Gold prices fell on Monday as the dollar firmed after the U.S –

USA: Dow Jones futures were little changed Friday morning, along with S&P 500 futures and Nasdaq futures. All eyes turn to the March jobs report Friday morning, but U.S. stock markets will be closed.

Asia; Asia-Pacific markets fell on Thursday as Wall Street digested the latest ADP private payrolls report, which showed slowing job growth in March. India: India stocks were higher after the close on Wednesday, as gains in the Capital Goods, Fast Moving Consumer Goods and IT sectors led shares higher. At the close in NSE, the Nifty 50 rose 0.91%, while the BSE Sensex 30 index gained 0.99%. Market is expected to open on a flattish note and likely to witness sideways move during the day.

Global Economy:The U.S. economy continued to churn out jobs at a brisk pace in March, pushing the unemployment rate down to 3.5%, signs of persistent labor market tightness that could see the Federal Reserve hiking interest rates again next month. Nonfarm payrolls increased by 236,000 jobs last month. Russia's federal budget balance sank to a deficit of 2.4 trillion roubles ($29 billion) in the first quarter of the year as Moscow spent heavily and energy revenues fell. In the same quarter of 2022 Russia posted a surplus of 1.13 trillion roubles, but since then significant outlays to support its military campaign in Ukraine and a wall of Western sanctions on its oil and gas exports have hit government coffers. Japan's real wages fell in February for an eleventh month, although the rate of the decrease slowed thanks to government energy subsidies aimed at curbing consumer inflation. Inflationadjusted real wages, a gauge of households' purchasing power, dropped by 2.6% in February from a year earlier, following a 4.1% fall in January that marked the fastest decline in nearly nine years.

Commodities:Gold prices fell on Monday as the dollar firmed after the U.S. non-farm payrolls report pointed to a tight labour market and raised the odds of another rate hike by the Federal Reserve at its May policy meeting. Oil prices nudged higher in early Asian trade on Monday, supported by the prospect of tighter supplies from OPEC+ producers from May, but concerns about the global economic outlook capped gains

Currency;The yen sank against major peers on Monday after U.S. payrolls data bolstered the case for further Federal Reserve rate hikes, highlighting a growing disparity with Japan where the central bank continues to pin the benchmark yield near zero.


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