Softer labor data eased near-term Fed concerns, but financial conditions remained challenging.

U.S. employment data came in weaker than expected, reducing expectations for an October rate hike. At the same time, long-term Treasury yields remained near multi-decade highs, while fiscal concerns in France added pressure to European bond markets.

Technology remained a relative bright spot. Strong AI-related earnings continued to support the sector, with the Nasdaq 100 closing the week at a record high, even as the broader market faced pressure from elevated rates.

In this week’s Aurea Global Weekly Market Report, we look at how these forces are shaping the investment environment.