Nyheter
Markets Turn Focus on US Jobs Data this Week
ETFS Multi-Asset Weekly Markets Turn Focus on US Jobs Data this Week
Highlights
Carbon rallies on hopes of reform to emissions trading scheme.
European stocks advance following the launch of QE.
US jobs in focus for USD after GDP disappoints.
The Federal Reserve Open Market Committee sent a mixed message, acknowledging the softness in prices while pointing to strength in economic expansion and jobs. US Dollar appreciated, focusing on the implications of economic strengthening on the likelihood of a rate rise. The optimism in economic activity may sit at odds with the slightly disappointing GDP figures released later last week and this week’s jobs numbers could drive a reversal in Dollar strength if they prove to be disappointing.
Commodities
Carbon rallies on hopes of reform to emissions trading scheme. Carbon rose 4.1% after proposals to amend the EU carbon trading scheme were rejected by the European parliament. The failure of the reforms creates an opportunity for the implementation of more ambitious changes which would take affect sooner relieving the current glut of carbon credits. In the agricultural space the price of soybean oil plunged 7.6% as US regulators approved a request for Argentinian biofuel makers to export to the US market. This created fears that the US market would be awash with supply from its South American counterparts. During the week, exchange traded sugar prices fell 6.7% following signals that Indian authorities would launch a production subsidy for raw sugar. The subsidy would make it economically viable for sugar mills in India to begin exporting onto global markets before international competitors like Brazil and Thailand begin to do so later in the year.
Equities
European stocks advance following the launch of QE. European stocks ended the week higher after experiencing higher volatility. European stock markets remain buoyed by the ECB announcement of QE but face uncertainty over developments in Greece and the approach of the newly elected left-wing Syriza government to international debt negotiations. The result was that the EURO STOXX 50® Investable Volatility Index increased by 3.3% during the week. Elsewhere, the Federal Open Market Committee (FOMC) signaled, after its first meeting, that it is still on track to raise short term interest rates this year recognizing the solid pace of economic growth in the US. The prospect of higher US rates caused the gold price to drop 2.1% and in turn the DAXglobal® Gold Miners Index to fall 4%.
Currencies
US jobs in focus for USD after GDP disappoints. With the US Dollar continuing its surge higher against most major currencies last week, the risk of a correction increases, especially if the underlying economic data disappoints. The Fed broadly maintained its guidance about monetary policy, but if the weakening global situation begins to have a bigger impact on the domestic US economy, that could all change quickly. To that end, the key releases for the USD this week are ISM manufacturing index and the jobs data on Friday and if they disappoint as the Q4 GDP data did then there is likely to be a negative reaction from the USD. Markets will likely push back expectations for a rate hike, which is priced in for September currently. Both the Reserve Bank of Australia and Bank of England rate decisions are likely to take somewhat of a back seat to US economic releases, with the BOE expected to keep policy unchanged. Meanwhile the risk for the AUD is a rate cut as the economic recovery remains sluggish. Currently markets are indicating a 65% chance of a cut.
Important Information
This communication has been issued and approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by ETF Securities (UK) Limited (”ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (”FCA”).
Bitcoin’s record-breaking rally and resilient investor base reveal a maturing market. Despite brief drawdowns, over 90% of holders remain in profit, and institutional inflows continue to absorb volatility. With downside risk compressing, even a modest Bitcoin allocation will meaningfully boost portfolio efficiency across cycles.
Why is retail finance booming on Solana?
Solana’s low fees and lightning-fast transactions are powering real-world payments. With $16 billion worth of stablecoins traded on the network, Solana is bridging crypto and commerce, driving retail adoption at an unprecedented scale. This is exactly why legacy companies like Shopify and PayPal have chosen to integrate the blockchain into their businesses.
Why did Ethena’s stablecoin remain stable onchain but depegged on Binance?
On October 10, Ethena’s USDe saw a sharp depeg on Binance’s centralized exchange, plunging to $0.65, while staying stable across all decentralized finance platforms. The cause wasn’t a protocol flaw but thin centralized liquidity. The incident highlights how decentralized systems can better withstand volatility, offering transparency and resilience during market stress.
Research Newsletter
Each week the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com
Disclaimer
The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.
33GI ETF köper bara eurodenominerade företagsobligationer som förfaller 2033
Tre nya börshandlade fonder från Xtrackers
Bitcoin within 15% of its all-time high: Should you still allocate?
HANetfs Hector McNeil förklarar hur ETFer genererar hög avkastning med covered calls
JPEY ETF högavkastande företagsobligationer vautasäkrade till Euro
De bästa lågvolatilitets ETFer på marknaden
Fokus mot en helt ny börshandlad produkt i september 2025
M5TYs senaste utdelningstakt (55 %) belyser covered call-strategins inkomstpotential
Could Bitcoin be the key to your dream house?
Börshandlade fonder för europeiska small caps
-
Nyheter4 veckor sedanDe bästa lågvolatilitets ETFer på marknaden
-
Nyheter3 veckor sedanFokus mot en helt ny börshandlad produkt i september 2025
-
Nyheter4 veckor sedanM5TYs senaste utdelningstakt (55 %) belyser covered call-strategins inkomstpotential
-
Nyheter4 veckor sedanCould Bitcoin be the key to your dream house?
-
Nyheter3 veckor sedanBörshandlade fonder för europeiska small caps
-
Nyheter2 veckor sedanLevler noterar ytterligare fyra börshandlade fonder i Sverige
-
Nyheter4 veckor sedanThe Investment Case for TLT (Long-Dated Treasury Bonds)
-
Nyheter3 veckor sedanMiners Find Their Mojo as Gold Consolidates
