Focus on CHK and US stocks

US stocks closed with all three major indexes recording the best weekly gains of the year, with Nvidia up 19%; Chinese concept stocks performed well on Friday, with JD.com rising over 8%.

来源：华尔街见闻
作者：房家瑶、杜玉、龙玥、李笑寅

数据坚定软着陆信心，标普纳指连涨七日止步四周连跌，猴痘概念股大涨，芯片股指全周涨近10%，英伟达周涨近19%一年多最佳。全周美债收益率和美元累跌，金价升破2500美元连涨三周。周五日元涨超1%，离岸人民币跳涨220点且全周累涨，美油一度跌3%且周内转跌。英镑周涨1.4%创一个多月最佳。

美国8月密歇根大学消费者信心指数初值为五个月来首次上升，通胀预期意外持稳。但7月新屋开工和营建许可等楼市指标持续受到高利率压力。本周数据增强市场对美国经济软着陆的信心，对9月美联储大幅降息50个基点的押注显著回落至25%。美联储芝加哥联储主席古尔斯比称，失业率上升显示就业恶化，美联储需要降息。

分析称，周五经济数据推动美联储降息预期升温，投资者更加相信经济衰退可以避免，美联储将在9月份开始降息，今天的市场是复苏的延续，也是对早前经济衰退担忧的平息。数据公布后，美股全线收涨，美债收益率全线下跌，美元走软提振贵金属走高，现货黄金首次突破2500美元大关刷新历史新高。

下周的焦点将转向美联储7月会议纪要以及美联储主席鲍威尔在杰克逊霍尔年会上就经济前景发表讲话，以寻求更多降息线索。此外，美国CFTC数据显示，对冲基金对日元的头寸自2021年以来首次变为净多头，日元周五涨超1%。

失业救济申请、CPI和零售销售数据没有意外“疲软”，降息预期回到了就业数据公布前的水平（预计到2025年底降息幅度将不到200个基点）

美股三大指数齐创2024年最佳单周表现，费城半导体指数全周累涨约9.8%

美股三大指数低开高走，集体收涨0.2%，齐创2024年迄今最佳单周表现，中概股指周五涨近2%显著跑赢大盘，费城半导体指数全周累涨约9.8%：

标普大盘和纳指连涨七日，均创去年10月以来最佳单周表现并止步四周连跌，道指创去年12月以来最佳单周涨幅：标普500大盘周五收涨0.20%至5554.25点，本周累涨3.93%。道指收涨0.24%或96.70点至17631.72点，本周累涨2.94%。纳指收涨0.21%至17631.72点，本周累涨5.29%。纳指100收涨0.09%本周累涨5.38%。衡量纳指100科技业成份股表现的纳斯达克科技市值加权指数（NDXTMC）收涨0.09%，本周累涨6.44%。罗素2000指数收涨0.30%，本周累涨2.93%。恐慌指数VIX收跌2.82%，报14.80，本周累跌27.34%，跌穿15至7月23日以来的三周多最低。

本周美股飙升，创下今年以来的最佳表现，其中纳指领涨5%以上，较上周一的低点上涨了12%

美股行业ETF收盘多数上涨。区域银行ETF与银行业ETF各涨约1.5%。金融业ETF涨0.74%，公用事业ETF涨0.45%，全球科技股涨0.37%。而全球航空业ETF则跌0.39%。

