On Thursday (May 9th), the higher than expected increase in initial jobless claims in the United States last week strengthened market bets that the Federal Reserve will cut interest rates later this year. The US dollar index took back all its gains during the day and turned lower, ultimately closing down 0.27% at 105.23. The 10-year US Treasury yield fell below the 4.5% mark and closed at 4.460%. The yield on the 2-year US Treasury, which is most sensitive to the Federal Reserve's policy interest rates, ultimately closed at 4.826%.

Gold prices rose 1% on Thursday (May 9th) to close at $2345.87 per ounce, after the latest data released by the US Department of Labor showed that the growth in initial jobless claims in the US last week exceeded expectations, thereby strengthening market bets that the Federal Reserve will cut interest rates later this year. In addition, Israel's crackdown on the eastern part of Rafah has resulted in ineffective ceasefire negotiations and provided only refuge support.

Due to data showing that demand from China and the United States, the world's two largest crude oil consuming countries, may rise, with oil prices reaching nearly a week high. WTI crude oil showed a roller coaster trend during trading on Thursday (May 9th), but recovered most of the lost ground in the US market, ultimately closing up 0.35% at $79.16 per barrel; Brent crude oil closed up 0.46% on Thursday (May 9th) at $83.90 per barrel.