Markets News
The Bureau of Labor Statistics officially announced the delay in Friday's non-farm payrolls release, causing massive volatility in gold and silver and extending the downward trend!
· U.S. manufacturing returns to expansion after one year. Data shows that the ISM Manufacturing PMI rebounded to 52.6 last month, marking the first time it has exceeded 50 in 12 months and the highest level since August 2022, after having been in contraction for 10 consecutive months. This news is bullish for the U.S. dollar and U.S. stocks. · It is reported that the Iranian president has ordered the opening of special negotiations with the United States on nuclear issues. The U.S. special envoy and the Iranian foreign minister will meet in Turkey on the 6th. This news is bearish for crude oil. · SpaceX issued a statement announcing the acquisition of xAI, an artificial intelligence company also owned by Musk. xAI also issued a statement confirming that it has "joined SpaceX." This news is positive for Tesla.
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