EUR/USD
1.15230
-0.003%
Gold
4246.32
0.138%
Oil
77.186
-0.239%
USD/JPY
158.416
-0.016%
GBP/USD
1.34534
0.001%
GBP/JPY
213.126
-0.022%
Real-time News
Japans total household spending fell 6.4% month-on-month in June, compared with a forecast of -3.1% and a previous reading of 3.7%.Japans total household spending fell 3.3% year-on-year in June, compared with a forecast of 1.00% and a previous reading of -0.40%.Asian stocks are expected to open slightly lower on Friday as renewed geopolitical tensions dragged down both U.S. stocks and bonds. Oil prices jumped, reigniting inflation concerns ahead of a key U.S. jobs report. Market focus now shifts to Fridays U.S. jobs report for new clues about the Federal Reserves policy path. Stronger-than-expected jobs data could reinforce the case for persistently high interest rates, while any escalation of tensions in the Middle East could push up energy prices and exacerbate market volatility. UBS analyst Ulrike Hoffmann said, "Short-term risks remain, especially if U.S. data remains strong, oil prices continue to fuel inflation concerns, or the market continues to price in a more hawkish Fed rate path." José Torres, senior economist at Interactive Brokers, said, "Wall Street has once again reversed its recent sharp rise as the lack of clarity surrounding the Strait of Hormuz has led investors to question the validity of the strong rally earlier this week."On August 7th, it was reported that the Venezuelan and Chilean foreign ministries issued separate statements on August 6th, announcing the exchange of diplomatic notes and the formal restoration of consular relations. They also decided to establish consulates general in each others capitals. Furthermore, both sides agreed to proceed gradually towards the full normalization of bilateral relations.Federal Reserves Mussalim: Amidst energy market volatility, I am focused on core inflation.
