Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike 
Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten 
BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks 
Oil Prices Ease in Asia as Geopolitical Risks Clash With Weak Demand Outlook 
BOJ Governor Signals Gradual Rate Hikes as Japan’s Inflation Nears 2% Target 
Gold Prices Surge to Record Highs as Geopolitical Tensions Fuel Safe-Haven Demand 
Yen Stabilizes Near Lows as Japan Signals Readiness to Intervene Amid Dollar Weakness 
Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally 
Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs 
China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries 
Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched 
Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week 
U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session 
Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization 
UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs 
Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment 
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility 
EUR/GBP chart - Trading View
According to data released by the Office of National Statistics, UK unemployment rate fell 0.3 percent in the last quarter as businesses continued on a hiring spree.
UK the unemployment rate now stands at 4.6 percent, in line with forecasts, after a record 241,000 employees were added to payrolls last month.
Average Earnings excluding bonuses beat estimates with an increase of 8.3% YoY. Jobless claims fell by 58,600 in August, below expectations.
The unemployment rate has fallen for 7 months in a row and the number of employees on payrolls is back above pre-pandemic levels.
UK employment figures are likely to support the BOE hawks. GBP/USD posts minor gains after UK jobs data.
Traders will however remain wary ahead of the crucial US CPI data for a clearer view before pushing the pair higher in reaction to the British jobs data.
Chancellor of the Exchequer, Rishi Sunak said: “Today’s statistics show that our Plan for Jobs is working. As we continue to recover from the pandemic, our focus remains on creating opportunities and supporting people’s jobs.”
Market Reaction:
GBP/USD trades 0.09% higher on the day at 1.3850 at 06:45 GMT
EUR/GBP largely unchanged at 0.8529 at the time of writing.
