Sou Hu Cai Jing·2025-08-02 01:56Economic Indicators - The unemployment rate in the U.S. increased by 0.1 percentage points to 4.2% in July, with non-farm payrolls adding only 73,000 jobs, significantly below the expected 100,000 [1][5] - The job additions for May and June were also revised downwards, indicating a cooling labor market [5] Market Reactions - Following the employment data release, U.S. stock indices experienced significant declines, with the Dow Jones falling by 1.23%, S&P 500 down by 1.60%, and Nasdaq dropping by 2.24% [1] - The week saw the Dow Jones decline by 2.92%, marking its worst weekly performance since early April [1] Federal Reserve Expectations - The weak employment data has led to increased speculation regarding a potential interest rate cut by the Federal Reserve, with the likelihood of a cut in September rising from 40% to nearly 90% [7] Global Market Impact - European stock indices also fell, with the FTSE 100 down by 0.70%, CAC 40 down by 2.91%, and DAX down by 2.66% due to concerns over tariffs affecting global economic growth [9] Commodity Prices - International oil prices fell due to potential production increases by OPEC and its allies, with WTI crude oil futures dropping by 2.79% and Brent crude by 2.83% on the day [11][12] - Conversely, international gold prices rose by 1.53% to $3,399.80 per ounce, driven by increased market demand for safe-haven assets amid economic uncertainty, with a weekly increase of 1.92% [14]