Last Friday, the US dollar index fluctuated upward and fluctuated sharply after the release of non-farm data, and finally stood above the 101 mark, closing up 0.13% at 101.18. The benchmark 10-year US Treasury yield closed at 3.713%; the two-year US Treasury yield, which is more sensitive to monetary policy, finally closed at 3.654%.

The mixed US employment data has raised doubts about the extent of the Fed's interest rate cut later this month. Spot gold once hit an intraday high of $2,529.10 after the release of non-farm data, and then gave up all gains and turned down, finally closing down 0.76% at $2,497.56/ounce. Spot silver fell more than 3%, and finally closed down 3.07% at $27.92/ounce.

Perhaps because market concerns about economic recession offset the support for oil prices from OPEC+'s delay in increasing supply, international oil prices fell more than 1% during the day, once falling to the lowest level since June last year. WTI crude oil once fell to an intraday low of $66.70, and finally closed down 1.84% at $67.62 per barrel; Brent crude oil finally closed down 1.86% at $71.34 per barrel. It is worth noting that Brent crude oil fell 10% last week, and WTI crude oil fell about 8% last week.

The three major U.S. stock indexes closed down, with the Dow Jones Industrial Average down 1.01%, the S&P 500 down 1.73%, and the Nasdaq down 2.55%. Broadcom (AVGO.O) fell more than 10%, Tesla (TSLA.O) fell 8.45%, TSMC (TSM.N) and Nvidia (NVDA.O) fell more than 4%. The Nasdaq China Golden Dragon Index closed down 0.77%, Xpeng Motors (XPEV.N) and Li Auto (LI.O) fell about 3%, and NIO (NIO.N) rose 3.7%.

Major European stock indices closed lower across the board, with Germany's DAX30 index closing down 1.48%; Britain's FTSE 100 index closing down 0.73%; and Europe's STOXX 50 index closing down 1.6%.