Afternoon Briefing 04 Sep 2023: Oil Flat on OPEC+ Cuts

Asian Markets

This week, increased attention was placed on the data emerging from Australia and China, contributing to the advancements experienced by Asian shares.

European Markets.

European shares closed tending to rise as the US jobs report beat expectations.

US Pre-Open Markets

US markets closed mostly 100 points higher in early September, the best week since July.

Commodities

Oil was flat as US economic data and OPEC+ trimmed expectations.

U.S. Treasury Yield.

The 10-year Treasury yields rose as traders assessed new jobs data.

Major Currency Pairs

The dollar was steady as traders said the Fed was done raising interest rates.