Economic and fundamental developments 03-02-2022

3 Feb 2022 10:33 AM

US stock indices rose despite the weak data from the US private jobs sector yesterday. The positive corporate earnings from the US technology sector eased concerns regarding these poor readings.
Several Asian stock indices fell during Thursday's trading session, with traders fearing monetary policy tightening at several central banks, including the US Federal Reserve, over the coming months.
WTI prices fell after touching their highest levels in seven years, above $89 a barrel. The decline came after OPEC + announced that it would continue its current plans of gradually increasing production by 400,000 barrels per month.
The dollar rose against a basket of major currencies today after four sessions of declines affecting gold prices. Nonetheless, the precious metal is still trading above the $1800 mark as geopolitical tension persisted between Russia and Ukraine.

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