Markets have started the new week in a calm manner and the US Dollar manages to stay resilient against its major rivals after having registered impressive gains on the back of the impressive January jobs report on Friday. holds at fresh multi-week highs near 103.00 and the benchmark 10-year US Treasury bond yield stays in positive territory at around 3.55%. US stock index futures are down between 0.3% and 0.6% in the European morning, reflecting a cautious market tone.
The data published by the US Bureau of Labor Statistics revealed on Friday that Nonfarm Payrolls in the US rose by 571,000 in January, surpassing the market expectation of 185,000 by a wide margin. Although the annual wage inflation, as measured by the Average Hourly Earnings, declined to 4.4% in January, December's reading of 4.6% got revised higher to 4.9%.
. Commenting on the report, “I have not heard anything about nomination of Amamiya as BoJ Governor,” said Japan's Finance Minister Shunichi Suzuki.price lost more than 4% in the second half of the previous week. XAU/USD tries to stage a recovery early Monday and was last seen trading above $1,875, rising more than 0.5% on a daily basis.extended its downward correction over the weekend and continued to push lower early Monday.