On today's episode of Market Brief – After Hours, weak US jobs data gives stocks a lift, but Treasury yields refuse to stay down. September hiring of just 29,000 strengthens expectations that the Federal Reserve will hold rates steady in October, helping the Nasdaq reach an intraday record. Yet a late rebound in bond yields takes some shine off the rally, with the 10-year yield finishing at 5.281%.
We also examine the G7’s planned 100 million barrel reserve release, Europe’s rebound despite accelerating inflation, and Hong Kong’s sharp sell-off. Plus, technical analysis of EUR/USD, GBP/USD, AUD/USD, USD/CAD and gold, alongside Synaptics’ takeover surge, Tesla’s stronger-than-expected deliveries and steep losses for Seagate Technology and Western Digital.
","author_name":"Arshia Hadidi"}