Gold, oil extend gains on Qatari attack, US data in focus

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US jobs are worse than they seem, and the Federal Reserve (Fed) may have already fallen behind the curve. But will this trigger bigger or faster rate cuts? It depends on inflation. US August PPI is out today, and tomorrow we get CPI – the numbers will set the tone for US rates, the dollar and equities.
Elsewhere, tech stocks are in focus with Apple slipping post-iPhone reveal and Nebius jumping 50% on a $17.4B Microsoft AI deal. CoreWeave, Nvidia, Broadcom and Oracle also see big moves. Meanwhile, French markets shrug off another PM change, but bond spreads and Fitch’s upcoming review keep traders alert.
Gold, oil and commodities ride political uncertainties and geopolitical tension. Real assets are in demand while sovereign debt wobbles. FTSE 100 benefits from rising energy and commodity demand.
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