A series of economic data released on Friday are being watched by the market. The preliminary University of Michigan consumer sentiment index in May was 67.4, down from 77.2 in April, and US consumers' inflation expectations for the year ahead rose 0.3 percentage points from April to 3.5%, a six-month high. After the release of the data, a number of Fed officials said that inflationary pressures remained high, suggesting that high U.S. interest rates will remain high for longer. The three major U.S. stock indexes were mixed on the day, with the Dow up 0.32% at the close, the eighth consecutive session of gains; The S&P 500 rose 0.16%; The NASDAQ fell 0.03%.
This week, the three major U.S. stock indexes rose collectively, of which the Dow rose 2.16% this week, the fourth consecutive week of gains. The Nasdaq rose 1.14% and the S&P 500 rose 1.85%, both rising for three consecutive weeks.
The international gold price rose 1.48% on the 10th
International gold prices climbed significantly on Friday, with June gold futures closing at $2,375.00 an ounce, up 1.48%. For the whole week, it rose by 2.88%, the largest weekly increase in nearly five weeks.
International oil prices fell on the 10th
In terms of crude oil futures, as Federal Reserve officials hinted that they would maintain a high interest rate policy for a longer period of time on Friday, which suppressed the market's expectations for the demand outlook of the world's major oil consuming countries, international oil prices fell on the 10th, and the price of light crude oil futures for June delivery on the New York Mercantile Exchange fell by 1.26%; London Brent crude oil futures for July delivery fell by 1.30%. This week, the price of the main crude oil futures contract in New York rose by 0.19%; The price of the main Brent oil futures contract fell by 0.20%.
Selected from previous issues
- The Shaanxi Provincial Party Committee held a meeting of the Standing Committee
- "High vigilance"! Urgent reminder from the state security organs!
- 250,000 jobs are at stake! 11.5 billion yuan, has been issued!
- It's set! The main venue is here in Shaanxi!
Source: CCTV Finance
Editor: Liu Xiaoyu | Review ▪ and Producer: Yang Yong
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