Market Overview - The uncertainty surrounding US tariff policies has put pressure on global risk assets, leading to a decline in major stock indices in the US, with the S&P 500 down 2.61% for the week [1] - The US dollar index fell significantly by 1.84%, ending a four-week streak of gains, while non-US currencies strengthened [2] - Gold prices surged approximately 4.83% to $3358.03 per ounce due to increased risk aversion stemming from geopolitical tensions and trade uncertainties [2] Stock Market Performance - Major US stock indices experienced collective declines, with the Nasdaq down 2.47% and the Russell 2000 index down 3.47% for the week [1][4] - The technology sector faced significant pressure, with notable declines in stocks such as Apple, which fell 7.57% due to tariff policy uncertainties [1] - European stock indices mostly declined, with the STOXX 600 index down 0.75% and the DAX index down approximately 0.58% [1][4] Commodity Market Insights - The shipping market is witnessing a rapid recovery, with the Shanghai Export Container Freight Index rising 7.2% to 1586.12 points, driven by increased demand for shipping [3] - Oil prices saw slight declines, with WTI crude oil down 0.34% to $61.76 per barrel, amid concerns over oversupply due to OPEC+ production increases [2][4] Currency Movements - The British pound and euro both appreciated against the US dollar, with the pound rising 1.96% and the euro increasing by 1.79% for the week [2][4] - The Japanese yen also strengthened, marking a 2.11% increase against the dollar [2][4] Upcoming Events - The upcoming release of the Federal Reserve's May meeting minutes and the April PCE inflation data will be critical for investors assessing US inflation and future interest rate paths [4] - Nvidia is set to release its Q1 fiscal 2026 earnings report, with analysts expecting a revenue increase of 66% year-over-year to $43.3 billion [5][6]