{"id":88653,"date":"2026-08-03T19:25:43","date_gmt":"2026-08-03T09:25:43","guid":{"rendered":"https:\/\/ic.com\/blog\/?p=88653"},"modified":"2026-08-03T19:25:44","modified_gmt":"2026-08-03T09:25:44","slug":"monday-3rd-august-2026-u-s-futures-rise-ahead-of-jobs-data-alibaba-jumps-on-ai-launch","status":"publish","type":"post","link":"https:\/\/ic.com\/blog\/monday-3rd-august-2026-u-s-futures-rise-ahead-of-jobs-data-alibaba-jumps-on-ai-launch\/","title":{"rendered":"Monday 3rd August 2026: U.S. futures rise ahead of jobs data; Alibaba jumps on AI launch"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 1.16%, Shanghai Composite down 0.59% Hang Seng down 0.01% ASX down 0.14%<\/li>\n\n\n\n<li>Commodities : Gold at $4,121.67 (0.36%) Silver at $58.415 (1.09%), Brent Oil at 83.48 (-5.06%), WTI Oil at 79.77 (-5.97%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.697, UK 10-year yield at 5.0496, Germany 10-year yield at 3.2036<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) GDP m\/m&nbsp; 0.3%&nbsp; to 0.2%&nbsp; expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>U.S. stock futures moved higher on Sunday as investors prepared for a busy week featuring the July employment report and another round of corporate earnings. Dow Jones futures gained 0.4%, while S&amp;P 500 and Nasdaq-100 futures rose 0.5% and 0.8%, respectively.<\/p>\n\n\n\n<p>Asian markets traded lower, with Japan\u2019s Nikkei 225 and Topix falling more than 1%. South Korea\u2019s Kospi dropped 4.6% at the open, while Australia\u2019s S&amp;P\/ASX 200 also slipped.<\/p>\n\n\n\n<p>Oil prices declined after President Donald Trump said he had canceled a planned strike on Iran, easing concerns over potential supply disruptions. Brent crude fell to $84.41 a barrel, while West Texas Intermediate dropped to $81.18.<\/p>\n\n\n\n<p>Wall Street ended Friday on a strong note, with the Dow, S&amp;P 500 and Nasdaq posting gains and finishing near record highs. However, investors are questioning whether the rally can continue, despite solid Big Tech earnings. Analysts note growing concerns over rising AI-related capital spending, with markets seeking clearer evidence that heavy investments will translate into stronger profits.<\/p>\n\n\n\n<p>This week\u2019s earnings calendar includes McDonald\u2019s, Kraft Heinz, Costco, Walt Disney, Palantir and Advanced Micro Devices. Investors will also closely monitor U.S. labor market data, with economists expecting July nonfarm payrolls to increase by 87,500 and the unemployment rate to edge up to 4.3%.<\/p>\n\n\n\n<p>Meanwhile, Alibaba surged 6% after unveiling its flagship AI model, Qwen3.8-Max, with open-weight access scheduled for release next week.<\/p>\n\n\n\n<h3>Upcoming Events:<br \/><\/h3>\n\n\n\n<ul>\n<li>2:00 PM GMT &#8211; USD&nbsp; ISM Manufacturing PMI<\/li>\n<\/ul>\n\n\n\n<p><strong>Risk Warning:<\/strong>&nbsp;Trading in securities involves significant risk. Prices may fluctuate and securities can become entirely valueless. You may incur losses that exceed your potential profits, and in some cases, losses may exceed the amount you have deposited. Securities, futures, options, and contracts for differences are complex financial instruments and are not suitable for all investors. Engaging in such transactions requires a sound understanding of the associated risks. Please read and ensure you fully understand our&nbsp;<a href=\"https:\/\/cdn.ic.com\/uploads\/FSA\/Risk_Disclosure_Notice_FSA.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Risk Disclosure<\/a>.<\/p>\n\n\n\n<p>Our leverage is dynamic and may change at any time. Such changes may affect your positions and margin requirements. You are responsible for monitoring your positions and maintaining sufficient margin at all times<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: U.S. stock futures moved [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":84958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/88653"}],"collection":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/comments?post=88653"}],"version-history":[{"count":1,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/88653\/revisions"}],"predecessor-version":[{"id":88654,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/88653\/revisions\/88654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/media\/84958"}],"wp:attachment":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/media?parent=88653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/categories?post=88653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/tags?post=88653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}