Market Snapshot, 10 August 2026

Global markets are rallying on August 10, 2026, after weak U.S. jobs data eased Federal Reserve rate hike fears. Equities across the U.S., Europe, and Asia hit record or multi-month highs, while commodities showed mixed moves with oil edging up and gold surging. The dollar weakened broadly, supporting risk appetite worldwide.

📊 Equity Markets

• United States
  • S&P 500: 7,757.64 (+0.62%)
  • Dow Jones: 54,036.93 (+0.28%)
  • Nasdaq: 26,690.62 (+1.30%)
  • Tech led gains: Tesla +2.83%, Nvidia +2.27%; Alphabet slipped (-0.96%).
• Europe
  • Euro STOXX 50: 6,535 (+0.16%)
  • STOXX Europe 600: 660.25 (+0.31%)
  • Strong performance in SAP (+4.1%), Infineon (+3%), Siemens (+2.5%).
• Asia
  • Nikkei 225 (Japan): 65,606 (+2%)
  • KOSPI (South Korea): +1.1% after seven weekly declines
  • CSI 300 (China): -0.4% on weak inflation data
  • Sensex (India): 78,501 (flat); Nifty 50: 24,581 (+0.04%)

💱 Forex

• Dollar Index (DXY): 99.54 (2-month low)
• EUR/USD: 1.1559 (+0.3%)
• GBP/USD: 1.3491 (+0.5%)
• USD/JPY: 157.76 (-0.4%, yen stronger)
• AUD/USD: 0.7067 (+0.5%)

🛢️ Commodities

• Oil:
  • WTI: $78.18 (+1.15% daily, -7.7% weekly)
  • Brent: $83.55 (+1.28% daily, -5% weekly)
  • Prices supported by Strait of Hormuz tensions and attacks on Saudi Aramco’s Jazan refinery.
• Gold: $4,340/oz (+2.4% daily, +7% weekly)
• Silver: $63.45/oz (+3.1% daily, +10% weekly)
• Copper: $14,076/MT (slightly lower after recent highs)

🌍 Macro & Geopolitics

• U.S. Jobs Report: Payrolls fell 23,000 in July, unemployment eased to 4.1% due to lower participation. This reset Fed hike expectations; futures now price only ~44% chance of a September hike.
• Middle East: Iran insists Strait of Hormuz will remain blocked until U.S. meets conditions; Saudi Aramco refinery attacked again, raising energy security risks.
• China: July CPI slowed to 0.5% y/y, PPI at 3.5% y/y; weak domestic demand remains a concern.

📈 Key Takeaways for Traders

• Equities: Risk-on sentiment dominates; tech and AI-related stocks are leading globally.
• FX: Dollar weakness is boosting G10 currencies; yen volatility remains a risk due to possible BOJ intervention.
• Commodities: Gold is enjoying its best week since January; oil remains volatile due to Gulf tensions.
• Outlook: All eyes on U.S. CPI (Aug 12) — a stronger print could reignite Fed hike speculation and reverse current risk appetite.