In an interview on Thursday, Federal Reserve Chairman Powell repeatedly said that he would stabilize prices and bring inflation down to 2%, reiterating "the possibility of raising interest rates by 50 basis points in the next two times". In response to what he said after last week's meeting that the Fed "did not actively consider raising interest rates by 75 basis points", he responded that he would continue to adjust the pace of raising interest rates according to the economic situation, while regretting that it was "too late" and admitted that it was difficult to make a soft landing. It says the ability to achieve a soft landing may depend on factors beyond the Fed's control.

Commentators said that Powell's position shows that his view on the 75 basis point rate hike has not been changed by the higher-than-expected growth of US CPI in April announced on Wednesday, and that even if inflation is high recently, it is not considering a bigger rate hike than 50 basis points. Powell temporarily allayed the market's fears of a more aggressive rate hike.

Consumer confidence in Michigan fell to its lowest level since 2011 in May because of concerns about inflation. But Powell's speech has a greater impact on the market.

European and American stock markets rebounded collectively, the tourism sector led European stocks higher, and technology stocks became the bellwether of US stocks. Musk, who pledged Tesla, Inc. 's stake to raise money for Twitter, said the deal was on hold but was still committed to the acquisition. Tesla, Inc. rose more than 8 per cent in intraday trading, while his sector led S & P gains, while Twitter fell more than 11 per cent. Western Oil, which received another 900000 shares from Mr Buffett, rose more than 8 per cent.

Following the A-share Hong Kong stocks, most of them are only popular in the United States. Pinduoduo rose 10% and performed prominently in NASDAQ 100 stocks. The US stock index continued to decline throughout the week, while most blue-chip technology stocks, such as Tesla, Inc., remained unchanged, while European stocks rose as a whole.

Risky asset stocks rebounded, risk aversion cooled, European and American government bond prices fell and yields rebounded. The yield on the benchmark 10-year Treasury note surged more than 10 basis points, shaking off a two-week low set on Thursday, but like European bonds, yields are still down about 20 basis points throughout the week. The dollar index fell after continuing to hit nearly two-decade highs, but maintained its cumulative trend since late March throughout the week. Benefiting from the decline in the dollar, the offshore renminbi, which fell below the 6.83 mark and hit a new low in nearly two years, rose more than 500 points from its intraday low at one point, but failed to reverse the decline throughout the week.

Commodities are polarised. International crude oil rose, and US WTI crude oil closed above US $110for the first time in more than a month. At a time when domestic retail diesel and gasoline prices hit a new high, US gasoline futures also hit an all-time high. Crude oil rose much less than last week and less than gasoline.

The commentary said that oil prices were affected by both positive and negative forces, and the conflict between Russia and Ukraine and the supply-side concerns of the European Union considering an embargo on Rosneft pushed up oil prices, partly offset by concerns about inflation and the economic impact of the epidemic in China. European natural gas, which rose more than 20% in intraday trading on Thursday, fell, while British natural gas kept rising throughout the week, while continental European natural gas continued to decline.

Most of the metals fell. The impact of a stronger dollar outweighed the attractiveness of hedging against inflation, with gold falling further, with New York gold falling below $1800 for the first time in three months and continued to close at a three-month low despite returning to that level. Among industrial metals, Len lead fell to an one-year low and Lunxi continued to hit an eight-month low, but Ren Copper rebounded to stay from a seven-month low. Metals fell throughout the week, Lunxi fell more than 15% in a week, and gold futures fell nearly 4% in a week, the worst performance since June last year.

The Nasdaq achieved its biggest gain in a year and a half. The Standard & Poor's Index walked out of a 14-month trough. Tesla, Inc. 's sector led the rise and almost outperformed the market for several days. European stocks posted their biggest gain in two months.

The three major u.s. stock indexes collectively opened higher, with the Dow Jones industrial average up more than 540 points, or more than 1.7%, at the start of midday, with the s & p 500 up nearly 2.8% and the Nasdaq composite index up 4.3%. In the end, the three major indices closed higher for the first time this week.

