The U.S. equity markets ended the week on a high note, bolstered by positive wage data, with the Nasdaq, S&P 500, and Dow closing +1.1%, +1.0%, and +0.6%, respectively. U.S. 10-year yields saw an uptick, rising by 4bps to 3.7%. In the commodities market, crude oil prices dropped by 3.0% to $73.60 a barrel. The forex market witnessed significant moves, with AUD/USD trading within a 0.6752/0.6816 range before closing at 0.67655. The USD strengthened across the board following the release of economic data, pushing USD/JPY to 145.74 and USD/CAD above 1.3500.

Overnight, the U.S. markets displayed a mixed performance, with the Dow Jones rising by 0.6%, the S&P 500 marginally increasing by 0.1%, and the Nasdaq slipping by 0.2%. The U.S. 10-year yields climbed 3 basis points, reaching 3.87%, while crude oil prices surged by 1.9% to settle at $75.95 per barrel. The AUD/USD traded within a narrow range of 0.6781 to 0.6824, closing near 0.6795, reflecting the broader market’s subdued tone.

Overnight trading saw a soft session on Wall Street, with the Nasdaq closing down by 1.1%, the S&P 500 by 0.7%, and the Dow Jones by 0.4%. U.S. 10-year yields edged slightly higher, while crude oil prices fell by 1.1% to settle at $74.70 a barrel. In the currency markets, the U.S. Dollar maintained its strength, with the AUD/USD trading within a narrow range of 0.6765 to 0.6813. The greenback also remained strong against other major currencies, with EUR/USD hitting a low of 1.1105 and GBP/USD dropping below 1.3200. USD/JPY climbed above the 145.00 mark, while USD/CAD topped out at 1.3479.

In a subdued session, financial markets remained largely unchanged. Wall Street closed with minimal movement, reflecting the calm market environment. U.S. 10-year Treasury yields edged slightly higher, while crude oil saw a 2% decline, settling at $75.85 per barrel. The forex market saw limited action, with AUD/USD trading within a narrow range of 0.67615 to 0.67955 before closing at 0.6790/93 as the Asian session began. The U.S. dollar held steady with the DXY index at 100.80, maintaining its range-bound trading behavior against major currencies.

Wall Street experienced a soft start to the week, with the Nasdaq closing down by 0.9% and the S&P 500 by 0.3%. U.S. 10-year yields inched higher, while rising tensions in the Middle East propelled crude oil prices up by 3.1%, reaching $77.10 per barrel. The Forex market saw the USD maintaining its strength, with the EUR/USD dropping to 1.1150 and the GBP/USD to 1.3181. USD/JPY climbed above 144.00, touching a high of 144.65 as the market absorbed the latest economic data.

The Jackson Hole Symposium became the focal point of market movements, particularly after FOMC Chairman Jerome Powell signaled a shift towards easing, stating that “the time has come for policy to adjust.” This dovish tone led to a positive reaction on Wall Street, with the Nasdaq closing up 1.5%, and both the S&P 500 and Dow Jones advancing by 1.1%. U.S. 10-year yields also dropped 5 basis points to 3.79%, while WTI crude oil surged 2.7%, closing at $75 a barrel.

Risk sentiment soured overnight, leading to significant declines across major U.S. indices. The Nasdaq fell 1.6%, the S&P 500 dropped 0.8%, and the Dow Jones closed down 0.4%. Meanwhile, U.S. 10-year yields rose by 6 basis points to 3.86%, while crude oil prices increased by 1.4%, settling at $72.95 a barrel.

Wall Street closed higher, with the Nasdaq posting gains of +0.6%, the S&P 500 up by +0.4%, and the Dow Jones increasing by +0.1%. U.S. 10-year yields experienced a slight decline, while crude oil prices fell by -1.7% to $71.90 a barrel. In the Forex market, the AUD/USD traded within a 0.6732 to 0.6761 range before settling around 0.6740 ahead of the Asian open.

Equity markets continued their upward trajectory, buoyed by a weakening Japanese Yen. The Yen has been under pressure following a dovish tone from Japanese authorities, with the Bank of Japan (BoJ) signaling that it may maintain its current monetary policy stance amid rising global economic uncertainties. This has provided a boost to global equity markets as investors seek higher returns in risk assets. The focus now shifts to the upcoming U.S. Consumer Price Index (CPI) report, which is expected to significantly influence both the equity markets and the U.S. dollar.

The Nikkei 225, Japan’s primary stock index, has experienced a historic selloff, driven by a convergence of multiple factors that have created a “perfect storm.” This sharp decline, marked by a 12.40% drop, is the largest point decline in the index’s history. Key factors contributing to this downturn include the unwinding of carry trades, a stronger yen, rising geopolitical tensions, and a disappointing Non-Farm Payroll (NFP) report. As panic selling ensues, the impact is felt across Asian markets, triggering circuit breakers and heightening global market anxiety.

Friday’s soft U.S. jobs report weighed on risk and drove losses in equities and bond yields to end the week. On Wall Street, the Nasdaq closed down by 2.4%, the S&P 500 by 1.8%, and the Dow Jones by 1.5%. U.S. 10-year yields fell 18bps to 3.76%, while crude oil prices dropped by 2.9% to $74.10 a barrel. The AUD/USD traded in a 0.6487/0.6547 range before closing the week at 0.65115.

Yesterday’s gains on Wall Street were short-lived, with the Nasdaq closing down by 2.3%, the S&P 500 falling by 1.8%, and the Dow Jones dropping by 1.2%. U.S. 10-year yields declined by 6bps to 3.97%, while crude oil prices fell 1.3% to $76.90 a barrel. The AUD/USD traded within a 0.64895 to 0.6560 range before settling at 0.6495/00 ahead of the Asian open.