The data showed that inflation rebounded sluggishly at the beginning of the year, making the market worried that economic growth would remain weak in the short term, and US Treasury yields continued to decline. The S & P 500 halted its rally after rising for six days, falling back for the second day in a row, and the Nasdaq also fell to a high.

The focus of retail investors in US stocks shifted to the marijuana sector, and marijuana stocks rose. The fall in Bitcoin dragged down blockchain stocks.

Although cartoons insulting women caused netizens and some brands to "block", the share price of Bilibili Inc. (Bilibili Inc.) rose rapidly in intraday trading and hit a new high on the second day of the week.

The dollar index continued to decline and expectations of a better economic recovery supported higher across the board of industrial metals such as copper, with platinum also benefiting. As a result, mining stocks rose against the market as the pan-European stock index fell for days. The performance of precious metal gold and silver varied, with gold continuing to rise and silver still falling. Crude oil continues to hover at its highest level for more than a year.

Important news overnight

Us CPI rose 1.4 per cent in January from a year earlier, and the market is expected to grow 1.5 per cent. CPI rose 0.3 per cent month-on-month in January, unchanged from expectations and the biggest increase since July last year, but CPI growth in January was mainly due to higher energy prices, with energy costs rising 3.5 per cent in the month, including a 7.4 per cent rise in gasoline. CPI, which excludes energy and food, grew zero in January from a year earlier, up 1.4 per cent from a year earlier, and the market is expected to grow by 1.5 per cent.

The commentary said that the core CPI has not grown for two months in a row, highlighting the continued containment of the rebound in inflation by the epidemic. Investors are still worried about rising inflationary pressures in the coming months as Congress passes a new round of economic stimulus and more people are vaccinated, which will stimulate consumer spending.

Federal Reserve Chairman Powell said the Fed is committed to doing everything it can to boost employment and will continue to implement QE until substantial further progress in the US economy is seen. He believes that the employment situation in the United States is still "a long way from where the recovery needs to be achieved." Solving the multiple problems of the labour market requires patient monetary easing and lessons learned from the past.

According to the Energy Information Administration (EIA) of the US Department of Energy, US EIA crude oil inventories fell by 6.645 million barrels last week compared with the week before last week, the third consecutive week of decline. The total inventory reached the lowest level since March last year, and the weekly decline was 8.3 times the 800000 barrels expected by the market.

The media quoted the draft document as saying that the German government plans to announce that the epidemic prevention blockade measures will be extended to March 14, but some restrictions will be phased out in the coming weeks.

Iraq's oil minister said it was impossible to change policy at the OPEC+ meeting in March and that countries with reduced production under the OPEC+ agreement might agree to keep current oil production levels unchanged in April. The biggest change will be Saudi Arabia, which is likely to continue to voluntarily cut production by an additional 1 million barrels a day after March.

Ned Segal, Twitter's chief financial officer, said that if employees and suppliers asked to be paid in bitcoin, they might consider investing in bitcoin. General Motors Co CEO Mary Barra later said the company had no plans to invest in bitcoin.

Tesla, Inc. CEO Musk continues to "bring goods" encrypted currency dog coins. He tweeted on Wednesday that he had bought some dog coins for his youngest son, nicknamed "Little X", who was born in May last year, so that he could become a "toddler over 1 year old".

Retail investors in US stocks began to switch to the US stock marijuana sector, bullish on the prospect of legalizing marijuana after the Democratic Party came to power. In the WallStreetBets (WSB) sub-forum, the retail stronghold of the US version of Tiger Reddit, a user posted that the marijuana stocks Tilray and Aphria had more room to rise, and the article received about 10, 000 likes in 12 hours. Others posted that marijuana stocks would make me a millionaire in 2021, which garnered more than 100000 likes.

The US plan to ask TikTok to sell its US assets has been "shelved indefinitely" and Mr Biden is conducting an extensive assessment of his predecessor's efforts to deal with potential security risks from Chinese technology companies, the website said, citing US media sources.

Baidu, Inc. is in talks with two venture capital companies, GGV and IDG Capital, to seek financing from them to set up an independent company that produces artificial intelligence chips, with a majority stake in the company, according to the media.

On Wednesday, some brands, such as UKISS Youkos and Visitor glasses, announced that they would end their cooperation with Bilibili Inc. (Bilibili Inc.), making it clear that they opposed and resisted acts and remarks that insulted women. This shows that Bilibili Inc. 's Japanese anime drama "reincarnation without a job" triggered a further fermentation of negative public opinion. The animation was accused of insulting and discriminating against women, and was named Up, the main Up of Bilibili Inc. 's top 100 Up in 2020. The main LexBurner made inappropriate remarks to commentators who were dissatisfied with the animation on live broadcast. Although Bilibili Inc. temporarily took off the "reincarnation without work" and banned her Lex account and studio, Bilibili Inc. 's recent and previous existence of suspected soft pornography and insulting female content has aroused the resentment of a large number of netizens.