The leading Nasdaq index closed up 3.82%, the biggest gain since Nov. 4, 2020, to 11805 points, the highest close since Friday, and two consecutive days of gains, further moving out of Wednesday's closing low since Nov. 3, 2020. The S & P 500 closed up 2.39% at 4023.89, while the Dow closed up 466.36 points, up 1.47% at 32196.66, ending six days of losses, and S & P posted its biggest gains since the Fed announced rate hikes on Wednesday, May 4. break away from Thursday's lows set on March 9 and March 25 last year, respectively.

The small-cap stock index Russell 2000, which is dominated by value stocks, closed up 3.06% for two days in a row. The Nasdaq 100 index, which is dominated by technology stocks, posted its biggest gain since March 9 last year, reversing a two-day losing streak, with Pinduoduo and other Chinese stocks performing well.

Major US stock indexes fell this week, with the Dow down 2.14% for seven weeks, the longest week in a row since 2001. The Nasdaq fell 2.8% and the S & P fell 2.41% for six consecutive weeks, while S & P continued its longest weekly decline since 2011. Russell 2000 fell 2.55% and Nasdaq 100 fell 2.41%, down four weeks and six weeks respectively.

The S & P 500 sectors closed higher, led by Tesla, Inc. 's consumer discretionary products up more than 4 per cent, energy and Apple Inc and Microsoft Corp's IT sector rose more than 3 per cent, and other sectors rose at least 1 per cent. Only essential consumer goods rose 0.3 per cent throughout the week, with consumer discretionary, IT and finance all falling by more than 3 per cent, energy by nearly 3 per cent, and materials and industry by more than 2 per cent.

Leading technology stocks rose, and Tesla, Inc. closed up 5.7%, shaking off the trough since September last year. Of the FAANMG's six largest technology stocks, Netflix Inc closed up 7.65%, continuing to break away from its lowest level since December 2017. Facebook Inc's parent company Meta rose nearly 3.9%, and Netflix Inc rose for two consecutive days. Apple Inc, which hit a new low in October last year, rose nearly 3.2%. Microsoft Corp rose nearly 2.3% out of the trough since June last year, Amazon.Com Inc rose more than 5.7%, and Alphabet Inc-CL C's parent company Alphabet, which hit a new low since May last year, rose more than 2.8%.

Most of these technology stocks have fallen this week, led by Tesla, Inc. down by more than 11%, Apple Inc by more than 6%, Microsoft Corp by nearly 5%, Meta by more than 2%, Amazon.Com Inc by more than 1%, and Nai by more than 3%.

Among the volatile stocks, TWTR closed down 9.7%; OXY, which Buffett continued to increase its holdings, closed up 8.2%; after the founder of the cryptocurrency exchange FTX bought a $648 million 7.6% stake in Robinhood, online celebrity brokerage Robinhood (HOOD) closed up 24.9%; and Krispy Kreme (DNUT), which was upgraded by HSBC, rose 10.4%. Ford Motor (F), which was upgraded to overweight by Morgan Stanley, rose 8.5 per cent.

Among the stocks that reported results, Duolingo (DUOL), which reported higher-than-expected earnings and revenue in the first quarter, closed up 34 per cent; Affirm (AFRM) and Poshmark (POSH), which had lower-than-expected first-quarter losses and higher-than-expected revenues, closed up 31.4 per cent and nearly 24 per cent, respectively; Toast (TOST), which lost less than expected in the first quarter, rose more than 5 per cent; and first-quarter earnings and annual guidance were both lower than expected Figs (FIGS) by 25 per cent.

Hot Chinese stocks continued to outperform the market as a whole, with ETF KWEB and CQQQ closing up about 7 per cent and 4.9 per cent, respectively. The Nasdaq Golden Dragon China Index (HXC) closed up nearly 7.8 per cent. Of the four constituent stocks in the Nasdaq 100 index, Pinduoduo closed up 10.2%, Baidu, Inc. 8.4%, JD.com nearly 6%, and NetEase, Inc 5.1%.

