Us personal consumption spending (PCE) grew faster than expected in April, indicating that consumer spending remains strong at a time of persistently high inflation, which is a positive for corporate profit prospects. The PCE price index, an inflation indicator watched by the Fed, has slowed from March. Although it is still close to a four-decade high, it may be a sign of inflation peaking. U. S. stocks rose for the third day in a row, three major stock indexes ended record weeks of losses, and the Dow and S & P recorded their best weekly performance in a year and a half.

Technology stocks remained one of the leaders of u.s. gains on Friday, with Tesla, Inc. continuing to lead blue-chip technology stocks, with better-than-expected quarterly results for Dell and Autodesk up at least 10% and Marvell up nearly 8%. Retailers Macy's, Dollar Tree and Dollar General, which rose sharply after raising their guidance on Thursday, slowed. Most of Thursday's soaring US-listed stocks moderated, while Pinduoduo's higher-than-expected earnings and earnings in the first quarter widened to more than 10 per cent at midday, after LAIX Inc. rose nearly 20 per cent in intraday trading.

European stocks also continued to rise. The pan-European stock index rose more than 1 per cent in a day, rising nearly 3 per cent in a week for the first time since mid-late March. Technology stocks were also the biggest contributors to European stocks on Friday, while the utility sector, which fell alone on Thursday, still fell on fears of a wider UK levy on profits tax. Us stocks benefited in part from better performance by retailers and technology companies this week, while retail stocks in Europe also stood out throughout the week, with the UK government's £15 billion stimulus to support household consumer spending in a high inflation environment.

Traders' expectations of Fed interest rate hikes have cooled, and the possibility of interest rates rising to 2.75% by the end of the year has fallen to 27% from 51% last Thursday. The dollar index hit an one-month low in intraday trading, then rose, and finally continued to fall throughout the week. It was the worst performance in nearly two years in two weeks. Yields on benchmark 10-year Treasuries, which rose in intraday trading on Thursday, fell back, nearing an one-month low set on Thursday, and continue to fall this week.

The RMB exchange rate rebounded sharply in intraday trading, with the onshore RMB recovering five levels of 6.75 to 6.71 against the US dollar during the day, breaking through 6.70 in night trading, once rising 600 points from its intraday low. The offshore renminbi regained the 6.71 mark against the dollar at the start of trading in the United States, up nearly 800 points from the low set in more than a week in early Asian trading. The Russian rouble, which plunged after a more-than-expected violent rate cut by the central bank on Thursday, continued to fall, falling more than 20 per cent from a four-year high set on Wednesday and falling in a week for the first time since mid-April.

Among commodities, international crude oil fell in intraday trading, but finally continued to close higher, Brent crude oil and the United States WTI hit a two-month high. According to the media, EU countries are negotiating an embargo on Russian oil and may delay the ban on importing Russian oil through onshore pipelines in order to win the support of landlocked countries such as Hungary, and representatives of EU countries may reach an agreement on Sunday so that leaders can unanimously support the ban at the EU summit at the end of this month. Supported by the weakness of the dollar, gold continued to rise slightly after days of decline in London base metals rebounded, and recently Lenny, which has continued to excel, rose thousands of dollars a day. These commodities rose throughout the week, with crude oil rising for six weeks for the first time in three months. U.S. natural gas, which turned lower in intraday trading on Thursday, continued to fall from a nearly 14-year high, maintaining a rising momentum throughout the week.

Three major US stock indexes hit a three-week high, the S & P achieved the biggest weekly gain in a year and a half. Tesla, Inc. 's plate led the S & P Pinduoduo to lead the Nasdaq.

The three major US stock indexes opened higher for the second day in a row. At a late session high, the Dow Jones industrial average rose nearly 520 points, while the s & p 500 and NASDAQ composite index rose more than 2% and 3%, respectively. Finally, it closed higher for three consecutive days and the fourth day of the week.

Leading the rally, the Nasdaq closed up 3.33%, the biggest gain since Friday, May 13, to 12131.13 points, and closed again at 12000 points for the first time since May 6. The s & p 500 closed up 2.47% at 4158.24, the highest level since may 4th and the highest level since may 17 on Thursday. The Dow closed up 576.36 points, or 1.77%, up more than 500 points at 33212.96 for two consecutive days. It closed above 33000 points for the first time since May 4, up six days in a row, and closed at its highest level since May 17 for the third day in a row on Thursday.

