Article Hero

The latest labor metrics did not impress the global markets - Thursday Review, July 15

Miguel A. Rodriguez
Miguel A. Rodriguez
16 July 2021
Jerome Powell’s testimony reaffirmed the Fed’s stance that the economic recovery is “still a way off” from the levels needed to start asset tampering

The US

Wall Street closed the day in a mixed fashion as a fall in weekly jobless claims data fueled investor concerns about a recent inflation spike. USA30 rose 0.15%, while USA500 declined 0.33%. TECH100 lost 0.70%.

Crude oil fell 2.19% to $71.53 a barrel.

Gold traded 0.29% higher at $1,830.25 a troy ounce.

The Dollar Index was up 0.19% at 92.578.


Asia and Australia

HongKong45 gained 0.66% after the city administration announced that it would allow vaccinated residents and workers to return from countries deemed as highly high-risk.

Japan225 traded 0.85% lower ahead of the Bank of Japan policy decision due on Friday.

Down under, Australia200 gained 0.03% on lower-than-expected labor data for June.

USD/JPY fell 0.17% to 109.81.



UK100 lost 1.1%, with data showing the number of employees on British company payrolls jumped in June the most since the COVID-19 pandemic started. Germany30 traded 1.01% lower driven by losses in the Technology, Industrials and Consumer & Cyclical sectors.

Brent oil fell 1.97%, hitting $73.29 per barrel.

EUR/USD traded at 1.1812 after losing 0.19%.


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?


Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.