标普500指数的11个板块多数上涨。周五当天，标普500指数的11个板块中，金融板块收涨0.62%，信息技术/科技、电信板块涨超0.2%，可选消费板块涨超0.1%，房地产、能源、工业板块则跌不到0.2%。
本周，科技板块累计上涨7.51%，可选消费板块涨5.21%，金融板块涨3.21%，原材料板块涨2.23%，工业板块涨2.12%，保健板块涨1.92%，日用消费品板块涨1.60%，电信板块涨1%，公用事业板块涨0.97%，能源板块涨0.85%，房地产板块跌0.01%。
“科技七姐妹”涨跌不一。英伟达收涨1.4%，本周累涨18.93%，此前四周先后跌8.75%、4.13%、5.12%、2.35%；谷歌A涨1.03%，本周累跌0.43%，此前五周先后跌2.9%、4%、6%、0.2%、1.79%；特斯拉涨0.92%，本周累涨8.06%，此前五周先后跌1.31%、3.64%、8.11%、5.52%、3.69%；苹果涨0.59%，本周累涨4.66%；亚马逊则收跌0.3%，本周反弹6.06%，此前连跌六周；微软跌0.61%，本周反弹3.25%，此前连跌五周；Meta跌1.84%，本周累涨1.86%，此前两周先后涨4.82%和6.07%。
英伟达连涨五日且单周涨近19%领跑科技股，创去年5月以来的一年多最佳表现且止步四周连跌，“科技七姐妹”仅谷歌单周累跌。苹果和微软分别累涨约4%和3%。
芯片股跌多涨少。费城半导体指数跌0.06%，接近抹去1.4%的日内跌幅，本周累涨9.78%；行业ETF SOXX跌0.21%；英伟达两倍做多ETF收涨2.6%。安森美半导体跌0.05%，AMD收涨0.81%，高通收跌0.67%，阿斯麦ADR收跌1.03%，科磊收跌1.99%，Arm控股收跌0.11%，博通收跌0.25%，应用材料收跌1.86%，台积电ADR收涨0.33%。英特尔收涨1.4%，标普下调英特尔评级至BBB+，前景展望负面。美光科技收涨0.97%。
AI概念股涨跌各异。“AI妖股”超微电脑涨0.34%，戴尔科技涨0.99%，甲骨文涨0.39%，CrowdStrike涨0.79%，Palantir涨2.75%，Snowflake涨0.78%，英伟达持股的AI语音公司SoundHound AI涨0.4%，而BullFrog AI跌10.45%，C3.ai跌0.66%，BigBear.ai跌2.33%，英伟达持股的AI机器人配送公司Serve Robotics跌2.45%。
中概股跑赢美股大盘。纳斯达克金龙中国指数周五收涨1.92%本周累计上涨2.78%。ETF中，中国科技指数ETF（CQQQ）收涨1.64%，本周累涨2.17%、结束此前连续四周下跌的趋势。中概互联网指数ETF（KWEB）收涨2.12%，本周累涨2.43%、延续上周反弹2.81%的表现。
热门中概股里，京东收涨8.48%，理想涨约6.93%，阿里巴巴涨4.58%，B站涨3.36%，百度涨3.23%，蔚来收涨3.13%、拼多多收涨2.9%、新东方收涨2.45%，小鹏涨1.46%、极氪收涨1.16%、腾讯ADR收涨1.05%。
猴痘疫情概念股普遍收涨。在美股，GeoVax Labs（GOVX）涨110.75%，Emergent BioSolutions（EBS）收涨24.02%，SIGA Technologies（SIGA）收涨9.04%。在欧洲，丹麦药企巴伐利亚北欧公司（BAVA.DC）收涨17.83%，瑞典生物制药和生物科技公司Orphan Biovitrum AB（SOBI.SS）涨1.84%。
现货黄金刷新历史高位，带动金银矿业股普遍收涨。Avino Silver & Gold收涨11.93%，哈莫尼黄金涨超5.1%，B2Gold、金田公司、巴里克黄金、金矿股ETF GDX、科尔黛伦矿业至多涨超3.8%。
此外，美国最大零售商沃尔玛连续两日收创新高，全周涨8%为四年最佳，有力提振道指表现。

欧洲多国股指多数收涨，本周欧元区STOXX 50指数累涨超3%

尽管泛欧Stoxx 600指数仍低于本月初的水平，但本周的稳定上升已抹平近期暴跌跌幅，本周欧元区STOXX 50指数累涨超3%，创1月底以来的最佳单周表现：

泛欧Stoxx 600指数收涨0.31%，周涨幅达2.46%。欧元区STOXX 50指数收涨0.68%，本周累涨3.53%。周五汽车股涨1.06%领涨，而石油和天然气股跌0.15%。

欧洲多国股指仅英股跌，德国股指收涨0.77%，周涨幅达3.38%。法国股指收涨0.35%，本周累涨2.49%。英国股指收跌0.43%，本周累涨1.75%。意大利股指收涨2.20%，本周（四个交易日，周四休市）累涨3.96%。

