With the Chinese central bank rolling out a &#34;big gift package&#34; policy and global central banks' interest rate cut expectations heating up, a series of favorable policies have reversed market risk aversion. The Chinese concept stocks index surged 24% throughout the week, outperforming other global stock markets.
Benefiting from Chinese policy stimulus, as well as inflation in France and Spain remaining below 2% accelerating the ECB's interest rate cut pace, European stocks hit new highs again. The pan-European stock index and the German stock index hit new highs for two consecutive days; while U.S. stocks performed steadily, with all three major indexes rising for three consecutive weeks but with smaller gains, the S&amp;P 500 index rose 0.62% this week.
This week, the easing of the situation in Libya, Saudi Arabia considering increasing production, investors' concerns about oil demand prospects, and Wall Street's pessimistic expectations have all weighed on oil prices, overshadowing the impact of the Middle East tensions. U.S. oil fell nearly 4% this week, giving back almost all of the gains from the past two weeks.
Gold, silver, and copper rose, with the economic barometer &#34;Dr. Copper&#34; rising to a 16-week high; gold rose by about 14% this quarter, marking the best performance in eight years, and has risen by about 29% year-to-date, the largest annual increase in fourteen years; spot silver approached $32, hitting a new high in twelve years.
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With the People's Bank of China rolling out the "big gift package" policy, coupled with the increasing global central bank interest rate cut expectations, the Chinese concept index surged 24% throughout the week, outperforming other global stock markets

- China's central bank's new policies have significantly improved market risk appetite, leading to a 24% increase in the China concept index, outperforming global markets.  
- European stocks reached new highs due to low inflation in France and Spain, while U.S. stocks showed modest gains, with the S&P 500 rising 0.62% over the week.  
- Oil prices fell nearly 4% amid easing tensions in Libya and concerns over demand, while gold and silver prices surged, with gold achieving its best quarterly performance in eight years.

Chinese concept stocks shine across the board, with gold, silver, and copper surging | Overseas major asset weekly report