"January 2024: U.S. Economy Adds 353K Jobs, Yields and Stocks Soar"

The US stock market surged after a stronger-than-expected jobs report, with non-farm payrolls rising by 353K, unemployment rate at 3.7%, and average yearly earnings exceeding expectations. This led to a rise in bond yields and the US dollar, while stocks soared, particularly driven by strong earnings from companies like Meta and Amazon. Additionally, crude oil prices fell amidst concerns about the Middle East cease-fire and retaliatory bombings by the US, while gold prices reacted to higher rates and a stronger USD. Upcoming events include an interview with Fed Chair Powell, RBA rate decision, and various economic data releases and earnings reports.