- Sentiment in European markets allowed major benchmarks to end the week in slightly better moods. Frankfurt's DAX gained nearly 0.35% intraday, the Euro Stoxx 50 added 0.36% and Polish WIG20 gained more than 1.92%.
- Chinese indices posted sizable declines today, despite an attempt to revive sentiment. Futures for Chinese benchmarks are down around 1.8%. Also under pressure from the dollar and a weaker China was BRAComp, which lost 1.1%
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Open account Try demo Download mobile app Download mobile app- Wall Street replicated the sentiment seen on the Old Continent with the exception of the Russell 2000 index, which is currently losing 1.01% intraday.
- The macro calendar focused today on data from the US labor market. Much higher-than-expected NFP data caused a spike in volatility in global markets:
- Employment change at 353k. 187k was expected, previously 333k (revised from 216k).
- Unemployment rate remains at 3.7% y/y on expectations of a 3.8% increase
- Wages rise 0.6% m/m with expectations of a decline to 0.3% m/m and with the previous level of 0.4% m/m
- On an annual basis, wages are growing by 4.5% y/y with expectations of 4.1% y/y and with the previous level of 4.3% y/y
- In the foreign exchange market, the US dollar is taking the lead today. Representing it, the USDIDX index is trading up nearly 1% today. On the other hand, the Japanese yen and the New Zealand dollar are trading under heavy downward pressure. The EURUSD pair is trading below the 1.079 barrier and going down to the area of yesterday's low.
- Meta Platforms shares are trading at a record session, gaining 23% thanks to higher-than-expected earnings and forecasts. Profits of Big Oil companies surprised investors positively; Chevron shares gain nearly 2.5%, Exxon records less than 0.5% gain
- Apple shares managed to erase most of the decline, after opening 4% lower. The stock is currently losing less than 1%. The market is optimistic about the debut of the Apple Vision Pro, which signals progress toward an additional revenue stream, with expansion into virtual reality (VR and AR)
- Jeff Bezos plans to sell as many as 50 million shares of Amazon.com over the next 12 months - per Bloomberg
- In the commodities market, we are seeing sizable declines in crude oil prices (WTI loses nearly 2%), gains in natural gas prices (NATGAS gains 1.47%) and nearly 0.8% declines in gold prices. Precious metals are trading under pressure.
- The mood of the cryptocurrency market is mixed, with Bitcoin holding near $43,000
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