Markets Brace For The Job Market Update

Anxiety about the crucial monthly job market update limited gains following the Fed’s dovish monetary policy stance. Mixed earning updates from the corporate sector as well as geopolitical concerns also weighed on sentiment.

Wall Street Futures are directionless. European benchmarks are moving mixed. Asian stocks mostly gained.

Dollar’s weakness dragged down the Dollar Index further. Bond yields are moving mixed. Ten-year U.S. bond yields declined as markets priced in the end of the tightening cycle. Waning supply concerns dragged down crude oil prices. Gold traded close to the flatline. Cryptocurrencies mostly declined.

Here is a snapshot of the major world markets at this hour.

Stock Indexes:

DJIA (US30) at 33,849.40, up 0.03%
S&P 500 (US500) at 4,311.90, down 0.14%
Germany’s DAX at 15,174.15, up 0.20%
U.K.’s FTSE 100 at 7,447.08, up 0.01%
France’s CAC 40 at 7,053.62, down 0.10%
Euro Stoxx 50 at 4,168.75, down 0.02%
Japan’s Nikkei 225 at 31,949.89, up 1.10% (Nov 2)
Australia’s S&P ASX 200 at 6,978.20, up 1.14%
China’s Shanghai Composite at 3,030.80, up 0.71%
Hong Kong’s Hang Seng at 17,687.00, up 2.60%

Currencies:

EUR/USD at 1.0645, up 0.24%
GBP/USD at 1.2217, up 0.13%
USD/JPY at 150.28, down 0.10%
AUD/USD at 0.6443, up 0.15%
USD/CAD at 1.3745, up 0.06%
Dollar Index at 105.94, down 0.17%

Ten-Year Govt Bond Yields:

U.S. at 4.655%, down 0.32%
Germany at 2.7180%, up 0.22%
France at 3.310%, down 0.15%
U.K. at 4.4335%, up 1.11%
Japan at 0.915%, down 0.16%

Commodities:

Brent Oil Futures (Jan) at $86.69, down 0.18%.
Crude Oil WTI Futures (Dec) at $82.39, down 0.08%.
Gold Futures (Dec) at $1,996.10, up 0.13%.

Cryptocurrencies:

Bitcoin at $34,592.27, down 1.89%
Ethereum at $1,803.17, down 1.50%
BNB at $229.96, up 0.22%
XRP at $0.5986, down 0.99%
Solana (SOL) at $39.55, down 8.44%.

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