周五美债收益率转跌，10年期基债收益率失守3.90%

周五美债收益率转跌，对利率更敏感的两年期短债收益率一度跌超7个基点，10年期基债收益率一度跌超6个基点并失守3.90%，全周跌约5个基点：

美债：尾盘时，对货币政策更敏感的两年期美债收益率跌4.53个基点，报4.0560%，本周累涨0.29个基点，8月14日发布美国CPI数据时刷新本周低点至3.8685%，整体呈现出U型反转。美国10年期基准国债收益率跌2.67个基点，报3.8864%，本周累计下跌5.15个基点，8月12日刷新本周最高位至3.9647%，随后震荡下行，8月14日发布美国CPI数据时刷新本周最低位至3.8031%，8月15日发布美国零售销售数据后一度反抽至3.94%上方。
美国CPI数据及零售销售数据带动下，德英债收益率“见底”V型反弹，本周显著回升：欧元区基准的10年期德债收益率跌1.5个基点，本周累涨2.2个基点。两年期德债收益率跌2.6个基点，本周累涨4.6个基点。意大利10年期国债收益率涨0.1个基点，本周累跌1.0个基点。两年期英债收益率涨2.7个基点，本周累涨2.7个基点。英国10年期国债收益率涨0.3个基点，本周累计下跌1.9个基点。

本周美债收益率曲线短端走弱（+1bps）但长端曲线本周下跌7bps。明显的转变是CPI数据之后，降息预期降温导致收益率上升

美元指数连跌三周创3月份以来最长跌势，比特币回升至上逼6万美元

美元指数周五回落且全周跌0.7%，连跌三周创3月份以来最长跌势。日元兑美元周五涨超1%，但全周累跌0.7%。离岸人民币周五涨220点上逼7.16元且全周累涨。英镑周涨1.4%创一个多月最佳：

美元：衡量兑六种主要货币的一篮子美元指数DXY跌0.63%，报102.403点，整天呈现出平滑的震荡下行走势，北京时间22:00发布美国通胀预期调查报告后，跌幅一度略微收窄，本周累计下跌0.71%，逼近8月14日发布美国CPI通胀数据后跌至的本周底部102.270点。
彭博美元指数下跌0.50%，报1238.47点，本周累计下跌0.60%，临近美股收盘刷新本周底部至1238.28点。

非美货币多数上涨。欧元兑美元涨0.51%、本周累涨1.05%逼近8月14日美国CPI数据发布后所创本周最高位，英镑兑美元涨0.69%刷新本周最高位至1.2946、本周累涨1.48%，美元兑瑞郎跌0.75%、本周累涨0.12%。
日元：日元兑美元涨1.12%，报147.61日元，升破148关口但本周累跌0.69%，8月15日美国零售销售数据发布后，一度跌至149.39 。欧元兑日元跌0.64%，报162.80日元，本周累涨约1.70%；英镑兑日元跌0.48%，报191.075日元，本周累涨2.17%。
离岸人民币：离岸人民币（CNH）兑美元尾盘涨165点，报7.1631元，盘中整体交投于7.1838-7.1604元区间。本周累计上涨超0.1%，整体呈现出冲高回落走势，8月14日发布美国CPI通胀数据时涨至7.1309元。
加密货币多数下跌。市值最大的龙头比特币尾盘涨4.12%至59580.00美元，本周累跌2.31%，期间交投于62200.00-56295.00美元区间。第二大的以太坊尾盘涨3.17%，报2622.00美元，本周累涨0.77%，整体交投于2519.50-2782.50美元区间。

需求疲软拖累油价，美油周五盘中跌超3%

加沙停火谈判和全球油需疲软拖累油价，美油周五盘中跌超3%且周内转跌，布油周内微涨：

美油：WTI 9月原油期货从昨日的78.16美元/桶跌至76.65美元/桶，收跌超1.93%或1.51美元，本周累计下跌0.25%。美油全天维持跌势，欧股盘中刷新日低跌近3.4%跌穿76美元。
布油：布伦特10月原油期货从昨日的81.04美元/桶跌至79.68美元/桶，收跌近1.68%或1.36美元，本周累计上涨0.03%。布油全天维持跌势，欧股盘中刷新日低跌近3%跌穿79美元。
消息面上，据新华社报道，塔尔、美国和埃及三国16日发表联合声明，称在卡首都多哈举行的新一轮加沙停火谈判具有“建设性”，气氛积极。三国政府高级官员下周末之前将在埃及首都开罗举行会谈，目标是最终敲定协议。据央视新闻，以军在加沙地带的作战已基本结束，但以军在“获取新情报”后可重新进入加沙地带。
天然气：美国9月天然气期货收跌3.37%，报2.1230美元/百万英热单位。本周累计下跌0.93%。

