This week, key earnings reports from Qnity Electronics, DuPont, Eli Lilly, and Honeywell Aerospace are anticipated, alongside crucial jobs market data that could influence Fed policy, particularly the July nonfarm payrolls report.
Investors are increasingly anticipating a Federal Reserve interest rate hike, with September odds at 82%, as Brent crude hits $100/barrel due to US-Iran tensions and US jobless claims drop to a 1969 low, bolstering inflation focus over labor market health.
Bitcoin surpassed $60,000 as weak US jobs data and a declining dollar fueled demand for the cryptocurrency. While oil prices stabilize, gasoline remains elevated, creating uncertainty for the Federal Reserve's next policy move.
U.S. Treasury yields saw minimal change as investors anticipate key jobs data later this week. Meanwhile, a fragile pause in hostilities between the U.S. and Iran over the Strait of Hormuz was monitored, leading to a rise in oil prices.
Bitcoin rebounds to $63.5k after a brief dip below $60k, ZEC surges 50% on Ironwood proposal, SpaceX prepares for a $75 billion IPO, and Congress advances 7 crypto tax bills.
Bitcoin's price is heavily influenced by upcoming US jobs reports, particularly the JOLTS survey and payrolls data. These figures will signal the Federal Reserve's monetary policy direction, affecting interest rates, dollar strength, and overall market liquidity.
Bitcoin traders called a "healthy bullish backtest" as BTC price action kept them guessing over whether $80,000 could be reclaimed.
Wall Street stocks surged on Friday, with the S&P 500 and Nasdaq nearing record highs, buoyed by stronger-than-expected US jobs data. Despite ongoing Middle East tensions and oil price concerns, positive corporate earnings from companies like Monster Beverage and Akamai Technologies also fueled the rally, indicating economic resilience.
Gold prices traded near one-month lows as traders awaited PMI data from major economies and US jobs market data. Retail prices at leading Indian jewellery brands remained unchanged on May 4, 2026, with 22k gold at Rs 13,875 per gram at Tanishq and Rs 13,835 at Joyalukkas, Kalyan, and Malabar. Analysts cited dollar strength and surging oil prices driven by US-Iran tensions as key bearish factors.
The S&P 500 maintains its rally driven by strong AI-related earnings. The coming week features key quarterly results from Eaton, DuPont, and Arm Holdings, while investors monitor U.S. labor market health through upcoming JOLTS and nonfarm payroll reports.
The UK labour market shows signs of fragility despite a surprise drop in unemployment to 4.9%. Weak wage growth and rising economic inactivity, coupled with geopolitical tensions in the Middle East, create a challenging environment for the Bank of England's interest rate policy.
