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US job growth in July slowed more than expected, raising fears of a broader economic slowdown and causing risky assets to tumble throughout the month.
Oil prices rose slightly on Friday, as investors balanced a large US crude inventory draw and OPEC+ production delays with mixed US employment data.
Bullion steadied Thursday below $2500 after a market sell-off. It is expected to remain near this level until the NFP report is released.
Global stock futures and Treasury yields fell on Wednesday as a tech selloff raised concerns about the U.S. economic outlook.
The UK government stated it has "no plans" to rejoin Erasmus+, surprising many as the new PM focuses on resetting relations with the EU.
The Swiss franc eased Tuesday, but as investors use it over the yen for carry trades, the risk of a rapid rally remains a constant concern.
Germany’s DAX Index set a new record last session, rebounding from August’s selloff on renewed optimism about interest rates.
An important Fed gauge showed June inflation eased slightly from last year, paving the way for a widely expected September rate cut.
Sterling remained at a 2-year high Friday, with analysts warning that speculative rate bets driving the rise could quickly reverse.
Oil prices stayed steady Thursday as a smaller US crude draw and worries over China demand balanced out Libyan supply disruptions.
The S&P 500 rose on Tuesday, while the Dow Jones hit a record high. Both await Nvidia's quarterly report and upcoming economic data later this week.
On Tuesday, the yen fell from a three-week high as carry trades unwound aggressively. Strategists warn the unwinding might not be over yet.
Gold hovered near last week's peak, driven by fund inflows and rate-cut hopes after Powell's dovish Jackson Hole speech.
The ASX 200 rose 5.8% this year, underperforming major markets as China’s weak demand for raw materials impacts a key revenue source for Australia.