The Russell 2000, a small-cap index of value stocks, closed up 2.7%, while the tech-heavy Nasdaq 2000 index closed up 3.3%, the biggest gain in two weeks. Chinese stocks continue to take the lead in boosting the Nasdaq 100, with a lot of component stocks performing well.

Major U. S. stock indexes have risen this week. The Dow rose 6.24%, ending the longest losing week since 1923, which ended eight weeks in a row last week. Last week, the S & P 500 rose 6.58%, and the Dow posted its biggest weekly gain since November 2020. The Nasdaq rose 6.84%, the Nasdaq 100 rose 7.15%, and both the Nasdaq and S & P ended seven weeks of losses. Russell 2000, which has been down for five weeks, rose 6.46%.

All S & P 500 sectors closed higher on Friday. The consumer discretionary sector of Tesla, Inc. and the IT sector of chip stocks such as Apple Inc and NVIDIA Corp led the way, while the communications services, real estate, materials and industrial sectors of Alphabet Inc-CL C's parent company Alphabet rose more than 2 per cent, while other sectors rose more than 1 per cent. All sectors are tired this week, led by consumer discretionary gains of more than 9.2 per cent, IT, energy and finance up more than 8 per cent, industrial and essential consumer goods up more than 6 per cent, and health care, the lowest-growing sector, up 3.2 per cent.

Tesla, Inc. closed up more than 7.3 per cent, up more than 7 per cent for two consecutive days and leading technology stocks for days. Among FAANMG's six largest technology stocks, Alphabet closed up 4.2%, Apple Inc nearly 4.1%, Amazon.Com Inc nearly 3.7%, Microsoft Corp nearly 2.8%, and Nai soared nearly 2%. Meta, the parent company, rose 1.8%. The FANG four major technology stock indexes returned to their levels last Monday, May 9, with a key point of 5200. These technology stocks are also up this week. Tesla, Inc. is up more than 14%, Apple Inc is up nearly 9%, Microsoft Corp is up more than 8%, Amazon.Com Inc is up 7%, Netflix Inc and Alphabet are up more than 4% and 3%, respectively, and Alphabet Meta is up 0.8%, but they are still tired and down in the last month. Amazon.Com Inc is down more than 20%, and Tesla, Inc. is down more than 10%.

Chip stocks overall continued to outperform the market, with the Philadelphia semiconductor index and semiconductor industry ETF SOXX closing up 4 per cent and 4.1 per cent respectively, up nearly 8.1 per cent and 8 per cent this week. Among the IT stocks in the S & P 500, Broadcom Ltd closed up nearly 6%, more than 11% in the last five days, nearly 5.4% in the last five days, nearly 16% in the last five days, Qualcomm Inc, Applied Materials Inc up more than 3%, Lam Research Corp, Intel Corp, Seagate Technology up more than 2%.

Among the stocks that reported better-than-expected income and earnings in the first quarter, DELL (Dell) closed up nearly 12.9%, Autodesk (ADSK) up 10.3%, and Marvell Technology (MRVL) up 6.7%; cosmetics retailer Ulta Beauty (ULTA), which had better-than-expected quarterly results and annual guidance, closed up nearly 12.5%; and Red Robin (RRGB), with quarterly revenue higher than expected and loss per share lower than expected, closed up 25.1%. Costco (COST), which had better-than-expected revenue but weaker-than-expected same-store sales in the first quarter, closed up 1.2 per cent; American Eagle (AEO), whose quarterly revenue was lower than expected, closed down 6.6 per cent; Big Lots (BIG), which had lower-than-expected quarterly earnings, fell more than expected and underperformed full-year earnings guidance; and Gap (GAPS), which lowered its full-year profit guidance, rose at midday and closed up 4.3 per cent.

In addition, Macy's (M), Dollar Tree (DLTR) and Dollar General (DG), which closed up nearly 20 per cent, more than 20 per cent and more than 10 per cent respectively after Thursday's results, closed up nearly 2.3 per cent, 1.4 per cent and more than 2.8 per cent respectively, up nearly 30 per cent, more than 28 per cent and 21 per cent respectively in the last five days.