现货黄金涨2%至历史新高，首次突破2500美元大关

美元走软、降息预期推动现货黄金涨2%至历史新高，首次突破2500美元大关，全周涨超3%且连涨三周：

黄金：COMEX 12月黄金期货尾盘涨2.13%，报2545.60美元/盎司，美股盘后刷新历史高位至2548.30美元，本周累涨2.94%，周一和周五显著走高，其他时间震荡回落。现货黄金全天持续拉升，北京时间04:12刷新日高涨超2.1%至2509.75美元，再创历史新高，最终收涨2.08%，报2508.01美元/盎司，本周累涨3.19%，周一和周五显著上涨，周二至周四震荡回落。
白银：COMEX 9月白银期货尾盘涨2.13%，报29.030美元/盎司，本周累涨5.23%，周四和周五涨幅突出。现货白银延续稍早前跌势，于欧股盘中刷新日低跌逾1.1%下逼28美元整数位，随后持续拉升，尾盘时刷新日高涨近2.2%上逼29美元整数位，最终收涨2.20%，报28.9793美元/盎司，本周累涨5.54%，周四和周五涨幅突出。
消息面上，美国商品期货交易委员会（CFTC）数据显示：8月13日当周，投机者黄金看涨情绪创四周新高。
伦敦工业基本金属涨跌不一。经济风向标“铜博士”收跌33美元，报9116美元/吨，本周累计上涨将近2.82%。伦锌收跌20美元，伦锡周五收跌65美元本周累涨超1.91%，伦铝周五收涨2美元本周累涨2.78%。伦铅收涨2美元，伦镍周五收涨54美元本周累涨1.38%，伦钴周五跌超4.2%本周累跌超6%。

编辑/jayden

Source: Wall Street See
Authors: Fang Jiayao, Du Yu, Long Yue, Li Xiaoyin. Data confirms confidence in a soft landing, S&P and Nasdaq have risen for seven consecutive days, while monkeypox concept stocks have soared, and the chip stock index has risen nearly 10% for the week, with Nvidia up nearly 19% for over a year. The weekly U.S. bond yield and dollar both fell, while the price of gold rose and broke through $2500 for three consecutive weeks. On Friday, the yen rose more than 1%, offshore renminbi jumped 220 points and rose for the week, and crude oil fell 3% and turned lower for the week. The pound rose 1.4% for the week, hitting a more than one-month high. Product structure, 10-30 billion yuan products operating income of 401/1288/60 million yuan respectively.

Data confirms confidence in a soft landing, S&P and Nasdaq have risen for seven consecutive days, while monkeypox concept stocks have soared, and the chip stock index has risen nearly 10%, with Nvidia up nearly 19% for over a year. The weekly U.S. bond yield and dollar both fell, while the price of gold rose and broke through $2500 for three consecutive weeks. On Friday, the yen rose more than 1%, offshore renminbi jumped 220 points and rose for the week, and crude oil fell 3% and turned lower for the week. The pound rose 1.4% for the week, hitting a more than one-month high.

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According to analysis, economic data pushed up market expectations of a rate cut by the Federal Reserve on Friday. Investors believe more strongly that a recession can be avoided and that the Fed will begin to cut rates in September. Today's market is a continuation of the recovery and a calming of earlier concerns about a recession. After the data was released, U.S. stocks rose across the board, U.S. bond yields fell across the board, and a weak dollar pushed up precious metals. Spot gold broke through the $2500 mark for the first time, reaching a new record high. Next week, the focus will turn to the minutes of the Fed's July meeting and Fed Chair Powell's speech on the economic outlook at the Jackson Hole Symposium, as investors seek more clues on rate cuts. In addition, CFTC data shows that hedge funds' positions in the yen have turned net long for the first time since 2021, and the yen rose more than 1% on Friday.

