The market overview in the morning, compiled by Dow Jones Newswires:
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+++++ Daily topic +++++
The US position growth may have remained weak in August. After the disappointing growth of 73,000 jobs in July, paired with strong downward revisions of the May and Juni numbers, economists expect an increase of 75,000 jobs. In the unemployment rate, you can expect an increase to 4.3 (previous month: 4.2) percent. After the weak US work market data in July, President Donald Trump had accused of manipulation. He dismissed the then head of the Office for Labor Market Statistics. For this reason alone, the August data will be observed under tighter. For hourly wages, an increase of 0.3 (0.3) percent is predicted compared to the previous month and 3.8 (3.9) percent per year. Such a development would confirm the assessment of the US Federal Reserve that the economy is in a phase of cooling, but without an acute crisis.
+++++ Outlook Company ++++++
No relevant company dates announced.
+++++ Outlook economy +++++
– US
2:30 p.m. Labor market data August
Employment ex agrar
Forecast: +75,000 GG VM
Before: +73,000 GG VM
Unemployment rate
Forecast: 4.3%
Before: 0.042
Average hourly wages
Forecast: +0.3% GG VM/ +3.8% GG VJ
Before: +0.3% GG VM/ +3.9% GG VJ
+++++ Overview of indices +++++
last +/- %
E-Mini-Future S & P-500 6,258.80 +0.2%
E-Mini-Future Nasdaq-100 22,906.90 +0.4%
S&P/ASX 200 (Sydney) 8,871.00 +0.5%
Nikkei-225 (Tokyo) 42,951.93 +0.9%
Hang-Seng (Hongk.) 25.265.39 +0.8%
Shanghai-Comp. 3,781.68 +0.4%
Kospi (SEoul) 3,208.36 +0.2%
+++++ Financial markets +++++
East Asia (course)
Friendly – after a friendly trend on Wall Street, it also goes up in Asia. Again falling yields on the bond markets supported the mood in the United States after weaker labor market data had underpinned the prevailing interest rate reduction fantasy. Positive is that the US has reduced the tariffs to Japanese cars and auto parts from 25 to 15 percent – in return for Japan to reduce tariffs to US goods and to provide Tokyo $ 550 billion for infrastructure projects in the USA. Toyota win 1.1 percent, Nissan 1.7, Mazda 2.3 and Honda 0.6 percent.
Wall Street
Index last +/- % absolutely +/- % ytd
DJIA 45,621.29 +0.8% 350.06 +6.4%
S & P-500 6,502.08 +0.8% 53.82 +9.6%
NASDAQ Comp 21.707.69 +1.0% 209.97 +11.3%
Nasdaq 100 23,633.01 +0.9% 218.17 +11.4%
Thursday Wednesday
Sales NYSE (stocks) 1.00 billion 1.01 billion
Winner 2,038 1,470
Loser 723 1,287
Unchanged 83 85
Fixer – further falling market interest rates ensured willingness to buy on the stock market. Weaker labor market data still fueled the expectation of falling interest. Both the ADP report on the private US market For August and the weekly labor market data, according to market observers, the assessment underpinned that the job market cools down. At the same time, the ISM shopping manager index for the service sector rose stronger than expected in August, while his counterpart, which was raised by S&P Global, sank surprisingly significantly. However, both indices remained above the expansion threshold. Salesforce fell 4.8 percent. The provider of corporate software earned more than expected, but the view for the current quarter was somewhat disappointing. Hewlett Packard Enterprise presented unusual quarterly figures than expected, the course rose by 1.4 percent. Credo Technology (+7.4%) convinced with strong quarterly figures and a view that is also above the market expectation. American Eagle Outfitters shot up 38 percent with a strong forecast.
USA – bonds
Weaker labor market data and the resulting interest reduction fantasy let the bonds give in again. The ten -year return fell to 4.16 percent by 5 basis points.
