The number of new non-farm payrolls fell significantly in August compared with July, but the growth rate was slightly higher than the market expected, and the unemployment rate unexpectedly did not stabilize, but rebounded, wage growth was slightly lower than expected, and the labour force participation rate rose higher than expected. The report shows that wage growth in the United States continues to slow and labor market tensions show signs of easing. After the release of the data, investors' expectations of the Fed's aggressive rate hike have cooled, and the chances of the Fed raising interest rates by 75 basis points and 50 basis points in September are expected to be closer to 50%, and the peak of the expected interest rate in this cycle of interest rate hikes has fallen by about 10 basis points to 3.86%.

After the release of the blockbuster non-farm payrolls report, European stocks rose, while US stocks opened higher, with all three major US stock indexes exceeding 1 per cent in early trading. After Russia suddenly announced that the gas supply of the important European pipeline would not resume as scheduled due to maintenance, and completely stopped the gas supply until the fault was completely eliminated, the market's risk appetite deteriorated, US stocks dived in intraday trading, and the three major indexes smoothed out their intraday gains and losses in midday, ending the week with a collective closing down on the fourth day. Almost all sectors fell at midday, and only the energy sector, which benefited from the rebound in crude oil, kept the rally. European stocks, which closed before Russia's "out of breath" announcement, were unaffected, pushed out of the trough of more than a month by the car-led sector, and continued to fall as tired as the US stock index throughout the week, but German stocks rose on Friday.

Treasury yields fell across the board and prices rebounded after the blockbuster jobs report. Benchmark 10-year Treasury yields fell more than 10 basis points during the day, breaking from Thursday's high since late June, while 2-year Treasury yields, which are more sensitive to the interest rate outlook, fell more than 10 basis points during the day, far from Thursday's nearly 15-year high. After the intraday decline in US stocks, US bond yields maintained a downward momentum.

After the release of the non-farm report, the intraday decline of the dollar index expanded rapidly, with US stocks falling 109.00 in early trading, further falling from the 20-year high set on Thursday. After the intraday decline in US stocks, risk aversion intensified, and the dollar narrowed most of its losses and rose in the short term. The yen tested 140.80 against the dollar before the non-farm report was released, hitting a 24-year low on Thursday after falling below it for the first time since 1998. After the release of the report, the yen rose on weekday losses on the back of the dollar, while the pound rose to a new high against the dollar, but fell again as the dollar rebounded, refreshing Thursday's more than two-year low.

Among commodities, European natural gas, which led the way on Thursday, fell sharply, failing to continue its rise after Thursday's intraday reversal, falling sharply on all trading days except Thursday, giving up almost all of last week's gains throughout the week. International crude oil reversed its three-day decline, rising more than 3% in intraday trading. Although the G7 finance minister agreed to set a "price cap" on Russian oil, analysts believe that this is mainly a symbolic action. Russia has proved its ability to circumvent the G7 restrictions, and the US State Department says Iran's latest response to negotiations related to the Iranian nuclear deal is not constructive. It casts a shadow over the prospect of a resumption of the Iranian nuclear deal, which is expected to increase the supply of Iran's oil market. By the time Russia announced the extension of the "gas outage", European natural gas had closed, and crude oil accelerated to give back most of its gains during the day, eventually closing up slightly, stopping a three-day decline, but it was still falling throughout the week before the OPEC+ 's oil production policy meeting next week.

Among other commodities, precious metals rebounded after five consecutive days of decline, supported by falling US dollar and US bond yields. Gold and silver each emerged from six-week and more than two-year lows and remained tired throughout the week. Industrial metals partially rebounded, but Len Zinc continued to fall sharply. Lunzn Zinc posted its worst weekly performance in a decade as the epidemic in East Asia worried the market about demand.

The three major US stock indexes rose more than 1% before closing down more than 1%, hitting a seven-week low. The energy sector rose alone, while the pan-European stock index posted its biggest gain in more than two months, still falling for three consecutive weeks.

The three major US stock indexes collectively opened higher, with the NASDAQ up nearly 1.4% when they were high in early trading, and the Dow Jones Industrial average rose slightly more than 370 points, or nearly 1.2%, at the end of the morning. The S & P 500 index rose 1.3%, and fell after Russia announced an extension of breathlessness in midday. At midday, the Nasdaq was down nearly 1.8%, the S & P was down more than 1.5%, and the Dow was down 474 points and 1.5%.

In the end, the three major indexes closed down on the fourth day of the week, and all fell more than 1%, the lowest close since July 18. The Nasdaq closed down 1.31%, or 11638.86 points, for the first time since early August 2019. The S & P closed down 1.07% at 3924.26. The Dow closed down 337.98 points, or 1.07%, at 31318.44. Both S & P and S & P wiped out all the gains that stopped falling on Thursday.

