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Most markets took advantage of the positive global sentiment - Wednesday Review, August 4

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Miguel A. Rodriguez
Miguel A. Rodriguez
05 August 2021
Weaker-than-expected jobs data that came ahead of the NFP report weighted on stocks

The US

Wall Street closed in a mixed manner, with investors spooked by the signs of weakness in the labor market, at a time when the Federal Reserve continues to signal that easy monetary policy will soon come to an end. USA30 slipped 0.9%, while USA500 fell 0.5%. TECH100 gained 0.1%.

Crude oil traded 0.2% higher at $70.73 a barrel.

Gold rose 0.2% to $1,818.30 per ounce.

 

Asia and Australia

Markets were mainly up, as investors focused on the latest economic data from China.

HongKong45 jumped 1.22%.

Japan225 edged down 0.15%.

Down under, Australia200 was up 0.23%.

 

Europe

The stock market traded broadly higher, driven by positive global sentiment. Germany30 traded 0.4% higher, and France40 rose 0.3%. UK100 climbed 0.2%, ahead of the country’s central bank handing down its monetary policy.

Brent oil rose 0.5% to $72.75 per barrel.

EUR/USD added 0.1% reaching 1.1877.

 

Sources: investing.com, reuters.com

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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.