During the week, the U.S. stock market surged, marking its best performance so far this year, with the Nasdaq leading the way, up over 5% and rising 12% from its low point last Monday.

Jobless claims, CPI, and retail sales data are all ‘soft’, and rate cut expectations have returned to the level before the job data was released. (It is expected that rate cuts will be less than 200 basis points by the end of 2025.)

The three major U.S. stock indexes had their best single-week performance since 2024, and the Philadelphia Semiconductor Index rose about 9.8% for the week.

The three major U.S. stock indexes opened lower and closed higher, up 0.2% collectively. They had their best single-week performance so far this year, while the China concept stock index rose nearly 2% on Friday, significantly outperforming the market. The Philadelphia Semiconductor Index rose about 9.8% for the week.

The S&P 500 and Nasdaq both rose for seven consecutive days, their best single-week performance since October last year. The Dow had its best single-week gain since December last year: the S&P 500 closed up 0.20% at 5554.25 points on Friday, up 3.93% for the week. The Dow closed up 0.24%, or 96.70 points, at 17631.72 points, up 2.94% for the week. The Nasdaq closed up 0.21% at 17631.72 points, up 5.29% for the week. The Nasdaq 100 was up 0.09% and rose 5.38% for the week. The Nasdaq Technology Market Value Weighted Index (NDXTMC), which measures the performance of technology stocks in the Nasdaq 100, rose 0.09% for the week, up 6.44%. The Russell 2000 Index rose 0.30% and was up 2.93% for the week. The VIX fell 2.82% to 14.80, down 27.34% for the week, its lowest level in more than three weeks since July 23, falling below 15.

During the week, the U.S. stock market surged, marking its best performance so far this year, with the Nasdaq leading the way, up over 5% and rising 12% from its low point last Monday.

Most U.S. industry ETFs closed up. Regional bank ETFs and bank ETFs were up about 1.5% each. The financial industry ETF was up 0.74%, the utilities ETF was up 0.45%, and global technology stocks were up 0.37%. However, the global aviation industry ETF fell 0.39%.

