Last Friday (May 3rd), due to a slowdown in US employment growth in April that exceeded expectations and a cooling year-on-year salary increase, the market increased its bets on the Federal Reserve's two interest rate cuts this year. The US dollar index briefly fell below the 105 mark, but then recovered most of its losses, ultimately closing 0.32% lower at 105.05. The 10-year US Treasury yield has fallen slightly, closing at 4.518%. The yield on the 2-year US Treasury, which is most sensitive to the Federal Reserve's policy interest rates, ultimately closed at 4.829%.

Spot gold has slightly weakened, currently trading around $2298.76 per ounce. Despite weaker than expected US employment data, gold fell to a one month low last Friday, continuing the correction trend that followed last month's surge as investors took profits and geopolitical risks eased.

Although OPEC+may continue to reduce production, uncertain demand and easing tensions in the Middle East have reduced supply risks, with crude oil hitting its largest weekly decline in three months. WTI crude oil continued its downward trend last Friday (May 3), falling more than 1% during the day and ultimately closing down 1.32% at $77.76 per barrel; Brent crude oil closed down 1.10% at $82.67 per barrel last Friday (May 3).