Most popular US-listed stocks continued to rise, moderating from Thursday, with ETF KWEB and CQQQ closing up 1.4 per cent and 0.5 per cent, respectively. The Nasdaq Golden Dragon China Index (HXC) closed 2.3 per cent higher. Among the stocks in the Nasdaq 100 index, Pinduoduo, who announced the results, closed up about 15.2%, NetEase, Inc rose nearly 2.5%, Baidu, Inc. rose 2.1%, and JD.com rose 1.8%. Among the other stocks, LAIX Inc closed up more than 13%, Tiger Securities rose more than 6%, Dingdong (Cayman) Limited rose more than 5%, the first RLX Technology of e-cigarettes rose more than 4%, Futu Holdings Limited and Dada rose nearly 4%, NIO Inc Automobile, NetEase, Inc youdao rose more than 3%, TAL Education Group rose over 2%, XPeng Inc. rose nearly 2%, iQIYI, Inc. and Vipshop Holdings Limited rose over 1%, New Oriental Education & Technology Group rose nearly 1%, Li Auto rose 0.4%, and Zhihu Inc. fell more than 6%. BABA fell more than 1%, Tencent powder fell nearly 0.4%.

As for European stocks, the pan-European stock index rose for three days in a row. The European Stoxx 600 index rose more than 1% for two days in a row, its highest close since May 3. German, French, British and Italian stocks rose for three days in a row, while the Spanish stock index rose for six days in a row, while the British stock index, which introduced a windfall tax on the energy industry, was at the bottom. Of all the sectors, only two closed down on Friday, while public utilities fell more than 0.9% on Thursday, and oil and gas fell nearly 0.3%. Technology led the rise of nearly 3.3%, while tourism, financial services, retail, industrial, engineering, personal and household goods rose by more than 2%.

This week the Stoxx 600 index posted its biggest weekly gain since March 18, easily erasing last week's losses and gaining for the third week in the last seven weeks. Stock indexes from all over the world also rose, with the Spanish stock index up more than 5%.

The yield on 10-year US Treasuries was close to an one-month low and fell for three weeks in a row.

European government bond prices rebounded across the board and yields fell. By late European trading, the yield on UK 10-year benchmark government bonds fell 5.1 basis points to 1.917 per cent, ending a two-day rise, while German bunds fell 3.5 basis points to 0.963 per cent during the same period. UK bonds rose 2.4 basis points this week, up for two weeks, but far less than last week's nearly 15 basis points, while yields on German bonds, which fell slightly last week, rose 1.9 basis points and climbed in the first week of the last three weeks.

The yield on the benchmark US 10-year Treasury note only rose in a short term in early Asian trading and European stocks on Friday. When the Asian market was high in early trading, it rose above 2.76% and rose nearly 2 basis points during the day. At one point, US stocks fell below 2.71% in early trading, approaching the intraday low of April 14 set by nearly 2.70% on Thursday. By the end of trading, US stocks closed at about 2.74%, down nearly 1 basis point on the day, down more than 4 basis points this week, and fell for three weeks in a row. But the decline moderated significantly, falling more than 10 basis points in each of the previous two weeks.

The dollar index hit an one-month low and its biggest two-week decline in the past two years, the offshore RMB rose nearly 800 points after hitting a new low in more than a week.

The ICE dollar index (DXY), which tracks a basket of the dollar's six major currencies, fell below 101.50 in early trading and fell nearly 0.4 per cent on the day before rebounding. European stocks wiped out all their losses and rose in a short term, rising below 101.90 and up about 1 per cent during the day.

By Friday's close, the dollar index was below 101.70, down nearly 0.2% on the day and down nearly 1.4% this week. The Bloomberg dollar spot index fell 0.3%, the lowest since April 22, and fell more than 1.2% this week. Both fell more than 1% for two consecutive weeks after seven weeks of gains, the biggest two-week decline since November 2020.

The onshore renminbi (CNY) fought back against the dollar on Friday, recovering 6.75,6.74,6.73,6.72 and 6.71in intraday trading, closing at 6.7081 at 16:30, up 300bp from Thursday. At one point, the onshore RMB regained the 6.70 mark in night trading, rising to 6.6923 at one point, rebounding about 600bp from the intraday low of 6.7520, closing at 6.6980 at night, up 399points from Thursday night trading and down 59 points this week.

