Global markets whipsawed last week after a hotter-than-expected US labor report, persistent crude oil pressure above $90 per barrel, and sharp single-stock declines in Tesla and Lululemon. Derivatives exchange Zoomex is using the volatile stretch to highlight its stock perpetuals and crypto derivatives suite, arguing its platform is built for fast-moving macro conditions.
The US economy added 162,000 jobs in August, nearly triple the 53,000 economists had forecast. The surprise print forced a rapid repricing of Federal Reserve expectations, with investors weighing whether a still-hot labor market could keep the Fed from cutting rates or even push it toward another hike. Stock indices slid late in the week and the yield on the 10-year US Treasury climbed above 4.78%, tightening financial conditions across markets.
Crude oil held above $90 per barrel, supported by Middle East tensions and concern over the Strait of Hormuz. Zoomex said elevated oil prices remain a key inflation risk and that such uncertainty tends to ripple into digital asset markets.
Tesla shares dropped 6% after the National Highway Traffic Safety Administration confirmed a new investigation into technical data and certification behind the company's autonomous Cybercab vehicle. Zoomex noted users can trade Tesla price action directly through its stock perpetuals.
Zoomex, founded in 2021, says it serves more than 3 million users across 35+ countries and offers 700+ trading pairs. Its listed instruments include BTC, ETH and SOL crypto perpetuals, stock-linked contracts such as TSLA, LULU, NVDA and AAPL, and gold exposure through XAUT. The platform highlights regulatory registrations including US MSB, Canada MSB, US NFA and Australia AUSTRAC, and security audits by Hacken.
