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%