Economic and fundamental developments 01-04-2022

1 Apr 2022 11:53 AM

The euro tumbled on Thursday as investors fretted about rising EU/Russia economic tensions after Russian President Vladimir Putin doubled down on a demand that European nations pay for Russian gas in roubles,
U.S stocks edged lower on the last day of the first quarter and month, falling for the second consecutive session amid cautious sentiment after the Federal Reserve's preferred inflation measure rose to the highest level since 1983.
Gold and silver are seeing an increase in demand due to the renewed bout of nervousness in stock markets.
Today the markets will be eyeing the NFP report as future Fed rate hikes depend highly on a strong labor market. Consensus expectations suggest that the U.S. economy created 492,000 jobs in March and that the unemployment rate fell a tenth of a percent to 3.7%, the lowest level in more than two years.

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