CURRENCY
last +/- % 00:00 Thu, 10:05 % YTD
EUR/USD 1.1672 0.2 1.1650 1.1655 +12.6%
EUR/JPY 172.99 0.0 172.91 172.86 +6.0%
EUR/GBP 0.8676 0.0 0.8673 0.8674 +4.8%
GBP/USD 1.3454 0.2 1.3433 1.3436 +7.4%
USD/JPY 148.21 -0.1 148.42 148.32 -5.9%
USD/KRW 1,391.45 -0.1 1,393.09 1,392.95 -5.7%
USD/CNY 7.1041 -0.0 7.1060 7.1080 -1.4%
USD/CNH 7.1320 -0.1 7.1385 7.1385 -2.7%
USD/HKD 7,7989 -0.0 7.8014 7.7971 +0.4%
AUD/USD 0.6532 0.3 0.6516 0.6526 +5.7%
NZD/USD 0.5865 0.3 0.5847 0.5866 +5.0%
BTC/USD 111,687.60 1.1 110.511.25 110,629.35 +18.3%
YTD based on the final course of the previous day
The dollar tended well, despite the falling market interest rates. Market participants had no explanation for this unusual reaction, but pointed out that the US currency will write down well below its highs from the beginning of the year.
+++++ Raw materials +++++
OIL
last VT closing +/- % +/- USD % YTD
WTI/NYMEX 62.58 63.48 -1.4% -0.90 -10.7%
Brent/ICE 66.87 66.99 -0.2% -0.12 -9.8%
YTD based on the final course of the previous day
The price of the WTI variety of the WTI Barrel was 0.8 percent to $ 63.48. On the one hand, speculation would have continued to put on a promotion increase in the Opec+, and on the other hand, also surprisingly increased US raw oil supplies.
Metals
Last day +/- % +/- USD % YTD
Gold 3,556.73 3,549.00 +0.2% +7.73 +35.7%
Silver 40.87 40.725 +0.4% +0.15 +42.5%
Platin 1,188.82 1,177.32 +1.0% +11.50 +39.5%
YTD based on the final course of the previous day
The gold was taken by the gold after the price rose to its highest level on Wednesday. The prize for the troy ounce fell by 0.4 percent to $ 3,546.
+++++ Messages since Thursday 8:00 p.m. +++++
Japan – economy
The spending of private Japanese households was 1.4 percent above the previous year’s value in July. Economists had expected an increase of 2.3 percent.
Philippines
Consumer prices rose by 1.5 percent in August compared to the previous year, more than expected from economists at 1.1 percent. In the core rate, the increase was 2.7 percent.
USA – foreign trade
The United States is preparing for a renegotiation of its largest free trade agreement – the agreement between the USA, Mexico and Canada. The US trade officer’s office will start shortly with public consultations. According to the law of 2020, with which the now valid trade agreement has been introduced, this must happen until October 4th.
USA – customs policy
The US has reduced the tariffs to Japanese cars and auto parts from 25 to 15 percent – in return for Japan to reduce tariffs to US goods and to provide Tokyo $ 550 billion for infrastructure projects in the USA. According to the regulation, the new tariffs apply retrospectively to August 7.
Apple
The technology company CERENCE AI has filed a lawsuit against Apple and accuses the iPhone manufacturer to use cereal technology in certain iPhones and iPads without a license.
Broadcom
has significantly increased sales in the third business quarter. In addition, the US chip manufacturer reported an order in the AI segment over $ 10 billion from a new customer not mentioned. Broadcom increased sales by 22 percent to $ 15.95 billion. Analysts had expected 15.83 billion. Sales with AI chips increased by 63 percent to $ 5.2 billion. This sales post is expected to reach $ 6.2 billion in the current quarter. The net win was $ 4.14 billion after a loss of 1.88 billion in the previous year. The adjusted profit per share reached $ 1.69 and was 3 cents above the factset analyst consensus. Broadcom promises $ 17.4 billion sales for the fourth quarter. The analyst consensus is 17 billion.
Lululemon
has reduced the outlook for the financial year. The Canadian company expects higher tariffs and the end of the Dinimis exemption to reduce its profits by $ 240 million in this financial year.
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DJG/CLN/GOS
(End) Dow Jones Newswires
September 05, 2025 01:49 ET (05:49 GMT)