The disappointing release of June US non-farm payroll which has hurt the investors risk appetite strongly last week is still putting pressure on the US indices future and the European stocks in the beginning of this week. S&P 500 could not close above 900 this time and Dow has lost 233 heading lower to complete the third consecutive week of loses since it has started its rebound on the 9th of Last March when it reached this year low at 6469. There is a strong technical pressure on the equities market to continue the declines of the recent 3 weeks this week too. June Non-farm payroll has shown losing of further 467k and an increasing of the unemployment to 9.5% by a long weekend in US because of the independence day.

The disappointing release of June US non-farm pay roll has hurt the investors risk appetite strongly today causing a sell off in the equities markets as the data have shown adding 467k lost jobs out of the farming sectors and an increasing of the unemployment to 9.5% in June. It looks that the recovery is really halting and unreliable and the current economic situation can exacerbate. The unexpected huge amount of lost jobs because of this credit crisis show that the business confidence is still at a very low level and the pace of contraction can increase again and the demand is still weaker than spurring a growth. These new loses of the labor market can lead to a cautiousness of the consumers' spending which can dampen this sluggish demand which should bring growth again. S&P 500 could not close above 900 this time and Dow has lost 233 heading lower to complete the third consecutive week of loses since it has started its rebound on the 9th of Last March when it reached this year low at 6469 as today is off because of the US independence day.

The US equities markets have opened up today putting pressure on the greenback but these stocks gains could not hold as the disappointing release of June US consumers confidence survey is still in the investors' minds and is not out of the current market sentiment affecting negatively on the risk appetite. Dow could just keep 57 points of gains at its closing.

US June ADP employment came worse than the market expectations of -411k at -473k which increased the market readiness of further lost jobs to be shown today with the release of June US non-farm payrolls which are expected to be -368k jobs with an increasing of the US unemployment to 9.6% but we have seen today too an improving of May US ISM manufacturing index to 44.8 from 42.8 and it was expected to be 44 and as we have mentioned in the recent analysis, the market has focused on the price paid index which came at 50 to push the gold up as the increased inflation pressure in the manufacturing sector in May as the market was waiting for just an increasing to 46.7.

The Greenback is still holding its gains across the broad after the disappointing release of June US consumers confidence survey could contain the market sentiment effecting negatively on the risk appetite. The figure came at just 49.3 and it was expected to get better to 57 after May jump to 54.9 from 44 in April which fueled the market optimism in the beginning of June but the collapse of June. Dow closed at 8447 losing 82 points after gaining in its first session this week by 1.08% after 2 consecutive weeks of losing after reaching this year high at 8875 on 11st of last month from the index low on 9th of last March when it reached 6469. By god's will, the market is expected to focus today on the release of US manufacturing index of June which is expected to be 44 from 42.8 in May.