In recent news, the private sector in the US added 150,000 new jobs in June, slightly less than the expected 160,000. Meanwhile, Nano Dimension has acquired Desktop Metal in a cash transaction worth up to $183 million. The financial markets have shown positive trends with European stock indices leading the way. Tesla saw a 3% jump in early trading following higher than expected deliveries in the second quarter.
Analysts are discussing the potential for investing in American bonds, suggesting that it may offer better returns compared to stocks in current market conditions. In Asia, the Nikkei index rose by about 1%, while the Shanghai index fell by 0.4%. Trading on Wall Street is expected to open with a slight decrease. The US bond yields have fallen following remarks by Jerome Powell who expressed satisfaction with inflation rate in country.
Commodities trading saw Brent oil at $87 per barrel and American oil at $84 per barrel, nearing a two-month high. A study predicts that Bitcoin currency will continue to rise to an all-time high this year. Powell’s comments on US inflation rate and interest rates have influenced market sentiment, with expectations of possible interest rate reduction later in year. Central bank will focus on initial employment report for June to assess further monetary policy decisions