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US stocks rose thanks to strong employment and earnings data; USD fluctuates amid trade and Fed
uncertainty U.S. stocks posted solid gains last week, driven by stronger-than-expected Q1 earnings and the April Nonfarm Payrolls report showing 177,000 new jobs. This eases fears of an economic recession in the near future. Hopes of resumption of U.S.-China trade talks, tied to the possibility of lifting tariffs, have further boosted sentiment.
Weekly Index Performance:
S&P 500: +2.92% | Dow: +3.00% | Nasdaq: +3.42%
Big tech companies outperformed, with Meta and Microsoft growing. Apple and Amazon lag behind cautious guidance in the future.
In the forex market, the US dollar has experienced volatility—initially falling due to trade concerns but recovering thanks to strong inflation and employment data. This has lowered expectations for the Fed to cut interest rates.
Notable forex movements:
USD/JPY: +0.92% | EUR/USD: -0.56% | DXY: +0.45%
GBP rose sharply at the beginning of the week but ended lower.
Gold prices fell (-2.36%) due to rising yields and USD. Oil fell sharply (WTI -7.68%) due to concerns about increased OPEC+ production, despite new US sanctions on Iran.
Key points to keep in mind:
Strong jobs data boosted the dollar and put pressure on gold
Stocks rise on solid earnings and easing trade worries
Oil market prepares for volatility ahead of OPEC+ meeting
uncertainty U.S. stocks posted solid gains last week, driven by stronger-than-expected Q1 earnings and the April Nonfarm Payrolls report showing 177,000 new jobs. This eases fears of an economic recession in the near future. Hopes of resumption of U.S.-China trade talks, tied to the possibility of lifting tariffs, have further boosted sentiment.
Weekly Index Performance:
S&P 500: +2.92% | Dow: +3.00% | Nasdaq: +3.42%
Big tech companies outperformed, with Meta and Microsoft growing. Apple and Amazon lag behind cautious guidance in the future.
In the forex market, the US dollar has experienced volatility—initially falling due to trade concerns but recovering thanks to strong inflation and employment data. This has lowered expectations for the Fed to cut interest rates.
Notable forex movements:
USD/JPY: +0.92% | EUR/USD: -0.56% | DXY: +0.45%
GBP rose sharply at the beginning of the week but ended lower.
Gold prices fell (-2.36%) due to rising yields and USD. Oil fell sharply (WTI -7.68%) due to concerns about increased OPEC+ production, despite new US sanctions on Iran.
Key points to keep in mind:
Strong jobs data boosted the dollar and put pressure on gold
Stocks rise on solid earnings and easing trade worries
Oil market prepares for volatility ahead of OPEC+ meeting
