Overnight US stocks | The Nasdaq recorded eight consecutive gains, Coreweave (CRWV.US) surged by 10.87%, and US oil saw its largest weekly drop in six years.

On Friday, the three major indexes showed mixed movements, with the Nasdaq recording an eighth consecutive increase. Lebanon and Israel agreed to hold their first meeting at the U.S. State Department on Tuesday to discuss the announcement of a ceasefire and determine the date when negotiations will begin. This week, all three major indexes achieved strong weekly gains: the S&P 500 index rose by 3.56%, marking its best weekly performance since November last year. The Dow Jones index rose by 3.04% this week, and the Nasdaq index rose by 4.68%. [US Stocks] At the close, the Dow Jones fell by 269.23 points, a decrease of 0.56%, closing at 47916.57 points; the Nasdaq rose by 80.48 points, an increase of 0.35%, closing at 22902.89 points; the S&P 500 index fell by 7.77 points, a decrease of 0.11%, closing at 6816.89 points. Coreweave (CRWV.US) surged by 10.87%, while Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) closed up by 1.4%. The Nasdaq Golden Dragon Index closed up by 0.3%, NIO Inc. Sponsored ADR Class A (NIO.US) closed up by 7%, and Li Auto, Inc. Sponsored ADR Class A (LI.US) rose by 5.03%. [European Stocks] The German DAX30 index rose by 34.98 points, an increase of 0.15%, closing at 23789.56 points; the UK's FTSE 100 index fell by 11.05 points, a decrease of 0.10%, closing at 10592.43 points; the French CAC40 index rose by 13.80 points, an increase of 0.17%, closing at 8259.60 points; the Euro Stoxx 50 index rose by 28.06 points, an increase of 0.48%, closing at 5924.35 points; the Spanish IBEX35 index rose by 76.00 points, an increase of 0.42%, closing at 18180.90 points; and the Italian FTSE MIB index rose by 260.51 points, an increase of 0.55%, closing at 47588.50 points. [Asian Stock Markets] The Nikkei 225 index rose by 1.84%, and the South Korea KOSPI index rose by 1.4%. [Cryptocurrency] Bitcoin rose by 1.7%, closing at $73,165.81; Ethereum rose by over 2.5%, closing at $2,253.1. [Oil] WTI crude oil fell by 1.3%, settling below $97 per barrel, with a cumulative weekly decline of about 13.4%, the largest weekly decline in six years. Brent crude oil closed down, at around $95 per barrel. [US Dollar Index] The US Dollar Index, which measures the dollar against six major currencies, fell by 0.18% on the day, closing at 98.645 in the currency market. At the close of the New York currency market, 1 euro exchanged for $1.1725, higher than the previous day's $1.1710; 1 pound exchanged for $1.3463, higher than the previous day's $1.3446. 1 dollar exchanged for 159.28 yen, higher than the previous day's 158.98 yen; 1 dollar exchanged for 0.7893 Swiss francs, lower than the previous day's 0.7904 Swiss francs; 1 dollar exchanged for 1.3830 Canadian dollars, higher than the previous day's 1.3822 Canadian dollars; 1 dollar exchanged for 9.2781 Swedish krona, lower than the previous day's 9.2799 Swedish krona. [Precious Metals] Spot gold fell by 0.33%, closing at $4,749.41, while spot silver rose by 0.67%, closing at $75.879. [Macro News] Surging oil prices push up inflation, US March CPI rises sharply. Data from the US Department of Labor on Friday showed that the March Consumer Price Index (CPI) rose by 3.3% year-on-year, significantly higher than February's 2.4%. Excluding the categories of food and energy, core inflation rose by 2.6%, slightly lower than the market's expectation of 2.7%. Energy prices in March rose by 12.5% year-on-year, a significant acceleration from February's 0.5%. Gasoline prices rose by 18.9%, and fuel oil rose by 44.2%. The report released on Friday reflected for the first time the impact of the Iran war on US inflation. The closure of the Strait of Hormuz disrupted shipping and drove up crude oil and gasoline prices last month. Economists warned that even if the Strait of Hormuz were fully reopened, energy and commodity prices that rose after the outbreak of war would not immediately return to previous levels. Companies typically respond quickly when raising prices, but are slower to lower prices. Stifel's chief economist Lindsey Piegza said, "Most of these effects are likely to be felt one to two months later." Trump: We are prepared militarily if Iran does not cooperate in negotiations. According to reports, former President Trump stated that if peace negotiations fail, US warships are preparing with the "best ammunition" to strike Iran. Trump made these remarks shortly before Vice President Pence boarded Air Force Two headed to Islamabad. There, he will meet with White House adviser Inc. and Kushner for peace talks. When asked if he thinks the negotiations will be successful, Trump said in a phone interview, "We'll know in about 24 hours. We'll know very soon." "We're rearming. We're loading ships with the best ammunition and the most advanced, best-performing weapons - even better than what we've used before, and we've already beaten them." "If we don't reach an agreement, we'll use them, and we'll use them very effectively." Trump added, "We're dealing with people we can't trust. They say to our face that they would give up all nuclear weapons and everything would be gone. Then they go out to the media and say, 'No, we want to enrich uranium.' So we'll figure it out." Trump's plan to boost chip exports may be hindered by the bureaucratic system. US President Trump's goal of significantly increasing global sales of American artificial intelligence chips may face risks from licensing approval bottlenecks, personnel losses, and a lack of policy guidance at the federal agency responsible for regulating sensitive US technology exports worth tens of billions of dollars. In the past year, an influential but relatively small agency within the Department of Commerce - the Bureau of Industry and Security (BIS) - has taken on more and more bureaucratic affairs related to Trump's economic agenda core. However, as these growing work demands put increasing pressure on the Bureau, more than 20 sources familiar with the matter revealed that the Bureau has lost dozens of experienced staff over the past year, leading to a turnover rate of nearly 20% in regulatory development and licensing approval personnel. They also said that senior officials' control over individual licenses is becoming stricter, and the lack of policy direction has diminished the agency's ability to handle work. US Food Industry Association: Short-term food inflation falls, energy costs may push prices up again. The US Food Industry Association FMI commented on the US March CPI data. The data showed that home food prices in March fell by 0.2% month-on-month, with a 1.9% increase over the past 12 months. Andy Harig, Vice President of Tax, Trade, Sustainability, and Policy Development at FMI, said, "Today's CPI data shows a decline in food inflation, which is good news for consumers." "Although the data is encouraging, recent instability in the global energy market is pushing up production costs at various stages of the food supply chain, which may exert upward pressure on grocery prices in the future. Fuel is an important input at all stages of the food system... As energy prices rise, the costs of food production and distribution will also increase. Even in this uncertain environment, consumers continue to show resilience." [Individual Stock News] CoreWeave (CRWV.US) surges as new junk bond issuance rises and investor optimism grows. Market optimism for the CoreWeave cloud infrastructure company is rising due to its transactions with several major tech companies, causing its junk bond to rise. During the syndicated sale process, the bond size was increased from the initial planned $1.25 billion. Another convertible bond issuance on the same day, with a size expanded to $3.5 billion, has not yet begun trading. This financing is the latest for the company, coming after CoreWeave announced a new agreement with Meta Platforms for supplying artificial intelligence computing products just hours before. On Friday, Anthropic agreed to lease CoreWeave's data center capacity to meet the growing demand for its AI services.