Bilibili Inc. said in a statement on Wednesday that he would not disrespect any users and would launch a month-long special campaign to rectify the network environment during the Spring Festival in response to the unified deployment of the State Internet Information Office.

The S & P index fell, the Dow hit a new high, blockchain stocks fell sharply, hemp stocks soared, station B rose to a new high twice this week, and Baidu, Inc. reached a new high again.

Overall, the three major US stock indexes opened higher and lower, and fell collectively in intraday trading. The S & P 500 index rose more than 0.5% when it was at its peak in early trading and fell more than 0.6% at its low after falling in early trading. The Dow Jones Industrial average rose more than 130 points, or more than 0.4%, when it was high in early trading, and fell more than 150 points, or nearly 0.5%, at its low in early trading, and rose at midday. At one point, the Nasdaq composite index rose more than 0.7% in early trading and fell more than 1.1% when it broke its session low.

The S & P and Nasdaq rose at midday and fell again in late trading. In the end, the three major stock indexes closed mixed, with the Dow closing up 61.79 points, or 0.2%, at 31437.80, hitting a new closing high after Monday. S & p closed 0.03% lower at 3909.88, further off its record high set on Monday and closing at a new high for the third day in a row. The Nasdaq closed down 0.25% at 13972.53 points, rising for four consecutive days and hitting a new high for four consecutive days as of Tuesday.

Small-cap stocks that had outperformed the market in the previous few days performed even worse on Wednesday, with the value-based small-cap stock index Russell 2000 closing down 0.72%, rising for seven consecutive days and closing at a record high for four consecutive days as of Tuesday. The technology-heavy Nasdaq 100 index closed down 0.23% for two days in a row.

Of the 11 major sectors of the S & P 500, six closed down and five closed higher on Wednesday. The consumer discretionary goods with the largest decline fell by more than 0.9%, other sectors such as information technology and industry fell by no more than 0.2%, and the financial sector with the lowest decline closed down less than 0.1%. Among the rising sectors, energy led the way with a rise of more than 1.8%, with other sectors rising no more than 0.7%, followed by medical and health care, which rose less than 0.2%.

Half of FAANMG's six largest technology stocks fell, Amazon.Com Inc nearly 0.6%, Apple Inc nearly 0.5%, Microsoft Corp nearly 0.4%, while Facebook Inc rose 0.9%, Nai soared more than 0.8%, and Alphabet Inc-CL C's parent company Alphabet rose more than 0.5%.

Tesla, Inc., who announced on Monday that he had bought Bitcoin for $1.5 billion, fell more than 5 per cent. Business intelligence software giant MicroStrategy (MSTR), which owns Bitcoin and accounts for 30% of the company's market capitalization, fell more than 23%.

Most of the other block chain concept stocks fell, Longfin (LFIN) fell by more than 14%, BTBT bit Patent (BTBT) fell by more than 10%, Marathon Patent (MARA) fell by more than 9%, RIOT) fell by more than 8%, and OSTK fell by more than 2%. Among the Chinese stocks in the blockchain, Xunlei Ltd (XNET) fell more than 4 per cent, but ZW Data Action Technologies In (CNET) rose 7 per cent and Canaan Inc (CAN) and The9 Ltd (NCTY) rose more than 6 per cent.

Among the marijuana stocks sold by retail investors, Sundial Growers (SNDL) rose nearly 78.8%, closing above the $2.00 mark for the first time since January 30 last year, Tilray (TLRY) rose nearly 51%, and closed above $60 for the first time since April 8, 2019. OrganiGram (OGI) rose more than 37%, OrganiGram (OGI) rose more than 37%, and Canopy Growth (CGC) rose nearly 11% to close at a record high, while Canopy Growth (CGC) rose more than 6%.

GME, which rose nearly 24.8 per cent in January as retail investors huddled into the air, eventually gave up most of the gains, closing up nearly 1.7 per cent and ending up more than 5 per cent for NAKD, up more than 33 per cent for BBBY (BBBY), down more than 5 per cent for KOSS and more than 2 per cent for BB.

Among other volatile stocks, Twitter rose more than 13%. After Tuesday's trading, Twitter reported higher-than-expected fourth-quarter earnings and revenue. Lyft rose nearly 4.8 per cent. After Tuesday's trading, Lyft reported higher-than-expected fourth-quarter revenue and lower-than-expected losses, and the company's CEO said it was expected to turn a loss into a profit within this year. Uber, which closed up more than 6 per cent, was down more than 3 per cent at one point. After-hours Uber reported a lower-than-expected loss per share in the fourth quarter, but revenue fell below market expectations, down 50% from a year earlier, and total orders were also lower than expected.

