, Alibaba, JD, B Station, New Oriental, Jinshanyun, and Daxin Energy rose more than 1%, Xiaopeng Motors rose 0.8%, and Ideal Auto and Pinduoduo rose nearly 0.7%.

Among the individual stocks that announced financial reports, cloud service company Cloudflare (NET), which had higher revenue and earnings for the fourth quarter and improved guidance for the full year of this year, closed 19.4%; Bitcoin mining company CleanSpark (CLSK), which did not meet analysts' expectations and unexpectedly recorded EPS profits, closed 32.9%; and despite higher profits and revenue for the fourth quarter than expected, online travel giant Expedia (EXPE), which appointed a new CEO, closed down 17.8%; financial software company Bill (EXPE), whose revenue guidance for the third quarter was lower than expected Holdings (BILL) closed down 13.6%; game developer Take-Two Interactive Software (TTWO), which had slightly lower earnings than expectations for the fourth quarter and poor guidance for the first quarter, closed down 8.7%; social media Pinterest (PINS), whose fourth-quarter revenue and first-quarter guidance were lower than expected, closed down 9.4%; the fourth quarter EPS profit was higher than expected, but revenue fell below expectations for the first time in nearly four years, and pep (PEP), which fell nearly 3.6% in early trading .

In terms of European stocks, leading stocks that released financial reports showed mixed performance, and rising treasury bond yields suppressed European stock gains, and the pan-European stock index continued to decline slightly. The European Stoxx 600 Index closed down less than 0.1% for two consecutive days, continuing to fall from its closing high since January 6, 2022, which was refreshed on Tuesday. Most of the major European countries' stock indexes fell. German, French and Spanish stocks, which rebounded on Thursday, fell for 3 consecutive days, while Italian stock indices rose for 2 consecutive days.

In various sectors, interest rate-sensitive real estate led the decline by 1.5%, with utilities seen as bond stand-ins falling 1%; although sales in the fourth quarter surpassed expectations by 14% and the constituent stock stock Hermès, which plans to increase prices this year, the stock price reached a record high, the French beauty giant, whose overall sales fell below expectations in the fourth quarter due to disappointing sales in the Asian region, fell nearly 7.6%, and the luxury goods giant's personal and household goods fell more than 0.5%;

The technology sector led the rise by nearly 1.3% for seven consecutive days, thanks to the highest market capitalization chip stock in Europe and ASML, which is listed in the Netherlands, which closed at a record high for seven consecutive trading days; the medical sector rose nearly 0.8%, benefiting from the Danish medical equipment manufacturer Coloplast, which had better than expected results in the first fiscal quarter, surged 9.7%. In addition, Novo Nordisk, the highest market capitalization pharmaceutical company listed in Denmark, rose 2.2%, breaking the record closing record high set on Wednesday. Among other individual stocks, French-listed game giant Ubisoft, whose net order volume in the third fiscal quarter was higher than the guideline, surged 13.8%; while Swedish engineering and design consulting firm SwEco, whose eBITA profit was lower than expected in the fourth quarter, fell 13.7%, leading the decline in Stoke's 600 constituent stocks.

The Stoxx 600 index rose for three consecutive weeks this week, far less than last week's increase of about 3.1%. Stock indexes from various countries have once again had mixed ups and downs. The Italian stock index has been rising by more than 1%, rising for three weeks. German stocks and French stocks, which fell back last week, rebounded, while the Spanish stock index fell more than 1% for two weeks in a row, and British stocks fell for two weeks in a row. Technology in various sectors led the way, rising more than 4%. The constituent stock ASML surged 7% this week. Cars, which rose more than 5% last week, rose more than 2%, personal and household goods also rose more than 2%, while utilities fell by more than 4%, real estate fell by more than 3%, and basic resources, dragged down by the decline in copper and other commodities, fell nearly 3%.

The rise in US bond yields widened after a short-term decline, and the two-year yield hit a new high since the December Federal Reserve meeting

The price of European treasury bonds fell for three consecutive days, and yields continued to rise. By the end of the bond market, the yield on the UK 10-year benchmark treasury bond closed at 4.08%, rising about 3 basis points during the day. The yield on 2-year British bonds closed at 4.10%, breaking the high level since December 5; the yield on 2-year British bonds closed at 4.58%, rising about 6 basis points during the day, breaking 4.61% in the intraday period, breaking the high level since December 11; the yield on the benchmark 10-year German treasury bond closed at 2.38%, rising about 3 basis points during the day. Up about 6 basis points during the day, intraday It has risen to 2.73%, continuing to hit the high level since January 25.