Russell 2000, a small-cap stock index dominated by value stocks, closed down 0.79% at 1808.39 points, falling for six consecutive days and hitting its lowest level since July 26 for three consecutive days. The tech-heavy Nasdaq 100 index closed down 1.44% at 12098.44, refreshing Wednesday's lowest level since July 26, after halting four consecutive declines on Thursday.

Major US stock indexes have fallen for three consecutive weeks this week, with the Nasdaq down 4.21% and more than 4% for two consecutive weeks, approaching the biggest weekly decline since June 10, which fell 4.44% last week. S & P, which fell 4% last week, fell 3.29%. The Dow, which fell 4.2% last week, fell 2.99%, and the Nasdaq 100, which fell 4.8% last week, fell 4.02%, failing to refresh last week's biggest weekly decline since June 10. Russell 2000, which fell nearly 3 per cent in the previous two weeks, fell 4.82 per cent.

Most of the major sectors of the S & P 500 closed lower on Friday, with only energy that rose 1.8 per cent. Several sectors rose more than 1 per cent in early trading, but eventually closed down more than 1 per cent, led by communications services, where Meta, which fell nearly 1.9 per cent, while IT, essential consumer goods and utilities, where chip stocks such as real estate, healthcare and NVIDIA Corp are located, all fell more than 1 per cent. All sectors are down this week, materials and communications services are down about 5%, real estate is down about 4%, with the exception of public utilities down 1.6% and health care down 1.8%, other sectors are down at least more than 2%.

Leading technology stocks all closed down, while Tesla, Inc. closed down 2.5%, refreshing Wednesday's low since July 27th. Among the six major technology stocks in FAANM, Facebook Inc's parent company Meta, which has risen for two days in a row, closed down nearly 3.1%, and Netflix Inc fell 1.7%. They all accepted two consecutive days of gains, close to their respective lows set on Tuesday, June 22 and July 25, while Alphabet Inc-CL C's parent company Alphabet also closed down about 1.7%, refreshing the low set on Wednesday since July 26. Microsoft Corp fell nearly 1.7%, falling for six consecutive days and setting a new low since July 26 for four consecutive days. Apple Inc fell nearly 1.4 per cent to its lowest level since July 26, while Amazon.Com Inc fell more than 0.2 per cent to refresh Wednesday's lowest level since July 28. Of these technology stocks this week, only Netflix Inc is tired, up 1.3%, down more than 15.6%, Tesla, Inc. is down more than 6%, Apple Inc and Microsoft Corp are down more than 4%, and Amazon.Com Inc and Alphabet are down more than 2%.

Chip stocks overall fell for six days in a row, with the Philadelphia semiconductor index and semiconductor industry ETF SOXX closing down 1 per cent and 1.1 per cent, respectively. Among the IT stocks in the S & P 500s, NVIDIA Corp, who closed down nearly 8 per cent and fell 12 per cent in intraday trading, the biggest drop in two and a half years, closed down nearly 2.1 per cent on Thursday after disclosing that the US government had restricted its sale of some chips to China, the lowest level since the end of March last year and down more than 16 per cent this week AMD also fell more than 2% on Friday, Intel Corp and Qualcomm Inc fell more than 1%, Seagate Technology fell 0.7%, Applied Materials Inc fell 0.6%, Lam Research Corp fell 0.4%, while second-quarter income and third-quarter guidance were better than expected, and CEO said Broadcom Ltd, who said demand was expected to remain strong in the third quarter, closed up 1.7%.

Among the more volatile stocks, the media said that Kohl's (KSS) closed up 5.6% after private equity firm Oak Street Real Estate Capital offered to buy properties owned by Kohl's for as much as $2 billion, and Kohl's (KSS) closed up 5.6%. Cyber security software company Okta (OKTA), which reported positive results but fell nearly 34% on Thursday, closed up nearly 6.7%. LULU, whose second-quarter earnings and revenues beat expectations and raised its full-year guidance, closed up 6.7 per cent, while Salesforce.com Inc, whose rating was upgraded from sell to neutral by Guggenheim, rose 0.1 per cent.

Most popular US-listed stocks continued to fall, with ETF KWEB and CQQQ closing down about 2.1 per cent. The Nasdaq Golden Dragon China Index (HXC) closed 2.6 per cent lower. Of the four constituent stocks in the Nasdaq 100 index, Baidu, Inc. closed down 3.1%, JD.com fell 2.9%, while Pinduoduo closed up nearly 1.1% and NetEase, Inc rose 0.4%. Among the "demon stocks" that tumbled on Thursday, ATXG, which rose more than 80 times on its first day of trading, closed down 68 per cent on its third day of trading, while MEGL and HKD were all down more than 10 per cent. Among the other stocks, Dingdong fell nearly 8%, Jinshan Yun fell more than 7%, NIO Inc. Automobile and Dada fell by over 5%, Li Auto, iQIYI, Inc., TAL Education Group, Full Truck Alliance, XPeng and Weibo fell by over 4%, XPeng and Weibo fell by over 3%, New Oriental Education & Technology fell by more than 2%, Alibaba fell by 2%, Tencent Music and HUYA Inc. fell by over 1%, while NetEase youdao rose by over 5%, DouYu International by nearly 2%, and Tencent by nearly 0.6%.

