Markets Hold Defensive Tone (06.09.2026)
The 10-year US Treasury yield held near 4.57%, close to a two-week high, as strong labor-market data reinforced expectations of a Federal Reserve rate hike later this year. While rates are expected to remain unchanged at the upcoming meeting, inflation data later this week will be closely watched. Easing tensions between Iran and Israel also helped reduce oil prices and inflation concerns.
The dollar index slipped below 100, pulling back from a nine-week high as demand for safe-haven assets eased. However, strong US employment data continued to support expectations of tighter Fed policy. Attention now turns to US inflation figures and this week's ECB rate decision.
US stock futures edged lower after technology shares drove gains at the start of the week. Semiconductor stocks helped the S&P 500 and Nasdaq recover part of their recent losses, while upcoming earnings releases and inflation reports remain the main focus for markets.
The 10-year US Treasury yield held near 4.57%, close to a two-week high, as strong labor-market data reinforced expectations of a Federal Reserve rate hike later this year. While rates are expected to remain unchanged at the upcoming meeting, inflation data later this week will be closely watched. Easing tensions between Iran and Israel also helped reduce oil prices and inflation concerns.
The dollar index slipped below 100, pulling back from a nine-week high as demand for safe-haven assets eased. However, strong US employment data continued to support expectations of tighter Fed policy. Attention now turns to US inflation figures and this week's ECB rate decision.
US stock futures edged lower after technology shares drove gains at the start of the week. Semiconductor stocks helped the S&P 500 and Nasdaq recover part of their recent losses, while upcoming earnings releases and inflation reports remain the main focus for markets.
- The euro stayed just above $1.15, close to its lowest level since early April.
- The Japanese yen weakened beyond 160 per dollar, a threshold frequently triggering official currency intervention.
- The British pound stabilized around $1.33, matching its lowest point since mid-May.
- The offshore yuan edged up toward 6.78 per dollar, recovering part of last week's decline.
- Gold remained above $4,300 after the pause in hostilities between Iran and Israel.
- Silver stabilized above $67 on Tuesday, alleviating fears of an expanded conflict and cooling energy-driven inflation anxieties.
- Brent crude fell toward $93 per barrel as the halt in attacks Israel reduced immediate supply concerns.
- The NAS100 traded in the 29,400–29,600 range as semiconductor stocks stabilized.
- Bitcoin is currently consolidating around $62,600-$63,500 after briefly dipping below the key $60,000.
Technical Outlook on Charts
EUR/USD Holds Above $1.15
Gold Holds Near Support
Yen Hovers Past 160
Pound Near May Lows
Silver Holds Multi-Month Lows
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