Non-Farm Payrolls night is here! Strong dollar weighs down, most European stocks decline, gold rises
On January 10th, the U.S. non-farm payroll data is about to be released, and the market expects Trump to possibly announce a state of economic emergency. The U.S. dollar is strong, and most European stocks are down. Analysts expect non-farm employment to increase by 160,000, with the unemployment rate stable at 4.2%. Gold prices have risen to $2,677.01 per ounce due to safe-haven demand, and if the non-farm data rises, gold may decline. European stocks, such as the Euro Stoxx 50 index, the German DAX, and the UK FTSE 100, have all seen slight declines. Market risk warning, investment should be cautious
On January 10th, the U.S. non-farm payroll data is about to be released, coupled with market expectations that Trump may announce a state of economic emergency to implement tariff policies, resulting in a strong performance of the U.S. dollar. Most European stocks fell.
Currently, analysts expect non-farm employment to increase by 160,000, down from 227,000 in November, with the unemployment rate stabilizing at 4.2% and hourly wage growth slowing. In the previous trading day, gold prices rose to nearly a four-week high supported by safe-haven demand, with analysts suggesting that if the non-farm report shows an increase, gold may decline.
Most European stocks fell, with the Euro Stoxx 50 index down 0.12%, the German DAX index down 0.06%, the UK FTSE 100 index down 0.17%, and the French CAC 40 index down 0.02%.
UK government bonds opened lower, with the 10-year government bond yield rising by 3 basis points to 4.84%.
The U.S. dollar index rose by 0.06%, while the British pound fell by 0.14% against the U.S. dollar.
The U.S. dollar fell short-term against the Japanese yen by about 20 points.
Spot gold rose, currently reported at $2,677.01 per ounce.
The Euro Stoxx 50 index fell by 0.12%, the German DAX index fell by 0.06%, the UK FTSE 100 index fell by 0.17%, and the French CAC 40 index fell by 0.02%.
The U.S. dollar index rose by 0.06%.
The U.S. dollar fell short-term against the Japanese yen by about 20 points, with reports indicating that the Bank of Japan is considering raising its core inflation forecasts for fiscal years 2024 and 2025.
Spot gold rose, currently reported at $2,677.01 per ounce.
Risk Warning and Disclaimer
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