Among the other stocks, HUYA Inc. rose over 21%, NetEase, Inc youdao rose over 14%, New Oriental Education & Technology rose over 13%, XPeng and Vipshop Holdings Limited rose over 11%, TAL Education Group and Dada rose over 10%, NIO Inc. Motor rose over 9%, Alibaba and Li Auto rose over 8%, Trip.com rose over 7%, DouYu International and Tiger Securities rose over 6%, Tencent Music rose over 5%, and Tencent, Weibo and Full Truck Alliance Co. Ltd. rose over 4%. Futu Holdings Limited rose by more than 3% and Zhihu Inc. by 3%.

The pan-European stock index, which ended two consecutive gains on Thursday, returned to gains. The European Stoxx 600 index closed at its highest level since Thursday and its biggest close since March 16. Stock indexes of major European countries rebounded across the board, erasing all losses on Thursday, with German, French, British and Italian stocks up more than 2%. All sectors closed higher on Friday, led by the tourism sector, which rose more than 4.8%, and technology rose more than 3%.

This week, both the Stoxx 600 index and the German stock index ended four weeks of losses, while French and Italian stocks said goodbye to three weeks of losses, and British stocks, which fell more than 2% last week, rebounded. Throughout the week, only basic resources in the sector where mining stocks are down 2.8%, oil and gas and medical health down more than 1%, and media down more than 0.4%. Retail led the rise by more than 4%, followed by a 3.8% rise in personal and household goods.

10-year Treasury yields are up more than 10 basis points from Thursday's two-week low and are still down more than 20 basis points a week.

European government bond prices fell after rising for four consecutive days, with yields on German, French and Italian government bonds rising more than 10 basis points a day. By late European trading, the yield on UK benchmark 10-year government bonds rose 8.3 basis points to 1.744 per cent, while the yield on German bunds rose 10.8 basis points to 0.948 per cent, wiping out most of Thursday's declines of more than 10 basis points. British bond yields are down 25.2 basis points this week, while German bond yields are down 19.4 basis points, giving up last week's gains and falling in the second week of the last six weeks.

Us benchmark 10-year Treasury yields continued to rise, with US stocks rising above 2.94 per cent at midday highs, up more than 13 basis points from Thursday's intraday low of 2.82 per cent, to about 2.92 per cent in late trading in New York and up more than 7 basis points on the day, falling more than 20 basis points this week, giving up all last week's gains and falling for the first time in the last five weeks.

After hitting a 20-year high in intraday trading, the dollar index fell for six weeks and the offshore RMB rose more than 500 points after hitting a new low in nearly two years.

The ICE dollar index (DXY), which tracks a basket of six major currencies, rose above 105.00 before trading, reaching its highest level since December 2002 for the second day in a row and the third day of the week, up more than 0.1 per cent on the day. Us stocks fell below 104.50 and fell nearly 0.4 per cent on the day after turning lower in early trading.

By Friday's close, the dollar index was below 104.60, down nearly 0.3% on the day, still up about 0.9% this week, up for six weeks, the longest weekly gain in 2018, while the Bloomberg spot index fell 0.3%. It fell from Thursday's high since May 2020, up about 0.7% this week and rising for six consecutive weeks.

The offshore RMB (CNH) rose in intraday trading after falling for two consecutive days. The Asian market fell to 6.8380 in early trading on Friday. After losing the 6.83 mark for the first time since September 28, 2020, it hit an intraday low since September 25, 2020, and then continued to rebound. European stocks recovered as high as 6.7840 at the beginning of the session, up 540 points from the intraday low. By 04:59 Beijing time on the 14th, the offshore RMB was at 6.7999 yuan against the dollar. Up 274 points from late Thursday in New York, it is down 819 points this week for six consecutive weeks.