European bond prices fell sharply this week, and yields rose by at least 10 basis points, partly reflecting ECB official speeches continuing to dampen expectations of interest rate cuts. The 10-year British bond yield increased by a cumulative total of about 17 basis points after falling back last week, rising for the sixth week in the last seven weeks; the yield on 2-year British bonds rose by about 19 basis points, rising for four weeks; the 10-year German bond yield after two consecutive weeks of decline increased by about 14 basis points, rising in the fifth week in the last seven weeks; and the 2-year German bond yield, which fell for two weeks, rose by about 16 basis points.

The yield on the US 10-year benchmark treasury bond quickly returned to the intraday rise and fell after the announcement of the revised US CPI value. At one point it was close to 4.12%, falling about 3 basis points during the day, and then quickly turned up. US stocks had already risen 4.18% before the market, and increased after the opening of the market. At one point, it rose above 4.19% and up 4.20%, approaching the high level since the first day of the December 13 Federal Reserve interest rate meeting refreshed on January 19. It was about 4.18% at the end of the bond market, rising nearly 3 basis points during the day. It has climbed in the third week of the last four weeks.

After the revised CPI value was announced, the 2-year US Treasury yield, which is more sensitive to interest rate prospects, fell to a new low of 4.42%, fell by about 3 basis points during the day, and quickly rebounded. US stocks rose 4.49% in early trading, breaking the high level since December 13, rising about 4 basis points during the day, about 4.48% at the end of the bond market, and rising nearly 3 basis points during the day. It has been rising for two weeks, and has been climbing for the fourth week in the last nine weeks.

After the CPI correction, the US dollar index began to rise weekly over the past year, and Bitcoin rose above 48,000 US dollars for the first time since the spot ETF was approved

The ICE US Dollar Index (DXY), which tracks the exchange rate of the US dollar against a basket of six major currencies including the euro, was close to 104.30 at the beginning of the European market, rising nearly 0.1% during the day. After the US CPI revised value was announced, it quickly turned down. At one point, it fell below the new low of 104.00 and fell 0.2% during the day. The decline narrowed rapidly but failed to rise.

By the close of the US stock market on Friday, the US dollar index was slightly below 104.10, falling less than 0.1% during the day, rising nearly 0.2% this week; the Bloomberg US Dollar Spot Index, which tracks the exchange rate of the US dollar against ten other currencies, also fell less than 0.1%, rising by nearly 0.2% this week. Both the US dollar index stopped two consecutive declines on Thursday, and continued to rise every week since 2024.

Among non-US currencies, the yen continued to hit a new intraday low in February. The USD/JPY pair was close to 149.60 before the European stock market, breaking the high level since November 27, rising nearly 0.2% during the day. The US CPI quickly fell to a new low of 149.00 after the correction and fell 0.2% during the day. Since then, it has risen several times. US stocks closed slightly below 149.30 and fell slightly during the day; the increase against the US dollar expanded rapidly after the US CPI correction, and the US stock market rose to a new high of 1.0800 since Friday, up nearly 0.2% during the day, the US stock market The gains narrowed; GBP/USD rapidly turned higher after the US CPI was revised. US stocks rose above 1.2640 in early trading and rose 0.2% during the day, not close to the low since December 23, falling below 1.2520 on Monday.

The offshore renminbi (CNH) fluctuated slightly against the US dollar on Friday. It rose to a new high of 7.2077 in early Asian trading, then fluctuated and declined several times during the intraday period. US stocks fell the 7.22 mark to 7.2198 in the intraday period, approaching the intraday low since January 18, which was refreshed after falling 7.22 on Monday, falling more than 120 points from today's high. At 5:59 Beijing time on February 10, the offshore renminbi reported 7.2187 yuan against the US dollar, down 35 points from the end of Thursday in New York. After stopping four consecutive declines on Tuesday, it fell 40 points this week, falling for two weeks in a row. The decline moderated markedly from 262 points last week. Since the beginning of the year, it has only been rising last week.

