10th September –US Jobs revised down 911k, largest drop in history, Oracle rockets on datacentres

Join Mark Gardner as he breaks down the latest in global markets, covering major economic shifts, sector highlights, and actionable investment themes.Key HeadlinesUS Jobs Shock: The Bureau of Labor Statistics revised US payrolls down by 911,000 over the past year—the largest historical drop signaling deep economic weakness and fueling stagflation concerns.Oracle Leads Tech Rally: Oracle’s earnings sparked a 27% surge, driven by rapid expansion of data centers, sharp margin growth, and multi-cloud momentum. This optimism carried over to other hyperscale and AI stocks like Nvidia, Broadcom, and Google.Inflation & Rate Cuts: With CPI expected near 3%, inflation fears persist. The possibility of a 50 basis point rate cut is on the table, but top banks advise caution, noting that cuts in a weak economy don’t guarantee market gains.Apple Update: The iPhone 17 launch drew a lukewarm response, with skepticism around innovation and prospects for Apple’s key revenue driver.MPC’s High Conviction IdeasTop Sectors: Focus remains on stores of value (gold, silver), European defense stocks, and AI-driven data center expansion. Morgan Stanley’s upgrades in European defense point to significant budget increases and local investments.Commodities & Outlook: Gold is in a top-three rally historically, with US dollar strength and government shutdown risk continuing to support safe haven demand.What’s NextWatch upcoming inflation data (PPI and CPI).European Central Bank rate decision later this week.Stay cautious through seasonal market weakness and monitor for buying opportunities.Listen in for practical market strategy and risk assessment from MPC Markets. This analysis is general advice only—review your positions carefully