09/10/2023
Today’s Announcements & News
Asia
Asia-Pacific stocks showed mixed performance as investors awaited U.S. jobs data.
The Shanghai Composite and Shenzhen Component remained closed for China’s weeklong holiday. Hong Kong’s Hang Seng index initially surged over 2% but later traded 1.37% higher. Australia’s S&P/ASX 200 gained 0.41%. South Korea’s Kospi rose 0.21%, while the Kosdaq closed 1.92% higher. Japan’s Nikkei 225 slipped 0.26%.
US
Stocks surged on Friday despite stronger-than-expected U.S. jobs data and higher Treasury yields.
The Dow Jones Industrial Average gained 288.01 points, or 0.87%. The S&P 500 added 1.18%. The Nasdaq Composite rose 1.60%.
The U.S. economy added 336,000 jobs in September, surpassing economists’ expectations of 170,000 jobs. However, wage growth was lower than anticipated for the month.
Commodity
Oil prices rose on Friday, but they marked their steepest weekly losses since March due to concerns about Russia’s fuel export ban and macroeconomic challenges. Brent futures settled at $84.58 per barrel, while U.S. West Texas Intermediate crude futures settled at $82.79 per barrel.
Gold prices gained on Friday after a nine-day losing streak, primarily due to a technical rebound. However, robust U.S. jobs data raised concerns about the possibility of another U.S. interest rate hike. Spot gold was up 0.6% at $1,831.09 per ounce but still on track for its second consecutive weekly loss, down 0.9% for the week.
The above analysis is only for the views of market researchers and is for reference only and is not regarded as a specific investment suggestion.
