CPI strengthens expectations for tightening, long-term bond sales are dismal, US bonds and stocks plummet, and US oil is close to erasing gains since the escalation of the Israel-Palestine conflict.

The three major US stock indexes stopped their four-day winning streak, with the S&P and Nasdaq both falling more than 1% at one point. However, Walgreens' earnings report caused its stock to rise 7% against the market trend. Chip stocks continued their three-day rally. Buckin, which had a disappointing debut, fell more than 6% the next day. Chinese concept stocks fell more than 3%, with JD.com down more than 8%, NIO down 6%, and Baidu down more than 4%. The pan-European stock index rose for the third consecutive day to a three-week high, with Novo Nordisk reaching a historic high with a gain of more than 4%. The yield on the 10-year US Treasury bond hit a two-week low during trading, but later rebounded by more than 20 basis points. After the release of the CPI data, the US dollar index, which had been hitting a two-week low for several days, turned higher. The offshore renminbi fell more than 200 points and breached the 7.31 level. Crude oil fell for the third consecutive day, approaching a four-week low, while Brent crude initially rose more than 2% before turning lower. European natural gas experienced a strong rebound, with a one-day gain of more than 10% for the third time this week. Gold ended its four-day rally and fell from a two-week high. Updates in progress.