Last week, global stocks and precious metals erased the weekly gains as investors continued to bet on further Federal Reserve tightening to bring decades-high inflation under control after the release of a strong US labor report. The employment data showed the US economy added 263,000 jobs in September, above market estimates and the unemployment rate unexpectedly fell to 3.5%.
Global stocks and metals started the new week on a bearish note after explosions rocked multiple cities across Ukraine on Monday morning, including Kyiv. Moving ahead, this week all eyes will be turning to the US inflation data which will give us the latest insight into whether inflation continues to rise further upside.
On the earnings front, the companies scheduled to release their last quarter financial results this week will be JP Morgan, Wells Fargo, Morgan Stanley, Citi, Domino’s and Delta Airlines.
Check out the detailed analysis here - https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-50