Most of the 11 sectors of the S&P 500 rose on Friday. On Friday, financials were up 0.62%, information technology/tech, telecommunications rose more than 0.2%, consumer discretionary rose more than 0.1%, real estate, energy, and the industrial sector fell less than 0.2%.
This week, the technology sector rose by 7.51%, consumer discretionary rose by 5.21%, financial sector rose by 3.21%, raw materials sector rose by 2.23%, industrial sector rose by 2.12%, healthcare sector rose by 1.92%, daily consumer goods sector rose by 1.60%, telecommunications sector rose by 1%, public utilities sector rose by 0.97%, energy sector rose by 0.85%, and real estate sector fell by 0.01%.
"Tech Seven Sisters" saw mixed performances. Nvidia rose 1.4%, with a weekly rise of 18.93%. It fell 8.75%, 4.13%, 5.12%, and 2.35% in the previous four weeks. Google A rose 1.03%, with a weekly drop of 0.43%. It fell 2.9%, 4%, 6%, 0.2%, and 1.79% in the previous five weeks. Tesla rose 0.92%, with a weekly rise of 8.06%. It fell 1.31%, 3.64%, 8.11%, 5.52%, and 3.69% in the previous five weeks. Apple rose 0.59%, with a weekly rise of 4.66%. Amazon, on the other hand, fell 0.3%, with a rebound of 6.06% this week after six consecutive weeks of decline. Microsoft fell 0.61%, with a rebound of 3.25% this week after five consecutive weeks of decline. Meta fell 1.84%, with a weekly rise of 1.86%. It rose 4.82% and 6.07% in the previous two weeks.
Nvidia rose for five consecutive days and its weekly gain reached nearly 19%, leading the tech stocks. It achieved the best performance in over a year and ended four weeks of consecutive decline. Among the "Tech Seven Sisters", only Google saw a weekly decline, while Apple and Microsoft gained about 4% and 3%, respectively.
Chip stocks mostly fell. The Philadelphia Semiconductor Index fell 0.06%, nearly erasing its 1.4% intraday drop and rising 9.78% this week. The SOXX ETF fell 0.21%, while the Nvidia two-times long ETF rose 2.6%. On Semiconductor fell 0.05%, AMD rose 0.81%, Qualcomm fell 0.67%, ASML ADR fell 1.03%, KLA Corp fell 1.99%, Arm Holdings fell 0.11%, Broadcom fell 0.25%, Applied Materials fell 1.86%, and Taiwan Semiconductor ADR rose 0.33%. Intel rose 1.4%, and S&P lowered its rating on Intel to BBB+ with a negative outlook. Micron Technology rose 0.97%.
AI concept stocks rose and fell. Super Micro Computer, known as the "AI demon stock," rose 0.34%. Dell Technologies rose 0.99%, Oracle rose 0.39%, CrowdStrike rose 0.79%, Palantir rose 2.75%, Snowflake rose 0.78%, SoundHound AI, an AI voice company owned by Nvidia, rose 0.4%. However, BullFrog AI fell 10.45%, C3.ai fell 0.66%, BigBear.ai fell 2.33%, and Serve Robotics, an AI robot delivery company owned by Nvidia, fell 2.45%.
China concept stocks outperformed the US market. The Nasdaq Golden Dragon China Index rose 1.92% on Friday, up 2.78% this week. In the ETFs, the China Technology Index ETF (CQQQ) rose 1.64% and rose 2.17% this week, ending the previous four weeks of decline. The Chinese Internet Index ETF (KWEB) rose 2.12% and rose 2.43% this week, continuing last week's rebound of 2.81%.
Among the popular China concept stocks, JD.com rose 8.48%, Li Auto rose about 6.93%, Alibaba rose 4.58%, Bilibili rose 3.36%, Baidu rose 3.23%, Nio rose 3.13%, Pinduoduo rose 2.9%, New Oriental rose 2.45%, XPeng rose 1.46%, Ke Holdings rose 1.16%, and Tencent ADR rose 1.05%.
Smallpox epidemic concept stocks generally rose. In the US market, GeoVax Labs (GOVX) rose 110.75%, Emergent BioSolutions (EBS) rose 24.02%, and SIGA Technologies (SIGA) rose 9.04%. In Europe, Bavarian Nordic (BAVA.DC), a Danish pharmaceutical company, rose 17.83%, while Orphan Biovitrum AB (SOBI.SS), a Swedish biopharmaceutical and biotechnology company, rose 1.84%.
Spot gold hit a new record high, driving up gold and silver mining stocks. Avino Silver & Gold rose 11.93%, Harmony Gold Mining rose more than 5.1%, and B2Gold, Gold Fields, Barrick Gold, Gold Mining ETF GDX, and Coeur Mining all rose more than 3.8% at most.
In addition, Walmart, the largest retailer in the United States, hit a new high for two consecutive days and rose 8% this week, its best performance in four years, which has strongly boosted the performance of the Dow Jones Industrial Average.

Most European stock indexes rose, and the STOXX 50 index in the euro zone rose more than 3% this week.

Although the pan-European Stoxx 600 index is still below its level at the beginning of this month, this week's stable rise has erased the recent sharp decline, with the STOXX 50 index in the euro zone rising more than 3%, the best weekly performance since the end of January.

The pan-European Stoxx 600 index rose 0.31% and rose 2.46% this week. The STOXX 50 index in the euro zone rose 0.68% and rose 3.53% this week. Automotive stocks rose 1.06% on Friday, while oil and gas stocks fell 0.15% this week.

European stock indexes except for the UK FTSE fell, with the German DAX up 0.77% for the week up 3.38%. The French CAC rose 0.35% and rose 2.49% for the week. The FTSE 100 fell 0.43% and rose 1.75% for the week. Italy's stock index rose 2.20% and rose 3.96% for the week (trading on Friday only, and closed on Thursday).

On Friday, US bond yields fell, with the 10-year benchmark yield falling below 3.90%.

