General Sentiment

Global shares continued to rally this Monday morning, after 850K Jobs were added in the U.S. according to the NFP report from Friday, VS 720K expected, beating expectations after several disappointing job reports over the past few months. It’s also nearly a 50% rise from last month’s figure of 583K of only jobs added. However the unemployment rate rather ticked higher than expected from 5.8% to 5.9%, but it did no harm to investor sentiment.

Investors’ focus will now shift to further clues on when the fed will begin its tightening.

Equities

On Wall Street, it’s a light breezy day as U.S. markets will be closed for an extended 4th of July weekend. After Major indices scaled new highs on Friday after job figures from Friday. The S&P closed up for a seventh straight session. Big techs pulled the Nasdaq to record highs as well adding 116 points.  Led by highs in Microsoft, Apple, and Google parent Alphabet. And lows in U.S. Treasury yields that fell.

Currency Market

The dollar index dropped from an all-time high after the NFP optimistic figures, steading around 92.33.

The USD/JPY inched higher 0.14% in the Asian session to 111.15 after falling to 111 on Friday after the NFP figures.

The Euro also inched higher to $1.1862

Commodities: Gold

Gold reversed worst monthly losses after central banks began increasing their gold holdings. Gold was up 0.24% to $1,787.55

Commodities: Oil

Oil prices beat under pressure, after OPEC+ Vote to increase production by 2 million barrels a day and ahead of the continuation of the meeting later today. Brent dropped to 75.43 while WTI fell to $74.26