Markets optimistic ahead of the U. S. Payroll Data

Market attention now shifts to the U. S. Nonfarm Payroll data. U. S. Fed Chief Jerome Powell has said that a good employment report could be enough to convince him on tapering.

Markets are in a better mood on Thursday, amid news that U. S. Senate’s deal on extending the debt ceiling by $408 billion till early December.

Optimism prevails as gas prices declined in Europe, taking off some investor’s concerns regarding supply after Putin said to be thinking about a carefully possible increase in gas supplies.

Crude oil prices fell, but finished the day with substantial gains, with WTI trading at around $78.80 per barrel at the end of the day.

Gold traded with a softer tone as a reaction to dominant risk appetite, although given the decreased dollar’s demand, gold held within familiar levels. Spot gold settled at around $1,756 an ounce.