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EBC Foreign Exchange Commodity Stock Index Newsletter On Thursday (June 8), global stock markets rose and U.S. Treasury yields fell. Investors believe that the Fed has a high probability of maintaining its current policy next week.

The number of Americans filing new claims for jobless benefits rose to a more than 1-1/2-year high, although layoffs may not be accelerating given that Memorial Day is included.

Gold rose more than 1%, buoyed by a weaker dollar. Crude oil fell more than 1.5 percent as a larger-than-expected build in U.S. gasoline inventories raised concerns about demand.YSHX

Commodities

U.S. inflation data for May will be released on June 13, helping investors learn more about the U.S. labor market after the unemployment benefits report.

Edward Moya, senior market analyst at OANDA, said the data suggested the U.S. economy was cooling further, allowing the Fed to hold its ground.

Brent crude oil fell below $76, little changed from before Saudi Arabia announced a production cut of 1 million barrels per day over the weekend. In addition, the news that the United States eased sanctions on Iran’s crude oil exports was denied by the White House.yunshfx

Forex

Although the euro zone economy fell into a technical recession in the first quarter, it did not stop the euro from rebounding. The market expects the European Central Bank to raise interest rates by 25 basis points next week, followed by another 26 basis points in July to 3.75%.Yun Shang Hui Xin

USD/CHF fell 1.2% to 0.899, its lowest level since May 23. In his last appearance before the next interest rate decision, Swiss National Bank President Jordan reiterated his stance on fighting inflation.

[EBC platform risk warning and disclaimer]: There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice.Yun Shang Hui Xin Limited