The Australian Dollar advanced 1.3% against its US counterpart by 11:05 GMT on the London Stock Exchange on Tuesday, trading around $0.7630 ahead of the North American session, as the NAB Business Confidence Index increased to 6 in June from May's 3, while the NAB Business Conditions Index rose from 10 to 12 in the reported month.
West Texas Intermediate futures rose 2.88%, trading at $46.05 per barrel, whereas Brent futures increased 3.16%, trading at $47.71 per barrel by 11:20 GMT on Tuesday. Meanwhile, gold prices dropped 0.46% to trade at $1,350.30 per troy ounce, whereas silver prices advanced 0.30% to trade at $20.365 per ounce.
The US labour market conditions index came in at -1.9 in June, surpassing the previous month's reading of -4.8, whereas market analysts anticipated an increase to 0.0 in the reported month, fresh figures from the Federal Reserve showed on Monday. The index remained in the negative territory since December 2015.
West Texas Intermediate futures rose 0.24% to trade at $45.52 per barrel, whereas Brent futures advanced 0.26% to trade at $46.88 per barrel by 14:00 GMT on the New York Stock Exchange on Monday. Meanwhile, gold prices grew 0.03%, trading at $1,358.80 per troy ounce, and silver prices jumped 1.52%, trading at $20.405 per ounce.
Wall Street opened Monday's trading session in the green, after US non-farm payrolls jumped more than expected last week. At the session start, the Standard & Poor's 500 Index rose 0.20% to 2,134.09, whereas the Dow Jones Industrial Average Index added 0.19% to open at 18,181.94, and the Nasdaq Composite Index advanced 0.40% to start at 4,976.87 points.
West Texas Intermediate traded 0.89% higher at $45.54 per barrel, whereas Brent futures traded 0.93$ higher at $46.83 per barrel by 14:15 GMT on the New York Stock Exchange on Friday. Meanwhile, gold prices dropped 0.51%, trading at $1,355.20 per troy ounce, and silver prices fall 0.04%, trading at $19.83 per ounce.
Wall Street opened Friday's trading session higher, as US companies added 287,000 new jobs last moth. The Standard & Poor's 500 Index jumped 0.68%, opening at 2,113.40, whereas the Dow Jones Industrial Average Index gained 0.72%, starting at 18,023.91, and the Nasdaq Composite Index rose 0.59% to open at 4,904.35 points.
US companies created 267,000 new jobs in June, following the previous month's reading of 38,000 and surpassing the 180,000 market. Furthermore, the country's unemployment rate came in at 4.9% in the reported month, compared to May's 4.7%, whereas analysts expected to see an increase to 4.8%.
The Canadian unemployment rate declined to 6.8% in the sixth month of the year, whereas analysts anticipated a rise to 7.0% in June from 6.9% seen in the previous month. In the meantime, the net change in employment dropped by 700 employees in the reported month, Statistics Canada said on Friday.
According to fresh figures released on Thursday, Canada's Ivey Purchasing Managers' Index jumped to 51.7 in sixth month of the year, after dropping to 49.4 points in May, its lowest level since April last year, whereas market analysts expected to see a slight increase to 51.0 points in the reported month.
The Department of Labor said on Thursday that the number of Americans filing for unemployment aid in the week ended July 7 dropped to 254,000, following the previous week's upwardly revised reading of 270,000, while analysts anticipated a slight decrease to 269,000 claims in the reported week.
Fresh figures from the Department of Labor showed on Thursday that private companies in the United States added 172,000 jobs in the sixth month of the year, following the May's reading of 173,000, whereas market analysts predicted private businesses to create 160,000 new jobs in the reported month.
UK manufacturing production contracted 0.5% month-over-month in May, after jumping 2.3% in April. Nevertheless, analysts anticipated a deeper contraction of 1.2%. On an annual basis, the indicator came in at 1.7% in the reported month, surpassing the 0.6% market forecast. Meanwhile, the country's overall industrial production dropped 0.5% on a monthly basis in May, following April's 2.1% and the 1.0%
West Texas Intermediate futures traded at $46.60 per barrel, unchanged from yesterday, whereas Brent futures dropped 0.25% to trade at $47.84 per barrel by 14:20 GMT on the New York Stock Exchange on Wednesday. Meanwhile, gold prices jumped 0.63%, trading at $1,367.30 per troy ounce, and silver prices rose 0.67%, trading at $20.04 per ounce.
The Institute for Supply Management's Purchasing Managers' Index for the non-manufacturing sector rose to 56.5 in June, following the 52.9 reading seen in the previous month, its lowest result since March 2014, whereas market analysts anticipated a meagre increase to 53.3 points in the reported month.
The US services sector continued its growth in the sixth month of the year, fresh data from Markit Economics revealed on Wednesday. The final Markit services Purchasing Managers' Index for the United States rose to 51.4 in June, whereas market analysts expected the country's services PMI to remain unchanged from the previous month's reading of 51.3 points.
According to fresh figures released by the US Census Bureau on Wednesday, the country's trade deficit widened to $41.1 billion in the fifth month of the year, following the $37.4 billion-gap see in the previous month, whereas market analysts expected the trade deficit to expand to $40.0 billion in the reported month.
Canada's trade balance increased less than expected in May, fresh figures from Statistics Canada showed on Wednesday. The country's trade balance rose to -$3.28 billion on a seasonally adjusted basis, whereas analysts anticipated the Canadian trade balance to increase to -$2.68 billion in May from April's -$2.94 billion.
West Texas Intermediate futures traded 2.98% lower at $47.53 per barrel, whereas Brent futures traded 2.69% lower at $48.75 per barrel by 12:20 GMT on the London Stock Exchange on Tuesday. Meanwhile, gold prices rose 0.83% to trade at $1,350.10 per troy ounce, and silver prices grew 1.34% to trade at $19.85 per ounce.
The final Markit services Purchasing Managers' Index for the Euro zone rose to 52.8 from the preliminary reading of 52.4, following the previous month's 53.3. Meanwhile, the final Eurozone composite PMI increased to 53.1, surpassing the preliminary reading of 52.8 but falling behind the 53.1 seen last month.
Fresh figures from Eurostat showed that Euro zone retail sales grew 0.4% on a seasonally adjusted month-over-month basis in May, meeting analysts' expectations and surpassing the 0.0% growth rate seen in the previous month. On an annual seasonally adjusted basis, retail sales rose 1.6% compared to April's 1.4%, whereas analysts anticipated an increase to 1.7%.
The final Markit services Purchasing Managers' Index for Germany rose to 53.7 in June, compared to the 53.2 preliminary reading but missing the previous month's 55.2. In the meantime, the country's final composite PMI increased to 54.4 in June from the preliminary reading of 54.1, following last month's 54.5 points.
The final Markit services Purchasing Managers' Index for the United Kingdom dropped to 52.3 in the sixth month of the year, following the 53.5 reading seen in May, according to fresh figures released on Tuesday. In the meantime, market analysts expected to see a decline to 52.8 points in June.
West Texas Intermediate futures traded 0.12% lower at $48.93 per barrel, whereas Brent futures traded 0.18% lower at $50.26 by 14:20 GMT on Monday, In the meantime, gold prices advanced 1.10% to trade at $1,353.70 per troy ounce, whereas silver prices jumped 4.60% to trade at $20.49 per ounce.