From Investing.com: 2025-05-05 03:37:00

US-China trade optimism boosts market sentiment but US funds still see outflows. Gold and precious metals experience net sales after 12 weeks of inflows. Fed expected to hold rates steady while UK rates may be cut. US Dollar Index poised for potential technical breakout above 100.00. Wall Street stocks rise on strong economic data and easing trade tensions, with US adding 177,000 jobs in April. Beijing considers talks on Trump’s tariffs. Investors pull money from US funds for third week in a row. European equity funds see largest weekly inflow since mid-March 2024. Asia funds receive $6.68 billion in investments. Gold and precious metals commodity funds experience first net sales in 12 weeks. Oil prices drop below $60 a barrel as OPEC+ meeting decides on production increase. US Dollar drops but regains ground against Euro and Pound after job data. Fed rate cut expectations decrease to 35.6% for June. Focus shifts to US and UK data in upcoming week with tariff developments monitored closely. China’s trade data to reveal impact of rising tariffs. Fed expected to keep rates unchanged despite pressure from President. Eurozone PMI risk contraction, UK likely to cut rates by 25 basis points. US Dollar Index set to close above 100.00 level, with resistance at 100.617 and potential upside towards 102.16. Support at 99.57 and 99.00, with recent lows around 97.90.



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