Among other popular Chinese stocks, Bilibili Inc. fell more than 4.5% at the beginning of the session, rose all the way up in early trading, rose more than 12% at one point in midday, closed up 11.6%, and hit a new closing high after Monday. Baidu, Inc., who rose more than 6 per cent on Tuesday, closed up more than 3 per cent, hitting a new closing high, while NetEase, Inc, who also rose more than 6 per cent on Tuesday, fell about 1 per cent, off the record high.

The pan-European stock index hit an one-week low in a row, but mining stocks rose by more than 2%. Adyen rose nearly 9%, while biopharmaceutical stocks Galapagos fell nearly 19%.

Despite the positive news from corporate earnings, the pan-European stock index fell for the second day in a row, dragged down by record highs for US stocks. Europe's Stoxx 600 index closed 0.23% lower at 409.47, its lowest close since Wednesday, Feb. 3.

Among stocks, Galapagos, a Dutch-listed biopharmaceutical company, closed down 18.7%, leading the Stoxx 600th lower. Galapagos announced the termination of phase III clinical trials of lung disease drugs in cooperation with Gilead Sciences Inc of the United States. European payment service Adyen rose more than 8.6% to an all-time high, with the best performance among the Stoxx 600 stocks. Adyen reported better-than-expected full-year profit for 2020, up 27% from 2019. Societe Generale, which had better-than-expected results in the fourth quarter, rose more than 2.8%, becoming the upside driver of the banking sector.

Only five of the Stoxx 600 stocks closed higher on Wednesday, with the underlying resources of mining stocks up about 2 per cent, reflecting the strong push of industrial metals such as copper, far ahead of banks, which rose more than 0.8 per cent, and insurance rose more than 0.6 per cent. industrial goods and services and telecommunications rose less than 0.2 per cent. Among the declining sectors, personal and household goods fell by more than 1 per cent, technology fell by nearly 1 per cent, chemicals and cars and parts fell by about 0.9 per cent, utilities with the lowest decline closed down less than 0.2 per cent, and oil and gas and real estate fell by about 0.2 per cent.

Stock indexes of major European countries fell for the first time this month, with German, Italian and Western stocks falling for two days in a row, while French and British stocks rose for four days and two days respectively. Germany's DAX 30 index closed down 0.56%, France's CAC 40 index closed down 0.36%, Britain's FTSE 100 index closed down 0.11%, Italy's FTSE MIB index closed down 0.15%, and Spain's IBEX 35 index closed down 0.44%.

The dollar index hit a two-week low, Bitcoin fell off the record high, fell more than $4000 at one point, Taifang hit a new high but fell in intraday trading, and the dog coin rebounded by more than 10%.

The ICE dollar index (DXY), which tracks a basket of six major currencies, was close to 90.25 in European stocks, the lowest since January 27 and down about 0.2 per cent on the day.

By Tuesday's close, the dollar index was around 90.43, roughly unchanged on Tuesday, after falling for four consecutive days, while the Bloomberg spot index fell 0.1%, its lowest level since Jan. 27.

The offshore renminbi (CNH) gave up some of Tuesday's gains on Wednesday. At 05:59 Beijing time on the 11th, the offshore RMB was trading at 6.4290 yuan against the dollar, down 86 points from late trading in New York on Tuesday. It traded in a range of 6.4128-6.4334 yuan, and rose more than 200 points on Tuesday.

After Tesla, Inc. announced a $1.5 billion investment in BTC, the two-day record for Bitcoin fell back on Wednesday. At one point in early trading, US stocks fell below $43800 to a new session low, down more than $4000 from their all-time high above $48200 on Tuesday, and closed at between $44600 and $44700.

ETH, the second-largest cryptocurrency by market capitalization after bitcoin, hit an all-time high of nearly $1840 before trading in Europe on Wednesday, but has continued to decline since then, with u.s. stocks falling below $1680 in early trading, down nearly 8.7% from intraday highs, and closing below $1730.

The DOGE, which followed BTC and ETH to record highs on Monday, fell more than 10 per cent on Tuesday and widened to more than 10 per cent on the day after a tweet in Musk on Wednesday, with US stocks closing below $0.073.

Mainstream cryptocurrencies varied on Wednesday, with BTC down nearly 5.2 per cent in the last 24 hours, BCH down nearly 4.1 per cent, XRP up more than 2.7 per cent and LTC up more than 0.2 per cent, according to CoinMarketCap.

