Brent and WTI hits their highest levels since October. We find out what the next technical levels are for oil with IG’s Shaun Murison.

(AI Video Summary)

Today's trading overview

In this latest episode of "Beat the street", the focus was on the unexpectedly strong non-farm payrolls (NFP) number at 303,000, surpassing the anticipated 200,000, which signals continued economic strength in the US. This robust job growth complicates the Federal Reserve's position, potentially delaying interest rate cuts given rising bond yields and inflation pressures. The discussion also covered Johnson & Johnson's acquisition of medical device maker Shockwave for $13 billion, and speculated Google's interest in HubSpot. Additionally, oil prices were highlighted, with Brent crude and WTI experiencing increases, partly attributed to tensions in the Middle East. Financial experts suggest the economy's resilience might limit rate cuts this year, impacting stock and bond markets, while also emphasising upcoming inflation and producer price data as key indicators to watch.