The cryptocurrency rebounded across the board on Friday and remains tired this week. BTC rose above $31000 to $31100 in early trading, up more than $4000 from Thursday's intraday high below $27000 since December 2020, and up more than $2700, or nearly 10%, from the intraday low in early Asian trading. U. S. stocks closed just above $30, 000, up more than 5% in the last 24 hours and down more than 16% in the last seven days.

Us Oil rose more than 4% to reach a seven-week high US gasoline rose more than 5% a week, British natural gas fell by more than 15%, and still rose 8% throughout the week.

International crude oil futures rose all the time. Us WTI June crude oil futures closed up $4.36, or 4.11%, at $110.49 a barrel. The main contract closed above $110for the first time since March 25, up for three consecutive days. Brent July crude oil futures, which closed slightly lower on Thursday, closed up $4.10, or 3.82%, at $111.55 a barrel, the highest level since Friday, May 6.

Us oil is up 0.7% this week, and cloth oil is up 0.8% for three consecutive weeks, but less than the nearly 5% increase last week.

As of Thursday, the average retail diesel price in the United States had hit an all-time high for 14 consecutive days, and the average retail gasoline price had also hit a record high, according to the American Automobile Association (AAA). U. S. gasoline and natural gas futures were mixed on Friday. NYMEX June gasoline futures closed 4.4% higher at US $3.9578 per gallon, a record close, rising for three consecutive days and up more than 5% this week for three consecutive weeks. NYMEX June natural gas futures closed down 0.98% at US $7.6630 per million British thermal units, ending three days of gains and up 4.7% this week for two consecutive weeks.

European natural gas, which surged on Thursday, fell back. ICE UK gas futures, which rose nearly 26% on Thursday, closed down 15.44% at 148.45 pence per kcal, up 7.96% this week, ending a five-week decline, while TTF benchmark Dutch gas futures, which rose more than 13% on Thursday, closed down 9.2% at 96.881 euros per megawatt, down 4.75% this week and ending two weeks of gains.

Lunxilian hit an eight-month low and fell more than 15% a week. Gold hit a three-month low on the fourth day of this week. Silver fell nearly 4% in a week. Silver fell more than 6% throughout the week.

London base metal futures mostly continued to fall on Friday. Rennick, which led the decline, fell nearly 2%, hitting a new low in early March after suspending its trough since late March on Thursday. Lunxi lead, Lunzn Zinc and Lunxi fell for two days in a row, and Lunxi lead hit an one-year low. Lunxi, which fell more than 5% on Thursday, narrowed its decline and closed down more than 1%, hitting an eight-month low for two consecutive days. Lunxi Zinc hit a four-month low for the second day in a row. Ren Copper and Len Aluminum, which fell back on Thursday, rebounded, and Ren Copper, which closed below US $9100 for the first time in seven months on Thursday, returned to the US $9100. Ren Aluminum came out of a five-month low.

Base metals continued to fall across the board this week. Lunxi, which led the decline, fell by more than 15%, and Lenny, which fell by more than 9%, fell for six consecutive weeks. Zinc and lead fell more than 7%, falling for three weeks and four weeks respectively. Lun copper fell nearly 3% for five weeks in a row. Lun aluminum fell nearly 2%, falling for seven weeks.

New York gold futures continued to fall, with US stocks falling below $1800 before trading to a new low of $1797.2 on Friday, falling 1.5% on the day for the first time in three months, before returning to $1800 to narrow the decline. In the end, COMEX June gold futures closed down 0.9% at $1808.20 an ounce, the lowest for major contracts since Feb. 3, and the lowest levels for Monday, Tuesday and Thursday since Feb. 15, Feb. 11 and Feb. 7, respectively. Gold futures fell 3.9% this week, the biggest weekly decline since June 18 last year.

New York silver futures, which fell on Thursday, rebounded. COMEX July silver futures closed 1.1% higher at $21.001 an ounce, shaking off Thursday's trough since July 20, 2020, and are down 6.2% this week, the biggest drop in a week since January 28.