Markets Wait For Jobs Data From The U.S.

Close on the heels of the hawkish pause by the Federal Reserve, markets are keenly anticipating the latest update to the non-farm payrolls. Market sentiment remains tense as the low unemployment rate as well as the strong job gains in the recent months are seen limiting the headroom available to the Fed to cut rates. The sentiment boost triggered by the recent upbeat results from the tech sector in the U.S. lingered, limiting losses.

Wall Street Futures point towards a minor rally. Major European benchmarks are trading above the flatline. Asian stocks finished trading mostly on a negative note.

The euro and the pound gained ground amidst the Dollar’s weakness. Bond yields moved in a mixed fashion. Crude oil prices firmed up as the OPEC+ group kept its production policy unchanged. Gold prices traded close to the flatline. Cryptocurrencies rebounded emphatically.

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

Stock Indexes:

DJIA (US30) at 38,521.50, up 0.00%
S&P 500 (US500) at 4,935.00, up 0.59%
Germany’s DAX at 16,991.36, up 0.78%
U.K.’s FTSE 100 at 7,649.61, up 0.25%
France’s CAC 40 at 7,634.84, up 0.61%
Euro Stoxx 50 at 4,672.25, up 0.73%
Japan’s Nikkei 225 at 36,158.02, down 0.30%
Australia’s S&P ASX 200 at 7,699.40, up 1.47%
China’s Shanghai Composite at 2,730.15, down 1.46%
Hong Kong’s Hang Seng at 15,533.56 down 0.21%

Currencies:

EUR/USD at 1.0886, up 0.13%
GBP/USD at 1.2761, up 0.15%
USD/JPY at 146.67, up 0.17%
AUD/USD at 0.6605, up 0.55%
USD/CAD at 1.3367, down 0.13%
Dollar Index at 102.94, down 0.11%

Ten-Year Govt Bond Yields:

U.S. at 3.888%, up 0.73%
Germany at 2.1775%, down 2.70%
France at 2.682%, down 1.51%
U.K. at 3.8405%, down 0.92%
Japan at 0.664%, up 0.00%

Commodities:

Brent Oil Futures (Apr) at $79.34, up 0.81%.
Crude Oil WTI Futures (Mar) at $74.44, up 0.84%.
Gold Futures (Apr) at $2,070.90, down 0.01%.

Cryptocurrencies:

Bitcoin at $42,951.17, up 1.81%
Ethereum at $2,305.68, up 1.54%
BNB at $302.38, up 1.04%
Solana at $100.65, up 4.64%
XRP at…