European Markets Cautious as Focus Shifts to U.S. Jobs Data
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European markets show caution as they await U.S. job market data. Bitcoin slows after hitting new highs, while spread and gold stabilize.
European Markets Steady Ahead of U.S. Jobs Report
European markets closed with little change, awaiting key U.S. labor market data. Expectations point to a 200,000 job increase in November, a rebound from October’s weak 12,000. Unemployment may rise slightly to 4.2%.
Currency and Crypto: Calm Prevails
The Euro remains stable against the U.S. Dollar, trading at 1.059. Bitcoin, after surpassing $100,000, is now trading below $98,000.
Commodities: Gold Up, Oil Weakens
Gold sees a slight rise, reaching $2,639.1 per ounce. Meanwhile, oil (Light Sweet Crude Oil) declines by 0.37%, following the Opec+ decision to extend production cuts by three months.
Bond Market: Spread Improves
The bond market shows positive signs as Italy’s BTP spread narrows to 107 basis points, dropping by 8 points. The 10-year BTP yield stands at 3.19%, reflecting investor confidence.
Markets remain focused on U.S. employment data and Opec+ decisions. While some sectors show stability, attention is firmly on future economic trends.
European Markets Steady Ahead of U.S. Jobs Report
European markets closed with little change, awaiting key U.S. labor market data. Expectations point to a 200,000 job increase in November, a rebound from October’s weak 12,000. Unemployment may rise slightly to 4.2%.
Currency and Crypto: Calm Prevails
The Euro remains stable against the U.S. Dollar, trading at 1.059. Bitcoin, after surpassing $100,000, is now trading below $98,000.
Commodities: Gold Up, Oil Weakens
Gold sees a slight rise, reaching $2,639.1 per ounce. Meanwhile, oil (Light Sweet Crude Oil) declines by 0.37%, following the Opec+ decision to extend production cuts by three months.
Bond Market: Spread Improves
The bond market shows positive signs as Italy’s BTP spread narrows to 107 basis points, dropping by 8 points. The 10-year BTP yield stands at 3.19%, reflecting investor confidence.
Markets remain focused on U.S. employment data and Opec+ decisions. While some sectors show stability, attention is firmly on future economic trends.