International oil prices fell to pre-Russian-Ukrainian levels

Last week, under the influence of bullish and bearish factors such as the possible slowdown in the pace of Fed interest rate hikes and the heating up of recession worries, the three major stock indexes in the US New York stock market continued to fluctuate, with a cumulative rise and fall throughout the
week.
Among them, the S&P 500 index rose 0.
36% throughout the week, the Nasdaq rose 2.
15% throughout the week, and the Dow fell 0.
13%
throughout the week due to the cooling of US manufacturing activities.
From the perspective of sectors, the information technology sector rose nearly 2% last week, leading the market, while the energy sector fell by 6.
8%
throughout the week.

Last week, all three major European stock markets rose cumulatively

Europe's three major stock markets all rose cumulatively last week, with the UK up 0.
22%, the French stock market up 0.
37% and the German stock market up 0.
67%.

The Bank of England raised interest rates by 50 basis points last week, and the ECB is widely expected to raise rates
again in September.
Boosted by expectations of rate hikes, the banking sector led European stocks
by a cumulative 3% rise last week.

Last week, international oil prices fell sharply, and US oil fell by more than 9%

In the crude oil market, despite the continued tight spot supply of crude oil, the market's concerns about stagflation and global recession in advanced economies continue to rise, and investors continue to reduce their positions in advance to deal with the possible sharp decline in demand, resulting in the largest weekly decline
in international oil prices since April 1 this week.
Among them, New York oil prices fell by 9.
74%, and Brent oil prices fell by 8.
70%.

At this point, international oil prices have fallen to the level
of early February this year, that is, before the outbreak of the Russian-Ukrainian conflict.

U.
S.
July Non-Farm Payrolls Data Unexpectedly Strong Markets are focusing on U.
S.
July CPI data this week

In terms of economic data, the US new non-farm payrolls in July released last Friday reached 528,000, far higher than market expectations, which means that the US economy can still withstand the Fed's aggressive interest rate hikes, and the market currently expects the probability of the Fed raising interest rates by 75 basis points in September is much higher than the probability of a 50 basis point
hike.
Whether the Fed will maintain its aggressive interest rate hike path will likely depend on the US consumer price index for July, or CPI
, released on Wednesday.
A survey launched by Bloomberg shows that the year-on-year increase in the CPI in the United States in July may return to the "super 8" range from the "breaking 9" in June, but the year-on-year growth rate of the core CPI may maintain an upward trend
.
In addition, the U.
S.
Energy Information Administration, OPEC and the International Energy Agency will release monthly crude oil market reports this week, and their outlook for global crude oil demand is worth investors' close attention
.