Stocks mixed after tepid US jobs report - 7.6.2021

The Dollar strengthening has resumed currently. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, lost 0.4% on Friday as the Bureau of Labor Statistics reported The United States added 559,000 jobs in May, below expectations.

Both EUR/USD and GBP/USD reversed their sliding Friday despite the Eurostat report retail trade in euro-zone fell 3.1% over month in April after 3.3% growth in prior month when a 1.4% decrease was expected. Both pairs are lower currently. USD/JPY gave back all of prior day’s gain Friday while AUD/USD pared almost all of its losses from prior day with yen higher against the Greenback currently and the Australian dollar lower.

Futures on US equity benchmarks are lower currently after climbing on Friday on investors relief over a tepid US jobs report. The three main US stock benchmarks recorded daily gains ranging from 0.5% to 1.5% Friday.

European stock futures are down currently after ending higher on Friday . Asian indexes are mixed today after finance ministers from the Group of Seven (G-7) advanced nations agreed on Saturday to back a minimum global corporate tax rate of at least 15%. Nikkei index is leading gains currently and Shanghai Composite is up as data showed China’s imports grew at their fastest pace in ten years.