Gold rose four times in a row and hit an one-week high, platinum hit a six-year high, and silver fell twice.

New York gold futures closed higher for the fourth day in a row, while COMEX April gold futures closed up 0.3% at $1842.70 an ounce on Wednesday, the second consecutive high since Feb. 1.

New York silver futures fell for the second day in a row, and COMEX March silver futures closed down $0.324, or 1.18%, at $27.078 an ounce.

Platinum, the catalyst for car exhaust, continued to hit record highs. NYMEX April platinum futures closed 4.4% higher at $1246.90 an ounce, the highest close since February 2015. Spot platinum rose above $1200 in midday trading on Wednesday, a six-year high.

In addition to the recent weakness of the dollar, optimism about the outlook for industrial and car demand and stricter vehicle emissions regulations in major markets are also upward drivers of platinum, according to analysts.

Other analysts pointed out that South African miners face the threat of power shortages and may have supply problems, so platinum is at risk of further upward movement in the future.

Lun Copper fourth Lianyang measured 8300 US dollars to reach an eight-year high, Lun-Al-Lun-tin set a new high of more than two years and six years.

London base metal futures rose for the second day in a row on Wednesday. Lun copper rose for four days in a row, reaching an eight-year high. Lun aluminum rose for seven days in a row, setting a new high for more than two years. Lun lead rose for six days in a row, hitting an one-month high. Lunni rose for five days in a row, hitting a new high in nearly a year and a half. Lun Zinc and Lun Xi rose for two days in a row, Lun Zinc reached a three-week high, and Lun Xi hit a new high in more than six years.

Copper for LME delivery rose above $8300, the highest level since February 2013, and closed up $152at $8300 a tonne, also an eight-year high. Copper for delivery in New York also hit an eight-year high, with Comex copper for March delivery up 1.4% at $3.7725 a pound.

Aluminum for LME delivery rose $25 to $2079 a tonne, the highest level since Oct. 5, 2018. Zinc for LME delivery closed up $30 at $2725 a tonne, the highest level since Jan. 20. LME lead closed up $17 at $2096 a tonne, the highest level since Jan. 5.

Nickel for LME delivery rose $296 to $18666 a tonne, setting a new high since September 2019 on January 21. Tin for LME delivery closed up $130 at $23325 a tonne, breaking the more than seven-year high set on Friday for the second consecutive day and rising above $23000 last Monday for the first time since June 2014.

Commentators said that the dominant belief in the market this week was that a massive US fiscal stimulus would push up inflation, which was good for commodities such as copper that could be used to hedge against inflation. In addition, the continuous decline of the dollar has also pushed industrial metals higher.

Crude oil hit a 13-month high, while Buyou Nine Lianyang rose the longest in two years.

Us EIA crude oil inventories fell more than expected last week, highlighting the decline in global supply, as international crude oil futures continued to rise, hitting a new high in more than a year and the longest straight rise since December 2018.

WTI March crude oil futures closed up 32 cents, or 0.55 percent, at $58.68 a barrel for the eighth day in a row, the highest close for major contracts since January 10, 2020, the highest since January 17, Tuesday, and the highest close for two consecutive days since the 21st of the same month on Monday, and the highest close since the 23rd of the same month for two consecutive days on Thursday.

Brent April crude oil futures rose 0.38 U.S. dollars, or 0.62 percent, to 61.47 U.S. dollars per barrel, the ninth day in a row, setting a three-day high for major contracts since January 23, 2020, and a new high since the 29th of the same month on Friday. It closed last Thursday at the highest level since February 20, 2020, and reached the highest level since February 21 for the second day in a row on Wednesday. On Monday, cloth oil rose above $60 for the first time in 13 months.

Anglo-German bonds fell and Italian bonds rose, with 10-year US bond yields further off 11-month highs.

Anglo-German bond prices fell on Wednesday, British bonds fell, German bonds resumed their decline, but Italian bonds rose. The yield on UK benchmark 10-year government bonds rose 2 basis points to 0.48 per cent in the day, while the yield on German bunds rose 1 basis point to minus 0.44 per cent over the same period. The yield on 10-year Italian government bonds was just below 0.50 per cent, down more than 1 basis point on the day.

Treasury prices continued to rebound and yields fell further. The yield on the benchmark 10-year treasury bond closed at about 1.13%, down 2 basis points on the day, further away from the 11-month high set by rising above 1.2% on Monday.

Medium-and long-term bond prices of all maturities led gains on Wednesday, with poor US CPI data, sound 10-year bond auctions and dove talk by Powell. By late trading in New York on Wednesday, yields on 30-year and 10-year Treasuries had fallen more than 4 basis points and 3 basis points respectively in a day, compared with a two-year drop of less than 1 basis point.