Global shares rise after weak US jobs reports - 6.11.2023

The Dollar weakening is intact 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, ended 0.8 % lower on Friday.

Both EUR/USD and GBP/USD accelerated their advancing on Friday. Both euro and Pound are higher against the Dollar currently. USD/JPY accelerated its sliding on Friday and AUD/USD accelerated its climbing with both the yen and the Australian dollar lower against the Greenback currently.

US stocks indexes futures are up currently after extending gains on Friday. The three main US stock benchmarks recorded daily gains in the range from 0.7% to 1.4% on Friday as Bureau of Labor Statistics reported smaller than expected increase in nonfarm payrolls in October while data for the last moth were revised lower.

European stock indexes futures are higher currently after closing marginally higher on Friday led by retail stocks. Asian stock indexes futures are mostly up today with Japan's Nikkei defying regional trend while data showed the country’s services sector grew more than expected in October.

Brent is rebounding currently as top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of the year. Oil prices fell over 2% on Friday as data from energy services firm Baker Hughes showed the number of active US oil and natural gas rigs fell by 8 to 496 last week, their lowest since January 2022. The US oil benchmark West Texas Intermediate (WTI) lost 2.4% but is higher currently. Brent fell 2.3% to $84.89 a barrel on Friday.