For European stocks, the pan-European stock index, which has fallen for four days in a row, rebounded strongly, ending four consecutive days of fresh lows for at least six weeks. The European Stoxx 600 index rose 2% in a day for the first time since June 24. All sectors closed higher, led by the auto sector, which rose more than 3.7 per cent, with Volkswagen up 6.7 per cent, supporting Germany's Dax index up more than 3 per cent and leading gains among major stock indexes in Europe.

The Stoxx 600 index fell for three straight weeks this week, falling more than 2% for two weeks in a row. German stocks outperformed other countries' stock indexes, rising slightly and ending two weeks of decline, while stock indexes of other countries continued to fall. This week, only two sectors, cars and banks, rose 2.3% and 1.6% respectively, led by basic resources in the sector where mining stocks fell 6.4%, followed by technology, which fell nearly 4%.

The prices of European government bonds were mixed, the prices of British government bonds continued to fall, yields continued to hit record highs, and the prices of bonds of euro zone countries such as Germany rebounded. On Friday, the yield on UK 10-year benchmark government bonds closed at 2.91%, up 4 basis points on the day. European stocks were close to 2.95% in intraday trading, hitting the highest level since 2014 for the third day in a row. The yield on 2-year gilts closed at 3.06%, up 2 basis points on the day. It was close to 3.17% in intraday trading, reaching its highest level since 2008 for two consecutive days and the third day of this week. The yield on 10-year German bunds closed at 1.52 per cent, down 4 basis points on the day. Us stocks fell to a session low of 1.475 per cent at the start of the day, far from the highest level since June 29, which rose above 1.6 per cent on Thursday.

After the release of the US non-farm payrolls report, the yield on the 10-year benchmark Treasury note fell from an intraday high of nearly 3.29% to a fresh daily low of 3.20%, with an intraday drop of more than 10 basis points, breaking away from Thursday's nearly 3.30% high since late June. The yield on the two-year US bond, which is more sensitive to the interest rate outlook, fell by more than 10 basis points in early trading, far from the nearly 15-year high set by 3.55% on Thursday, ending the trend of hitting a nearly 15-year high for four consecutive days.

After the midday decline in US stocks, the yield on 10-year Treasuries widened, breaking 3.18% to refresh their daily lows, and the yield on 2-year Treasuries broke through 3.40%. By the close of US stocks, the yield on 10-year Treasuries was about 3.19% and the two-year yield was about 3.39%. The spread between 2-year and 10-year Treasury yields, an important recession warning indicator, narrowed to about-20 basis points. Yields have been upside down since July 5th.

Yields on 10-year gilts are up about 31 basis points this week, 10-year German yields are up more than 14 basis points, and 10-year US yields are up about 15 basis points for five weeks. On the other hand, yields on 2-year Treasuries have fallen slightly in cumulative terms, with yields falling only in all maturities.

After the employment report, the dollar index accelerated off its 20-year high and the yen rose, hitting a 24-year low.

The ICE dollar index (DXY), which tracks a basket of the dollar's six major currencies, continued to fall throughout the day. After the release of the US non-farm payrolls report, the intraday decline expanded rapidly. Us stocks fell below 109.00 to refresh their daily lows in early trading, down nearly 0.7 per cent on the day, falling off Thursday's close to 110.00, the highest since June 2002. U. S. stocks fell in midday, risk aversion pushed up the dollar index, after a short-term rise in late trading.

By Friday's close, the dollar index was at 109.60, down nearly 0.08% on the day, falling slightly after three consecutive losses on Thursday and still up 0.7% this week. The Bloomberg spot index of the dollar also fell less than 0.1%, still close to the record high set on Thursday, up more than 0.8% this week, and the dollar index has risen for three consecutive weeks.

On Thursday, after falling below 140.00 for the first time since 1998, the yen fell further against the dollar on Friday. Before the release of the US employment report, it was tested at 140.80, hitting a 24-year low for the second day in a row, and fell more than 0.4% on the day. After the report was released, US stocks quickly wiped out their losses. After breaking 140.00s in early trading, US stocks rose above 139.90 at one point and returned to below 140,400 at the close of trading, roughly unchanged at 04:00.

After the release of the US employment report, the pound rose rapidly against the dollar. Us stocks rose more than 0.4 per cent in early trading. After the dollar rebounded in midday, the pound quickly gave up its gains and fell below 1.15. refreshing Thursday fell below 1.15 since March 2020, while US stocks closed at just over 1.1510, down nearly 0.3 per cent on the day and falling for six days in a row.

