Global Markets:
- Asian Stock Markets : Nikkei down 0.10%, Shanghai Composite up 0.17%, Hang Seng down 0.78% ASX down 0.03%
- Commodities : Gold at $3365.35 (0.49%), Silver at $36.48 (0.19%), Brent Oil at $68.8 (-0.79%), WTI Oil at $66.98 (-0.73%)
- Rates : US 10-year yield at 4.265, UK 10-year yield at 4.611, Germany 10-year yield at 2.618
News & Data:
- (USD) ADP Non-Farm Employment Change -33k to 99K expected
Markets Update:
Vietnamese stocks climbed to their highest level in more than three years as investors awaited further details on the U.S.-Vietnam trade agreement announced by President Donald Trump on Wednesday. According to Trump’s statement on Truth Social, the U.S. will impose a 20% tariff on goods imported from Vietnam, while Vietnam will apply a zero-tariff rate on U.S. goods. This development comes as the end of Trump’s 90-day tariff reprieve draws near, adding to market anticipation.
The Vietnam Index rose 0.3%, reaching its strongest level since April 2022, according to data from LSEG. Elsewhere in Asia, markets posted mixed performances. Japan’s Nikkei 225 slipped 0.15%, and the broader Topix fell 0.21%. In contrast, South Korea’s Kospi climbed 0.77%, while the Kosdaq gained 0.5%. Australia’s S&P/ASX 200 edged up 0.13%.
In Greater China, Hong Kong’s Hang Seng Index dropped 0.64%, while mainland China’s CSI 300 advanced 0.14%.
Meanwhile, U.S. stock futures were steady ahead of the closely watched June jobs report. S&P 500 futures and Nasdaq 100 futures were slightly higher, while Dow Jones Industrial Average futures rose 21 points, or under 0.1%. On Wednesday, the S&P 500 hit a fresh intraday record and closed at another high. The Nasdaq Composite rose 0.94% to a record close, while the Dow edged down 0.02%.
Upcoming Events:
- 06:00 PM GMT – USD Average Hourly Earnings m/m
- 06:00 PM GMT – USD Non-Farm Employment Change
- 06:00 PM GMT – USD Unemployment Rate
