【环球财经】一周前瞻：美国6月非农数据揭晓

Market Overview - Global risk assets rebounded this week amid easing geopolitical tensions and rising expectations for a Federal Reserve rate cut, with the dollar under pressure and non-dollar currencies strengthening [1] - The S&P 500 index rose 3.44% this week, closing at 6173.07 points, surpassing its previous historical closing high from February 19 [1] - The Dow Jones Industrial Average increased by 3.82% to 43819.27 points, while the Nasdaq index gained 4.25% to 20273.46 points, also breaking its historical closing high from December 16, 2024 [1] U.S. Stock Performance - The "Magnificent Seven" tech stocks led the gains in the U.S. market, with Nvidia rising 9.66% to a market capitalization of $3.85 trillion [1] - Other notable tech stocks included META (+7.52%), Google A (+7.14%), Amazon (+6.49%), Microsoft (+3.88%), Tesla (+0.51%), and Apple (+0.04%) [1] European Market Performance - European stock markets mostly rose, with the STOXX 600 index up 1.32%, Germany's DAX 30 up 2.92%, France's CAC 40 up 1.34%, and the UK's FTSE 100 up 0.28% [1] Asia-Pacific Market Performance - The South Korean stock market rose 1.13% for the week, with a year-to-date increase of 27.36% [2] - The Nikkei 225 index surged 4.55%, surpassing 40,000 points for the first time since January 27 [2] - The Indian SENSEX 30 index increased by 2% over the week [2] Currency Market - The U.S. dollar index fell 1.52% to 97.26, marking five consecutive days of decline [2] - Non-dollar currencies rebounded, with the euro rising 1.7% against the dollar, the yen up approximately 1%, and the Swiss franc increasing by 2.3% [2] Commodity Market - Gold prices fell, with spot gold dropping below $3,330 per ounce, a two-week low, down 2.8% for the week [2] - WTI crude oil prices fell significantly, with a weekly decline of 11.88%, dropping below $66 per barrel [2] - Brent crude oil also saw a decline, with a weekly drop of 12.11%, closing at $66.34 per barrel [2] Employment Data Insights - The U.S. non-farm payrolls for May exceeded expectations, with an increase of 139,000 jobs, stabilizing the unemployment rate at 4.2% [4] - Analysts expect June's non-farm payrolls to slow to 120,000, with the unemployment rate projected to rise to 4.3% [4][5] - The job market indicators suggest potential downward trends, with leading indicators pointing towards a possible increase in unemployment rates in the coming years [5] U.S. Stock Market Outlook - The U.S. stock market has rebounded after a period of extreme risk aversion, with July historically being a strong month for stock performance [6] - The S&P 500's earnings per share growth is expected to follow the trend of overall corporate profits, with current EPS growth expectations at 7.5% [6] - However, the market's valuation remains high, with the current price-to-earnings ratio at levels seen in early March, indicating limited potential for further valuation increases [7]