Expectations for interest rate hikes have receded following a negative surprise in the U.S. July employment report, prompting a pullback in the U.S. dollar to 156.68 yen / $1.1581.

[London Market Overview] In the London foreign exchange market on the 7th, the USD/JPY pair edged slightly lower. Crude oil prices and U.S. long-term yields both softened, prompting dollar selling that pushed the pair down from 158.47 yen to 158.32 yen. However, the decline was limited as investors adopted a wait-and-see stance ahead of the U.S. employment report. The EUR/USD pair advanced from 1.1518 to 1.1531 amid dollar selling driven by falling crude oil prices and lower yields. Tracking the EUR/USD pair, the EUR/JPY pair also moved higher, rising from 182.49 yen to 182.59 yen.

Fisco JapanAug 8 05:33

U.S. stock market rebounds as concerns over early interest rate hikes recede (7th)

The U.S. stock market rebounded. The Dow Inc average rose $151.83 to $54,036.93, and the Nasdaq gained 342.27 points to close at 26,690.62. Employment data revealed an unexpected slowdown, leaving the market mixed after the opening bell. Gains in the Dow Inc were capped by selling on concerns over the labor market and slowing growth, but the Nasdaq remained firm throughout the day as fears of early rate hikes receded and interest rates fell. Toward the end of the session, the market extended its gains and closed. By sector, automobiles and auto parts

Fisco JapanAug 8 05:28

At a Glance: Stocks Gapping up Premarket

Seeking AlphaAug 7 19:25

‘El Niño Premium’ Surges! From Coffee to Cocoa, Global Soft Commodities Enter a ‘Pricing Moment’

① El Niño is intensifying, driving significant gains in ICE Arabica coffee and cocoa futures prices, with commodity markets already pricing in an El Niño risk premium; ② Peru’s fishing industry has already suffered a tangible supply shock, and institutions note that sugar, palm oil, and other commodities also face production cut expectations; ③ The European Central Bank indicates that strong El Niño events typically push global food commodity prices up by 9%.

cls.cnAug 7 18:09

Stock Index Futures Muted as Investors Await July Jobs Report

Seeking AlphaAug 7 16:14

Polysilicon Tariff Winners & Losers: How Solar Stocks Rank on Quant Ratings

Seeking AlphaAug 7 14:17