Markets Mixed as Oil Falls Sharply, Tech Tries to Hold Up
Today’s Market Insights: Friday, 3.10.2025
📈 Market Mood:
Slightly bearish - oil weakness and global growth concerns weigh, though tech and safe havens hold some support.
🗓 Today’s Key Events:
15:00 London / 10:00 New York - U.S. ISM Services PMI (Sep) - big read on U.S. service sector strength.
Tenative (due to government shutdown) - U.S. Non-Farm Payrolls (Sep), Unemployment Rate, and Average Hourly Earnings - the single most important monthly labor market release, crucial for Fed expectations.
🌐 Market Moving News:
Oil slides after sharp weekly decline and ahead of OPEC+ meeting expected to raise output.
IMF warns of mixed global inflation outlook as tariffs bite and demand softens.
U.S. government shutdown drags on, delaying key data releases and raising growth risks.
Japan’s political shift under watch amid leadership vote, market jitters around fiscal and BOJ policy.
Asset Snapshots:
⚪ S&P 500: Neutral - modest gains in tech offset weakness elsewhere.
🟢USD (DXY): Bullish - dollar holding on to recent strength.
⚪ Gold: Neutral to weak - pulled back slightly as dollar rises.
🔴 Oil: Bearish - deep weekly losses, now under pressure.
⚪ Bitcoin: Neutral - holding gains but limited upside.
Bias Meter:
📉 Bearish - weakest links in oil and global growth are outweighing pockets of strength.
Price Action Notes:
Watch U.S. ISM Services PMI for directional cues.
Oil break below support ~ $60 WTI opens space to $55+.
Equity sectors: tech & defensives might outperform if growth names struggle.
Volatility Watch (VIX)
The VIX shows expected stock market volatility
~16–17 range - still hovering above recent lows, reflecting uncertainty
What’s the one move you’re watching today?
Trade smart and enjoy the ride.
Disclaimer:
This newsletter is for information only and not financial advice. Markets carry risk, and past performance does not guarantee future results. Always do your own research or consult a qualified advisor before making investment decisions.