Asian stocks declined ahead of key US jobs data, with markets showing risk-off sentiment as investors await economic indicators that could influence interest rate policies. US and European markets fell, and tech stocks, especially AI-related firms, faced pressure amid a broader rotation out of technology shares. The upcoming US jobs report and other economic data are expected to significantly impact market directions in the near term.
Gold prices dropped over 1% as the dollar reached three-month highs, with traders awaiting US jobs data and considering the likelihood of no further Fed rate cuts this year, amid easing US-China trade tensions and a strong dollar impacting bullion demand.
The US dollar is expected to be tested this week as key employment data (JOLTS, claims, payroll) will influence Fed rate cut expectations, with a mildly softer dollar anticipated. Meanwhile, Spain's upgraded credit rating and eurozone CPI data could support the euro, while UK political developments and regional inflation figures in Central and Eastern Europe will also impact currency movements.
The US created nearly one million fewer jobs in the past year than previously reported, with significant declines in the tech sector attributed to AI-driven automation, indicating a weaker economic momentum and reshaping of the job market.
US stock markets wavered after a significant downward revision to US jobs data, indicating increased labor market weakness, which influences expectations for upcoming Federal Reserve interest rate cuts. The Dow slightly rose, while the S&P 500 and Nasdaq declined, amid ongoing debates about the size of potential rate cuts and upcoming inflation reports. Meanwhile, oil prices rose due to Middle East tensions, and major tech and pharma companies announced significant deals and earnings.
A global stock rally was driven by signs of a cooling US labor market, fueling expectations of a Federal Reserve rate cut, amid ongoing trade negotiations and mixed economic data, including weak US job growth and rising unemployment, while markets await key employment reports and central bank decisions.
Asian equities slowed amid a Chinese stock selloff and US job data fueling expectations of Fed rate cuts, while bond markets and commodities experienced notable movements, reflecting global economic concerns and policy responses.
The US dollar reached a 5-week low ahead of upcoming US labor market data, with investors cautious about potential impacts on Federal Reserve rate cut expectations amid mixed economic signals and political risks, while other currencies like the euro and yuan showed resilience.
Global stocks rose as investors increased bets on a Federal Reserve rate cut following weak US jobs data, with tech stocks surging and oil prices falling due to increased OPEC+ output and economic concerns.
The crypto market has sharply declined due to weak US employment data, renewed trade tensions, profit-taking, and forced liquidations, causing Bitcoin and major altcoins to fall significantly and the market cap to drop to $3.6 trillion.
Treasuries surged and yields dropped significantly after softer US jobs data increased expectations of Federal Reserve rate cuts, with traders now fully pricing in two reductions this year, leading to a market rally and a shift in monetary policy outlook.
Asian shares are on track for their worst week since April due to US imposing new tariffs on trading partners, causing global market declines and increased uncertainty. Investors are awaiting US jobs data, which could influence the Federal Reserve's decision on interest rate cuts. The dollar has strengthened, and markets are volatile amid concerns over trade tensions and economic growth.
Global stocks declined from record highs as investors prepared for key upcoming economic events, including US jobs data, Fed and BOJ meetings, and tariff deadlines, leading to a cautious market sentiment and a drop in the dollar for the first time in four weeks.
Asian equities traded narrowly as US-China talks showed little progress, with investors awaiting US jobs data that could influence Federal Reserve rate decisions. Tesla shares plummeted amid political tensions between Elon Musk and Trump, while commodities like silver and platinum reached multi-year highs, reflecting growing investor interest in precious metals.
Gold prices rose slightly after a previous decline, supported by Asian bargain-hunters amid renewed trade war concerns following US tariffs increases and geopolitical tensions, with central banks continuing their gold purchases; upcoming US employment data may influence future monetary policy.
