European Stocks Rally Amid Unexpected US Job Losses

By EC Assets · Published 7 August 2026

European equities rose today. This rally occurred as an unexpected job loss in the U.S. reduced expectations for rapid interest rate hikes. The U.S. economy experienced an unexpected loss of 23,000 jobs in July. This development influenced market sentiment regarding future rate adjustments. U.S. rate futures now indicate a decreased probability of a September rate hike following the jobs data. Concurrently, gold prices continued their ascent. This rise occurred even after the July jobs report missed expectations. Silver also saw a continued surge as the jobs report disappointed. In other market movements, Japan’s yen surged after the U.S. jobs data was released. Traders are now alert to potential intervention risks in the currency market. Conversely, the Canadian economy added 75,100 jobs in July, exceeding analyst expectations. This article is intended for informational purposes only. It does not constitute investment advice.