On Friday, US bond yields fell, with the two-year short-term yield, which is more sensitive to interest rates, dropping more than 7 basis points at one point, and the 10-year benchmark yield dropping more than 6 basis points and falling below 3.90%, with a total weekly decline of about 5 basis points:

US bonds: At the end of the day, the two-year yield, which is more sensitive to monetary policy, fell 4.53 basis points to 4.0560%, up 0.29 basis points for the week, and refreshed the week's low of 3.8685% when the US CPI data was released on August 14, showing an overall U-turn. The 10-year benchmark Treasury yield fell 2.67 basis points to 3.8864%, down 5.15 basis points for the week. It refreshed the week's high of 3.9647% on August 12 and then fluctuated downward. When the US CPI data was released on August 14, it refreshed the week's low of 3.8031%, and rose above 3.94% after the US retail sales data was released on August 15.
Driven by US CPI data and retail sales data, German and British bond yields rebounded in a 'V' shape, showing significant gains this week: the 10-year German bonnyielde dropped by 1.5 basis points and rose 2.2 basis points this week. The two-year German bond yields fell 2.6 basis points, up 4.6 basis points for the week. The 10-year Italian Treasury yield rose 0.1 basis point and fell 1.0 basis point this week. The two-year British bond yields rose 2.7 basis points, up 2.7 basis points for the week. The 10-year British Treasury yield rose 0.3 basis points and fell 1.9 basis points this week.

This week, the US bond yield curve weakened slightly (+1bps) on the short end, but fell 7bps on the long end. The obvious change is the rise of yields after the release of US CPI data, due to the cooling of rate cut expectations.

The US dollar index fell for three consecutive weeks, the longest since March. Bitcoin rebounded to close to 0.06 million USD.

The US dollar index fell 0.7% this week and fell for three consecutive weeks, the longest since March. The yen rose more than 1% against the dollar on Friday, but fell 0.7% this week. Offshore RMB rose 220 points on Friday and rose for the whole week. The pound rose by 1.4% this week, hitting its highest level in more than a month.

USD: The DXY index, which measures the US dollar against six major currencies, fell 0.63%, to 102.403, showing a smooth downward trend throughout the day. After the release of the US inflation expectations survey report at 22:00 Beijing time, the decline narrowed slightly. It fell by 0.71% this week, approaching the bottom of this week of 102.270 points, which was reached after the release of US CPI inflation data on August 14.
Bloomberg's US dollar index fell 0.50% to 1238.47 points, down 0.60% for the week, and refreshed this week's low to 1238.28 points near the US stock market close.

Bloomberg's US dollar index fell to a five-month low.

Most non-US currencies rose. The euro rose 0.51% against the US dollar and rose 1.05% this week, close to the high of this week set after the release of US CPI data on August 14. The pound rose 0.69% against the US dollar, hitting a weekly high of 1.2946 this week, up 1.48% for the week. The USD/CHF fell 0.75% and rose 0.12% for the week.
JPY: The yen rose 1.12% against the US dollar, to 147.61 yen, breaking through the 148 mark, but fell 0.69% this week. After the release of US retail sales data on August 15, it fell to 149.39. The euro fell 0.64% against the yen, to 162.80 yen, rose about 1.70% this week; the pound fell 0.48% against the yen, to 191.075 yen, rose 2.17% this week.
Offshore RMB: Offshore RMB (CNH) rose 165 points at the end of the day against the US dollar, to 7.1631 yuan, and trading was generally between 7.1838-7.1604 yuan. It rose more than 0.1% this week and showed an overall trend of rising and falling, and rose to 7.1309 yuan when the US CPI inflation data was released on August 14.
Most cryptocurrencies fell. Bitcoin, the largest market cap leader, rose 4.12% to 59580.00 USD, down 2.31% for the week, and traded between 62200.00-56295.00 USD during the week. Ethereum, the second-largest, rose 3.17% to 2622.00 USD, up 0.77% for the week, and traded between 2519.50-2782.50 USD during the week.

Bitcoin rebounded to close to 0.06 million USD, almost unchanged at the end of the week.

Weak demand dragged down oil prices, with US crude oil falling more than 3% in intraday trading on Friday.

Truce negotiations in Gaza and weak global oil demand dragged down oil prices, with US crude oil falling more than 3% in intraday trading on Friday and turning downward for the week. Brent crude oil rose slightly this week.