The offshore RMB (CNH), which had been falling for two consecutive days, also rose sharply in intraday trading on Friday, falling to 6.7856 in early trading in Asia and losing 6.78 for the first time since last Wednesday, May 18. after that, European stocks rebounded rapidly, recovering 6.75,6.74,6.73,6.72 respectively. At the beginning of the session, US stocks rose to 6.7071, up 785 points from the intraday low. At 04:59 Beijing time on the 27th, the offshore RMB was trading at 6.7208 yuan against the dollar, up 466 points from late trading in New York on Thursday, up 210 points this week for two consecutive weeks and up 1,000 points last week.

After Thursday's intraday dive, the Russian rouble continued to fall against the dollar, closing at 66.70, down about 2.2 per cent on the day and falling below 67.00 in intraday trading, down more than 20 per cent from Wednesday's intraday high of 55.8 since February 2018. The rouble has fallen more than 2% this week, falling for the first time in six weeks.

The cryptocurrency continued to fall. BTC US stocks fell below $28300 at midday, down more than $1000 or nearly 5 per cent from their intraday high in early Asian trading. Us stocks rose above $29000 in late trading and closed below $29000, down more than 2 per cent in the last 24 hours. although they have not returned to the two-week low set by falling below $28000 on Thursday, they have fallen more than 1 per cent in the last seven days.

Crude oil hit a two-month high and the longest straight rise in three months US gasoline is close to an all-time high and natural gas has fallen from a 14-year high and is still up for four weeks.

International crude oil futures fell more than once in intraday trading. When European stocks and US stocks were at a pre-session low, US WTI crude oil fell below US $113,000, down nearly 1.1% during the day, Brent crude oil fell below US $117,0.7% during the day, and US stocks completely got rid of the decline at the end of early trading.

In the end, WTI July crude oil futures closed up 0.86% at US $115.07 per barrel, the highest closing price for the main contract since March 8, rising for three consecutive days. Brent July crude oil futures closed up 1.73% at US $119.43 per barrel for seven consecutive days, the second consecutive high since March 25.

Us oil rose 1.62% this week, while cloth oil rose 6.11% for six consecutive weeks, continuing to refresh the longest consecutive week of gains in the eight weeks that ended Feb. 11.

Us gasoline and natural gas futures continue to rise and fall. NYMEX June gasoline futures closed up 3.57% at $4.0158 a gallon, approaching the all-time high set after breaking $4 last Monday, May 16, rising for four consecutive days and up nearly 4.7% this week, wiping out all the declines that had fallen in three weeks last week. NYMEX July natural gas futures closed down 1.89 per cent at $8.727 per million British thermal units, falling for two days after three consecutive days of gains, further falling from Wednesday's highest close since August 2008, up 6.71 per cent for four weeks this week.

European natural gas rebounded, closing higher on the third day of the week, but mixed throughout the week. ICE UK natural gas futures, which fell nearly 3 per cent on Thursday, closed up 6.17 per cent at 153.36 pence per kcal, the highest since Thursday, May 19, up 3.65 per cent this week, erasing last week's decline and rising for the second week in the last eight weeks, while TTF benchmark Dutch gas futures, which fell more than 2 per cent on Thursday, closed 1.05 per cent higher at 86.875 euros per megawatt after falling 1.17 per cent for two weeks.

Lun Zinc hit a three-week high and gold rose nearly 4% in one week. Gold rose for two consecutive weeks.

London base metal futures rose on Friday. Lenny, which led the rally, rose for three consecutive days, rising thousands of dollars, or nearly 4 percent, to close at $28000 for the first time since last Thursday. Lun Zinc, which has fallen for two days in a row, rebounded strongly by nearly 3%, closing at its highest level since May 5 on the second day of the week after Monday. Lunxi ended four days of consecutive losses, and bid farewell to three consecutive days of decline in Lun Copper and Lun Aluminum are out of the trough since last Wednesday. Lun lead rose for two days in a row, further out of a week's trough.

Base metals have been mixed this week. Ren Zinc, which led the rise, rose 3.7%, rising for two consecutive weeks after falling for seven weeks in a row, while Lenny, which rose more than 1%, and Ren Copper, which rose 0.4%, also rose for two weeks. Lun aluminum fell more than 2%, Lunxi fell more than 1%, and lun lead fell slightly after rebounding last week.

New York gold futures rose slightly for two days in a row. COMEX June gold futures closed up 0.20% at $1851.30 per ounce, closing above $1850 for the first time in the last three days, up about 0.45% this week and up for two weeks in a row.