Markets pause after US stocks end at records on solid US jobs data - 5.7.2021

The Dollar strengthening has resumed currently. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, fell 0.3% on Friday after Bureau of Labor Statistics report unemployment rate rose to 5.9% in June from 5.8% in May when an decline to 5.6% was forecast.

Both GBP/USD and EUR/USD reversed their sliding Friday while Eurostat reported euro-zone producer prices rose 9.6% year-on-year in May. Both pairs are lower currently. USD/JPY reversed its climbing Friday while AUD/USD reversed its retreating with both yen and the Australian dollar lower against the Greenback currently.

Futures on US equity benchmarks are down currently with US markets closed for the extended 4th of July weekend. The three main US stock benchmarks recorded daily gains ranging from 0.4% to 0.8% Friday after the Labor Department reported the US economy added a higher than expected 850,000 jobs in June.

European stock indexes are down currently after ending mixed on Friday with travel and leisure stocks leading gains. Asian indexes are mixed today with Nikkei index leading losses currently while data showed Japan's services sector activity shrank for the 17th straight month in June.