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

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

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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