The US market is experiencing growth as 150,000 new jobs were added to the private sector in June, despite slightly falling short of the expected 160,000. Wall Street is expected to open with a slight decrease today, with Tesla jumping by about 3% after announcing better than expected deliveries in the second quarter.
In Europe, trading has been conducted with adequate price increases, led by the French CAC index, which added 1.6%. Maersk is soaring in trading after backing out of a potential acquisition of a German logistics company. In the commodities market, oil prices are rising, with Brent oil trading at $87 per barrel and American oil at $84 per barrel. Bitcoin is expected to reach an all-time high this year, according to a new study. Despite positive remarks from Powell about inflation, concerns about lowering interest rates too early linger.
The US bond yields fell slightly following remarks by the Federal Reserve chairman, Jerome Powell. The focus will be on the initial employment report for June, which will be published on Friday. The Globes system promotes diverse and respectful discourse, filtering out inappropriate content automatically.