Top Weekly Highlights: Non-farm Payrolls Continue Amid Government Shutdown, Trump’s Tariff Case May Face Defeat?

U.S. stock selloff, precious metals volatile! Private employment data sends mixed signals, U.S. Democrats achieve sweeping victories in local elections! Could the U.S. Supreme Court reshape the global trade landscape? Musk reaches new heights toward becoming a 'trillionaire'! What exciting market moves did you miss this week?

Golden10 DataNov 7 21:52

U.S. November University of Michigan consumer sentiment hits a more than three-year low, with short-term inflation expectations rising.

The preliminary reading of the University of Michigan's Consumer Sentiment Index for November stood at 50.3, the lowest level since June 2022, compared to an expected 53 and a previous reading of 53.6. The figure fell below the expectations of all but one economist surveyed by the media.

wallstreetcnNov 7 23:29

US Dollar Mixed Early Friday Ahead of University of Michigan Consumer Sentiment, NY Fed Inflation Expectations Data

MT NewswiresNov 7 20:46

The US dollar fell against the Japanese yen as haven demand boosted the yen.

During the European trading session on Friday (November 7), the USD/JPY exchange rate retreated to the 153.10 level. Amid rising risk aversion, the yen retained some of its recent gains. Concerns over potential overvaluation in artificial intelligence stocks fueled volatility in equity markets, prompting investors to shift toward traditional safe-haven assets, thereby supporting the yen. The broad weakening of the US dollar further added downward pressure on the currency pair. Signs of a cooling labor market in the United States reinforced market expectations for an upcoming interest rate cut by the Federal Reserve. Domestic data in Japan presented a mixed picture. Consumer spending in September grew moderately by 1.8%, following a 2.3% increase in August and falling short of the 2.5% forecast.

FX678 FinanceNov 7 19:37

Decision Analysis: Risk-off Sentiment Soars! Tech Sector Suffers Heavy Losses as Yen Bonds Gain Favor, Gold Breaks Through 4000

Global stock markets generally fell on Friday (November 7), heading for the largest weekly decline in seven months. Investors, increasingly concerned about the rapid rise in artificial intelligence (AI) stocks, have shifted towards safe-haven assets such as bonds and the Japanese yen.

FX168Nov 7 17:01

U.S. Treasury's Future Funding Strategy Could Turn More Opportunistic -- Market Talk -- Market Talk

WSJNov 7 15:14