# World stocks, commodities boom on U.S. weak jobs data

> World stocks and commodities rallied after weak US jobs data. Gold posted its biggest weekly gain since November and copper hit a record high above its decade-old peak. Brent settled at $68.28 and US crude at $64.90 after modest gains.

- Date: 2021-05-07 · published 2021-05-07T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/47010-world-stocks-commodities-boom-on-u-s-weak-jobs-data
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weak jobs data reinforces expectations for continued easy money, supporting broad commodity prices and risk appetite. Higher energy prices lift biofuel and input cost expectations for feed buyers.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-02-01 | [Oil rises on strong US jobs data and falling rig count](https://feedsoft.ai/events/60760-oil-rises-on-strong-us-jobs-data-and-falling-rig-count.md) | -1.4% | +5.4% |
| BRENT | 2019-06-19 | [Commodities outlook: It's all action as Fed decides](https://feedsoft.ai/events/58511-commodities-outlook-it-s-all-action-as-fed-decides.md) | +4.6% | +3.8% |
| BRENT | 2024-06-29 | [Commodity markets to focus on US Jobs data, comments from Fed chair for clearer insights on policy outlook next week](https://feedsoft.ai/events/29640-commodity-markets-to-focus-on-us-jobs-data-comments-from-fed-chair-for-clearer.md) | +0.9% | -6.4% |
| BRENT | 2018-09-24 | [Goldman: Stronger dollar unlikely to derail bullish view on commodities \| Daily FT](https://feedsoft.ai/events/62956-goldman-stronger-dollar-unlikely-to-derail-bullish-view-on-commodities-daily-ft.md) | +4.9% | +1.6% |
| BRENT | 2019-01-25 | [WCU Commodities rise ahead of crucial week \| Saxo](https://feedsoft.ai/events/12392-wcu-commodities-rise-ahead-of-crucial-week-saxo.md) | +1.8% | +9.7% |
| WTI | 2019-02-01 | [Oil rises on strong US jobs data and falling rig count](https://feedsoft.ai/events/60760-oil-rises-on-strong-us-jobs-data-and-falling-rig-count.md) | -2.1% | +6.3% |
| WTI | 2021-06-16 | [WCU Commodities back on track for a strong 2021 finish \| Saxo](https://feedsoft.ai/events/46625-wcu-commodities-back-on-track-for-a-strong-2021-finish-saxo.md) | +1.4% | +1.4% |
| WTI | 2020-06-08 | [Stocks get a boost from US jobs data, oil rises after OPEC+ deal \| Financial Markets \| Al Jazeera](https://feedsoft.ai/events/52791-stocks-get-a-boost-from-us-jobs-data-oil-rises-after-opec-deal-financial.md) | -8.3% | +2.6% |

## Sources

- reuters.com: https://www.reuters.com/world/middle-east/global-markets-wrapup-4-pix-2021-05-07/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.