Bitcoin (BTC) accelerated its rise on Friday. European stocks rose above 48,000 US dollars in midday trading and surged 48,200 thousand US dollars. It broke through the 48,000 US dollar mark for the first time since the US Securities Regulatory Commission approved the listing date of a Bitcoin spot ETF on January 11. It rose nearly 3,000 US dollars, rose more than 6% from early Asian trading, then fell 48,000 US dollars. US stocks were below 47,500 US dollars at the close of the last 24 hours, up slightly more than 10% in the last 7 days.

Crude oil rose more than 6% in five consecutive weeks, and US natural gas fell 11% throughout the week

International crude oil futures turned upward in the intraday period. At the new intraday low of European stocks, US WTI crude oil fell below 76.00 US dollars and fell nearly 0.4% during the day. Brent crude oil fell below 81.20 US dollars and fell 0.5% during the day. The US CPI continued to rise after the correction. When US stocks hit a new high at the beginning of the session, US oil was close to 77.30 US dollars, up 1.4% during the day, and oil rose above 82.40 US dollars, up 1% during the day.

In the end, crude oil continued to rise for five days. WTI crude oil futures for March closed up 0.81% to 76.84 US dollars/barrel, breaking the high level since January 30 for two consecutive days. Brent crude oil futures for April closed up 0.69% to $82.19 per barrel. After closing at a new high since January 31 on Thursday, they also hit a new high since January 30.

This week, US oil rose 6.31%, and oil rose 6.28%. It has been rising in the third week of the last four weeks, smoothing most of last week's decline. Last week, US oil fell nearly 7.35%, and oil fell 6.77%, all of which are the biggest weekly declines since October 6.

This week is another week after last week for crude oil to rise by at least 6%. Last week, US oil rose by about 6.5%, the biggest weekly gain since September 1, and oil rose nearly 6.4% to the biggest increase since the first week of October 13, the first week after the outbreak of the Israeli-Palestinian conflict.

US gasoline and gas futures fell sharply. NYMEX's March gasoline futures closed down 0.11% to $2.3395/gallon. For the time being, the closing high since October 20, 2023, which was refreshed for four consecutive days on Thursday, rising 8.9% this week and rebounding after three weeks of continuous gains last week; NYMEX March natural gas futures closed down 3.65% to 1.8470 US dollars/million British thermal units, falling for four consecutive days, hitting a new low since September 2020 for three consecutive days. The decline was 11.16% this week, falling for two weeks in a row, falling less than 24% on January 19. week.

Lunzinc hit a new low for five months, then hit a new low in nearly three months, and gold turned upward in the short term after the CPI correction, and revenue hit a new low in nearly two weeks

London basic metals futures continued their majority decline on Friday. Lunzinc fell more than 1% to once again lead the decline, hitting a low of more than five months since August last year for two consecutive days. Helun Copper both fell for three consecutive days, and closed down on the sixth day of the last seven trading days. Luntong hit a new low of nearly three months for the second day in a row. Lunn lead also fell three times in a row, hitting a two-month low. Lunnickel fell two times in a row, breaking the low since November 2020 set on Tuesday. Meanwhile, Renxi continued to rise for four days, hitting a new high in two weeks.

Most of the basic metals continued to decline this week. Lunzinc, which led the decline, fell more than 6%, Lun lead fell by more than 5%, Lun copper fell more than 3%, Lun nickel fell nearly 2%, and Lun aluminum fell 0.8%, all falling for two consecutive weeks, while Renxi, which fell back last week, rose more than 3%, and continued to rise for the fourth week in the last five weeks.

New York gold futures declined overall after the pre-market decline. The US CPI jumped to a new daily high of $2051.9 in the short term. The intraday rise was nearly 0.2%, and the decline continued to expand after a rapid decline. US stocks reached an intraday low of $2034.3, falling nearly 0.7% during the day.

In the end, COMEX's April gold futures closed down 0.45% to 2038.70 US dollars/ounce, falling for 2 consecutive days, breaking the low since January 29 for 2 consecutive days. This week, it fell by 0.73%, and fell back after stopping two weeks of continuous decline last week. In the 18 weeks since the outbreak of the Israeli-Palestinian conflict, futures declined for the fifth week. The other three weeks were concentrated in January. The first week of January had a “bad start”. The biggest drop was close to 1.1% in the week ending December 8.

Spot gold was close to a new daily high of 2,037 US dollars after the CPI was revised, rising more than 0.1% during the day. After a rapid decline, US stocks fell below $2020.40 in early trading and fell nearly 0.7% during the day. US stocks were below $2026 at the close of trading and fell more than 0.4% during the day.

Editor/Somer