Shares of US-based apparel company and leader in jeans Levi Strauss & Co. (NYSE: LEVI) bounced more than 5% in pre-market trading on Thursday after the company reported better-than-expected first-quarter financial results.
Today, the Investors and traders will closely monitor the release of the US Federal Reserve monetary policy March meeting minutes in which members decided to raise the federal funds rate by 25 basis points.
The Australian dollar extended the gains against the US dollar and Euro after the RBA meeting, the AUDUSD increased to its highest level since June 2021.
Today, all eyes are on the US non-farm payroll report. The US Bureau of Labor Statistics (BLS) will release the March jobs report today at 12.30 GMT. U.S. Nonfarm employment is considered one of the key indicators for assessing the state of the labor market.
Crude oil prices remain under pressure ahead of an OPEC+ meeting later in the day. The members of the Organization of the Petroleum Exporting Countries and allies will meet to discuss a planned production increase of 432,000 barrels per day.