The top three officials of the Federal Reserve are suppressing expectations of interest rate cuts, causing a "flash drop" in US bonds. Super central banks have seen a significant increase this week, while the upward momentum of US stocks has slowed down, but still maintained a seven-week streak of gains.

After falling more than 100 points, the Dow Jones Industrial Average rebounded and continued to hit new historical highs, while the Nasdaq rose for the seventh consecutive day. The S&P 500 had a slight decline after six consecutive gains, but both the S&P 500 and the Nasdaq achieved their longest weekly gains since 2017. Chip stocks reached new highs, with Intel rising more than 2%, Broadcom rising more than 2%, and recording a nearly 20% gain for the week, reaching a record high. Microsoft and Amazon rebounded, rising more than 1%. Chinese concept stocks ended their four-day winning streak, with JD.com rising more than 4% and XPeng Motors falling more than 7%. After speeches by the top three officials of the Federal Reserve, US bond yields quickly hit a daily high, with the two-year yield briefly rising more than 10 basis points, but then giving up most of the gains. The ten-year yield approached 4.0% before turning lower. The US dollar index rose and hit a daily high, breaking away from a four-month low. UK bond yields fell more than 30 basis points in a week. The offshore renminbi rose above 7.10 for the first time in six months, but then fell nearly 400 points before the end of the week, still recording a gain of more than 500 points for the week. Maersk suspended shipping in the Red Sea, and crude oil erased most of its intraday decline of nearly 2%, but still closed lower for the week, ending the longest seven-week decline in four years. Gold turned lower during the trading session, bidding farewell to its weekly high, but still rebounded for the week. London aluminum rose for the fourth consecutive week, and London zinc rose more than 5% for the week.