The upcoming jobs report sets the markets in motion – Thursday Review, August 5

By: Miguel A. Rodriguez

11:45, 06 August 2021

New record highs for the US markets amid promising economic events

The US

Wall Street reached records, as optimism on the progress of the infrastructure bill and expectations for a strong monthly jobs report due Friday boosted investor sentiment. USA30 gained 0.80%, while USA500 added 0.6% closing at 4,429.10 points record. TECH100 also reached a record after it went up 0.8% - 14,895.12.

Crude oil rose 1.28% to $69.02 a barrel.

Gold was down 0.40% to $1,807.25 per ounce.

The Dollar Index lost 0.05% to 92.227.

 

Asia and Australia

Stocks in the region traded mainly higher as investors continued to digest mixed economic data and caution-tinged comments from the US Federal Reserve regarding the schedule for asset tampering and interest rate hikes.

Japan225 was up 0.31%.

HongKong45 inched up 0.10%.

Down under, Australia200 added 0.23% after trade data showed exports rose 4% month-on-month in June.

 

Europe

Germany30 gained 0.1%, and France40 increased 0.3%. UK100 slipped 0.1% after the country’s central bank outlined plans to wean the British economy off COVID-19-related stimulus measures.

Brent oil rose 1.19% to trade at $71.22 per barrel.

EUR/USD was up 0.05% to 1.1841.

 

Sources: investing.com, reuters.com

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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.