IC Markets Global: Daily market analysis(2023-12-06)

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This post was finally written by ICMarkets to 2023-12-7 17:35 edit

IC Markets Global: Daily market analysis(2023-12-06)741 / author:ICMarkets / PostsID:1727011

The stock market fluctuates after the decline in employment data

One of the four employment data released by the United States this week was lower than expected last night, leading to mixed reactions in the financial markets. United Statesstock market indexThe closing was relatively flat, and the Dow Jones index fell0.21%S&P500The index has only fallen0.04%And the Nasdaq index rose0.31%. US treasury bond yields fell again, benchmark10The one-year treasury bond fell to3A month low, falling to4.163%，2The one-year treasury bond fell back to4.56%. On the other hand, the US dollar managed to maintain its recent upward trend, with the US dollar index closing higher again0.41%。goldThe performance is much calmer than Monday, and the current trading price has fallen to around2020USD level, whilecrude oilThe price has once again fallen one step.

Crude oil targets a five month low, Brent crude oil falls below78dollar

In yesterday's trading, oil prices fell again due to demand concerns, a strengthening US dollar, and concerns about the Organization of the Petroleum Exporting Countries and its allies（OPEC+）Doubts about the strong impact of production reduction measures on the market have put pressure on crude oil. Brent crude oilfuturesIt fell on the same day1.1%West Texas medium crude oil also fell1%, falling to72US dollars. From a technical perspective, if oil prices break through72The strong support level of the US dollar may trigger prices to fall back to the low point of the year63.60Near the level of the US dollar. Most traders believe that there will be more volatility starting from the current level, and everyone will closely monitor any news that may affect global economic growth, especially news related to China, andOPEC+Further clarification from the government regarding production reduction.

More US employment data will be available today

Today will be another busy trading day, and the market has already experienced considerable volatility this week. The Asian market will once again focus on the Australian market, as the latest gross domestic product will be released this morning（GDPdata The European market will have the UK's Construction Purchasing Managers Index（PMI）Data update, followed by Bank of England Governor Andrew Bailey's financial stability report press conference in London. But once again, the US market will focus on US employment data, this time it is non farm employment change data, with market expectations for growth131,000People.