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

By: Miguel A. Rodriguez

10:48, 16 July 2021

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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.

 

Europe

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%.

Sources: investing.com, reuters.com

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Most affected instruments

DollarIndex

$ 10

USA500

$ 10

HongKong50

$ 10

France40

$ 10

Germany 40

$ 10

EUR/USD

$ 10

USD/JPY

$ 10

GOLD

$ 10

OIL

$ 10

USA30

$ 10

TECH100

$ 10

BrentOil

$ 10

Australia200

$ 10

JAPAN225

$ 10