Investors’ attention is focused on nonfarm payrolls data
Oil prices jumped sharply yesterday. The pressure on prices triggers a sharp decrease in US inventories, the data on which was released on Wednesday. Despite an increase in production by OPEC+ countries, market supply is still far below demand. Optimism about economic recovery and the weakening of the US dollar also contributed to the growth of quotes.
The situation with gold has not changed much in recent days. Fundamentally, quotes will rise as long as the Federal Reserve maintains a soft monetary policy. But traders have to be careful, as good labor market data can make the dollar index and government bond yields rise, which in turn will make gold prices fall.
Japanese stocks jumped on Friday after officials had said Prime Minister Yoshihide Suga would resign. Japan’s TOPIX stock index jumped to a 30-year high, while the Nikkei added 1.87%.
S&P 500 (F) 4,536.95 +12.86 (+0.28%)
Dow Jones 35,443.82 +131.29 (+0.37%)
DAX 15,840.59 +16.30 (+0.10%)
FTSE 100 7,163.90 +14.06 (+0.20%)
USD Index 92.23 −0.22 (−0.23%)
News feed for: 2023.07.04
- Australia Retail Sales (m/m) at 04:30 (GMT+3);
- UK Composite PMI (m/m) at 11:30 (GMT+3);
- UK Services PMI (m/m) at 11:30 (GMT+3);
- US Nonfarm Payrolls (m/m) at 15:30 (GMT+3).
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
