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

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Miguel A. Rodriguez
Miguel A. Rodriguez
06 agosto 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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Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel ha lavorato per importanti istituzioni finanziarie, come Banco Santander e Banco Central-Hispano. È autore di libri sul trading di valuta con diverse pubblicazioni alle spalle.