| Prior Close | ||
|---|---|---|
| Asset | Level | Days Change |
| S&P 500 | 6,891.10 | +0.18% |
| Nasdaq | 23,578.13 | +0.31% |
| Spot VIX | 16.30 | +5.78% |
| 2 Year Bond Yield | 3.59 | +2 bps |
| 10 Year Bond Yield | 4.16 | +2 bps |
| EUR/USD | 1.1649 | +0.04% |
| USD/JPY | 155.53 | +0.15% |
| GBP/USD | 1.332 | -0.08% |
| WTI Oil | 59.67 | +1.22% |
| Gold | 4,206.66 | +0.19% |
| Bitcoin | 92,104.28 | +1.88% |
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
| Data | Prior | Cons | Time |
|---|---|---|---|
| ADP Employment Change Weekly | -13,500 | - | 08:15 |
| JOLTs Job Openings | 7.2m | 7.2m | 10:00 |
| JOLTs Job Openings | - | - | 10:00 |
| API Weekly Crude Oil Stocks | -2.5m | - | 16:30 |
Weekly jobless claims fell to 191k, beating consensus and prior readings, highlighting labor market resilience that boosted equities. Factory orders missed at 0.2% m/m versus 0.5% expected, pointing to softening manufacturing amid global trade headwinds. Markets remained calm with S&P 500 closing at 6878.50, Nasdaq at 23505.14, and VIX at 15.82, reflecting low volatility. Bond yields dipped slightly, 2-year at 3.54% and 10-year at 4.12%, while FX held steady with EUR/USD at 1.1647 and GBP/USD at 1.333. Commodities saw muted moves, WTI oil at $58.95, gold at $4221.02, and bitcoin at $91430.44, with no extreme swings.
ADP employment change at 08:15, with previous at -13.5k, will gauge private sector hiring ahead of key labor reports. JOLTs job openings at 10:00, expected at 7.2M versus prior 7.227M, offers insights into labor demand and Fed rate cut timing. API weekly crude oil stocks at 16:30, previous -2.48M, may influence oil prices amid supply glut concerns. (cont...)
Middlemen dominance in the US economy, from Amazon to Uber, concentrates power and raises costs for consumers and suppliers. India's rupee hits record lows, pressuring commodity prices and domestic inflation as global trade shifts.
In the cutting cycle, resilient jobless claims favor faster cuts, with markets pricing fewer pauses in 2025. Powell's data-dependent stance supports more reductions if labor data confirms cooling pressures. Consensus leans toward steady easing, balancing inflation risks with economic stability. Tariffs add uncertainty, potentially slowing cuts if they fuel inflation.