Appetite limited into US jobs data, potential US shutdown [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Markets kicked off the week with cautious gains, brushing aside Donald Trump’s renewed tariff threats and looming US government shutdown risks. The S&P 500 and Nasdaq hover just below record highs, while Treasury yields slip as investors seek safety. But the real worry among investors is that a shutdown could delay critical US data releases, muddying the Fed’s policy outlook and tempting traders to take profits.

Meanwhile in Asia, Chinese stocks rally on upbeat PMI data and Beijing’s $70bn growth push, with foreign investors tiptoeing back into tech giants like Alibaba. Gold surged to record highs as investors chase safe-havens, silver eyes $50, and copper jumps on supply shocks at Freeport’s Grasberg mine. Crude oil, however, struggles to break out as OPEC hints at more supply.

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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