WTI crude oil futures for September fell from yesterday's $78.16 per barrel to $76.65 per barrel, down over 1.93% or $1.51, with a cumulative weekly decline of 0.25%. US oil maintained its downward trend throughout the day, with European stocks hitting a daily low and falling nearly 3.4% and falling below $76. Brent crude oil futures for October fell from yesterday's $81.04 per barrel to $79.68 per barrel, down nearly 1.68% or $1.36, with a cumulative weekly increase of 0.03%. Brent crude oil maintained its downward trend throughout the day, hitting a daily low during European stocks and falling nearly 3%, falling below $79.
Natural gas: US natural gas futures for September fell 3.37% to $2.1230 per million British thermal units. It fell by 0.93% this week.
On the news front, according to Xinhua News Agency, the governments of Qatar, the United States and Egypt issued a joint statement on the 16th, stating that the new round of Gaza ceasefire negotiations held in the Qatari capital, Doha, was "constructive" and the atmosphere was positive. Senior government officials from the three countries will hold talks in the Egyptian capital, Cairo, before next weekend with the goal of finalizing the agreement. According to CCTV news, the Israeli-Palestinian conflict in Gaza has basically ended, but the Israeli army can re-enter the Gaza Strip after "obtaining new intelligence".
During post-market trading, COMEX December gold futures rose 2.13% to $2545.60 per ounce, setting a new historical high. The highest price during post-market trading hit $2548.30. It rose by 2.94% this week, with significant increases on Monday and Friday and oscillations during other times. Spot gold continued to rise throughout the day, hitting a daily high at 04:12 Beijing time, rising more than 2.1% to $2509.75 per ounce, again hitting a historical high, and finally up 2.08% to $2508.01 per ounce, with a cumulative increase of 3.19% this week, with significant increases on Monday and Friday and oscillations from Tuesday to Thursday.

On the news front, the US Commodity Futures Trading Commission (CFTC) data showed that in the week of August 13th, speculation in gold hit a four-week high.

London's industrial basic metals are mixed. The "Copper Doctor" fell by $33 to $9116 per ton, with a cumulative increase of nearly 2.82% this week. London Zinc fell by $20, and London Tin rose by $65 this week, with a cumulative increase of over 1.91%. London Aluminium rose by $2, London Nickel rose by $54 this week, with a cumulative increase of 1.38%, and London Cobalt fell by more than 4.2% on Friday this week and fell more than 6% this week.

The gold price soared to a new historical high, breaking through the $2500 mark for the first time.

US oil: WTI September crude oil futures fell from yesterday's $78.16 per barrel to $76.65 per barrel, down over 1.93% or $1.51, with a cumulative weekly decline of 0.25%. US oil maintained its downward trend throughout the day, with European stocks hitting a daily low and falling nearly 3.4% and falling below $76. Brent crude oil futures for October fell from yesterday's $81.04 per barrel to $79.68 per barrel, down nearly 1.68% or $1.36, with a cumulative weekly increase of 0.03%. Brent crude oil maintained its downward trend throughout the day, hitting a daily low during European stocks and falling nearly 3%, falling below $79.
On the news front, US natural gas futures fell 3.37% to $2.1230 per million British thermal units during post-market trading this week, with a cumulative weekly decline of 0.93%.
Gold: During post-market trading, COMEX December gold futures rose 2.13% to $2545.60 per ounce, setting a new historical high. The highest price during post-market trading hit $2548.30. It rose by 2.94% this week, with significant increases on Monday and Friday and oscillations during other times. Spot gold continued to rise throughout the day, hitting a daily high at 04:12 Beijing time, rising more than 2.1% to $2509.75 per ounce, again hitting a historical high, and finally up 2.08% to $2508.01 per ounce, with a cumulative increase of 3.19% this week, with significant increases on Monday and Friday and oscillations from Tuesday to Thursday.
Silver: COMEX September silver futures rose 2.13% to $29.030 per ounce, with a cumulative increase of 5.23% this week and significant increases on Thursday and Friday. Spot silver continued to fall slightly earlier, falling over 1.1% during European stocks and approaching the whole number of 28 US dollars. It continued to rise afterwards. At the end of the day, it hit a daily high, rising nearly 2.2% and approaching the whole number of 29 US dollars. It finally rose 2.20% to $28.9793 per ounce, with a cumulative increase of 5.54% this week and significant increases on Thursday and Friday.

Gold prices soared to a new historical high, breaking through the $2500 mark for the first time.

Editor / jayden

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