After the release of the US employment report, EURUSD quickly rose back above 1.0000, and US stocks further exceeded 1.0030 in early trading to refresh new highs. After the US dollar narrowed its decline in trading, it fell below 1.0000 again, and fell below parity at the close of trading for two days in a row.

Offshore RMB (CNH) fell against the dollar in intraday trading, having approached the 6.9005 mark at its morning high, and then continued to fall, falling below 6.9211 at one point after midday. At 04:59 Beijing time on the 3rd, the offshore RMB was at 6.9160 yuan against the dollar, down 3 points from late Thursday in New York for two consecutive days.

High-risk cryptocurrencies also fell in intraday trading. BTC, which rose above $20400 in early trading, quickly fell below the $20, 000 mark at midday and fell below $19800 at the session's low, down nearly $700, or more than 3%, from its intraday high. U. S. stocks closed just below $20, 000, down about 0.5% in the last 24 hours and more than 3% in the last seven days.

European natural gas fell by more than 10%, giving up nearly 40% of last week's gains, while crude oil stopped three consecutive shades, but fell more than 6% throughout the week.

European natural gas, which rebounded sharply in intraday trading on Thursday, fell sharply on Friday, giving up almost all the gains it gained nearly 40% last week. ICE UK natural gas futures closed down 15.36 per cent at 409.42 pence per kcal, giving up all the gains that ended two consecutive losses on Thursday, closing down 36.06 per cent for three days in just four trading days, while Dutch gas futures, the continental TTF benchmark, closed down 11.66 per cent at 214.665 euros per megawatt, closing down on the fourth day of the week and down 36.71 per cent for the week.

By the end of the European market on Friday, German electricity prices fell 7.41% in the coming year to a record low of 500.00 euros for five consecutive days, falling 48.98% this week after rising more than 70% last week.

International crude oil futures rebounded after falling for three consecutive days. When US stocks were at a pre-session high, US WTI crude rose to $89.66, up more than 3.5 per cent, and Brent crude rose to $95.32, up 3.2 per cent. After the opening of US stocks, crude oil gradually gave up its gains, and Russia accelerated its pullback after it announced that it was "out of breath".

In the end, WTI October crude oil futures closed up 0.3% at $86.87 a barrel, while Brent November crude oil futures closed up 0.71% at $93.02 a barrel, both of which were above Thursday's closing lows since Aug. 16. Us oil is down 6.65% this week, while cloth oil is down nearly 6.1%, giving up all the gains that rebounded last week and falling in the sixth week in the last nine weeks.

Us gasoline and natural gas futures continue to rise and fall. NYMEX October gasoline futures, which have fallen for three days in a row, closed 3.3% higher at $2.4636 a gallon, off Thursday's low since January 11, but fell 8% this week for three weeks. NYMEX October natural gas futures closed down 5.14% at $8.7860 per million British thermal units, off Thursday's high since Monday, down 5.49% for two weeks.

Zinc fell nearly 4% to an one-month low, and fell 12% this week, the biggest drop in a decade.

London base metal futures mostly rebounded on Friday. Lunxi Copper and Lunxi Aluminum ended three consecutive losses, while Lunxi Copper and Lunxi rebounded slightly, temporarily saying goodbye to their respective troughs of late July and January last year, while Lun Aluminum closed flat, still at its lowest level since April last year on Thursday. Lenny, which fell more than 5% on Thursday, also rebounded from its lowest level since mid-July. Lun zinc fell for four consecutive days, falling 3.8% in a day after falling nearly 6% on Thursday, hitting its lowest level since the end of July for two days in a row. Lun lead fell for three consecutive days, closing below $1900 for the first time since July 14, nearing its lowest level since November 2020 set on July 14.

All basic metals fell this week, with zinc falling by more than 12%, the biggest weekly decline in a decade, giving up last week's 2% rise, Lunxi also fell by more than 10%, and lun lead fell nearly 5%, both for three consecutive weeks. Lun Aluminum, which rose more than 4 per cent last week, fell nearly 8 per cent, while Lun Copper, which rose 1 per cent last week, fell more than 6 per cent.

Gold and silver reversed five consecutive declines, shaking off six-week and two-year lows respectively, but fell for three weeks in a row.

New York gold and silver palladium futures reversed five consecutive losses, but both fell for three weeks in a row. COMEX December gold futures closed 0.78 per cent higher at $1722.60 an ounce, shrugging off Thursday's closing low since July 20th and still down 1.55 per cent this week. COMEX December silver futures closed 1.2 per cent higher at $17.881 an ounce, closing at a two-day low since June 2020 on Thursday and down 4.6 per cent this week.