Sharemont

Sharemont

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Sharemont
Sharemont
February 7, 2025 at 08:01 AM
*Good Morning ☕ Market News Update* Dive into the heart of the financial world with our latest Market News Update. Stay informed and one step ahead! Happy Trading! 🟢 Asian stocks inched up on Friday ahead of key U.S. payrolls data as investors considered prospects that a broader trade war could be averted. Overnight, U.S. stocks were mixed at the end of a choppy session as investors assessed a spate of earnings, with shares of Amazon (NASDAQ:AMZN) slipping in extended trading on weakness in the retailer's cloud computing unit and soft forecast. Nonfarm payrolls are expected to have increased by 170,000 jobs last month after surging 256,000 in December, a Reuters poll of economists showed. Markets could face some volatility around the data if it beats expectations, but it won't change the path of the FOMC policy as more data will be needed. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was at 107.7, with the euro little changed at $1.0386. Oil prices rose marginally in early Asian trade but were on track for a third straight week of decline. Gold prices steadied on Friday near record-high levels and were headed for their sixth successive weekly gain driven by a risk-off flight to safety.

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