---
title: "Global news you need to know before the U.S. stock market opens on Friday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278117730.md"
description: "The Economic Theme Conference of Renmin University proposed six new emerging pillars, with an output value exceeding 10 trillion yuan by 2030. A fiscal arrangement of 100 billion yuan will promote domestic demand. In February, the U.S. non-farm payroll unexpectedly decreased by 92,000, and the unemployment rate rose to 4.4%. WTI crude oil's increase expanded to 8% due to Kuwait's production cuts. Qatar warned that if the war continues, Gulf countries will halt production, and oil prices could soar to $150. The IMF predicts that a 10% increase in oil prices will raise the global inflation rate by 40 basis points. U.S. stock index futures have widened their decline, and spot gold has seen a short-term drop"
datetime: "2026-03-06T14:12:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278117730.md)
  - [en](https://longbridge.com/en/news/278117730.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278117730.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278117730.md) | [繁體中文](https://longbridge.com/zh-HK/news/278117730.md)


# Global news you need to know before the U.S. stock market opens on Friday

Renmin University Economic Theme Conference: Six new emerging pillars are expected to increase in value to over 10 trillion yuan by 2030, with hundred billion-level fiscal arrangements to promote domestic demand and improve the construction of a stable market mechanism. Wu Qing: Improve the construction of a market stability mechanism with Chinese characteristics, optimize the refinancing mechanism, and launch shelf issuance. Pan Gongsheng: Will guide and regulate interest rate levels, has no intention to gain trade competitive advantages through currency depreciation, and will suppress "involution" competition. Surprise! The U.S. non-farm payrolls decreased by 92,000 in February, with the previous two months' employment revised down by 69,000, and the unemployment rate unexpectedly rose to 4.4%. WTI crude oil's increase expanded to 8%, reports: Due to depleted storage space, Kuwait has reduced some oil production. Qatar: If the war continues for several weeks, Gulf countries will be forced to halt production, and oil prices may soar to $150 in the next three weeks. According to Xinhua News Agency, Iran stated it will use a new generation of missiles to strike U.S. and Israeli targets. Joint Maritime Information Center: Shipping in the Strait of Hormuz has almost completely stalled. Reversal! Reports: The Trump administration has shelved the Treasury Department's plan to "manipulate" crude oil futures. Reports: Japan is considering releasing national oil reserves, while the EU believes there is currently no need to release strategic oil reserves. International Energy Agency Director: The market has sufficient oil, and there are currently no plans to use emergency reserves. IMF: If oil prices rise by 10% and persist for a year, the global inflation rate will increase by 40 basis points. According to Bloomberg, Dubai's gold inventory is severely backlogged and is currently being sold at a discount. Qatar warns Gulf countries to halt production, U.S. stock index futures decline further, crude oil surges, and spot gold drops sharply. Nikkei 225 index closed up 0.6%, Shanghai Composite Index closed up 0.38%, Hang Seng Index closed up 1.72%

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