This content was published on <\/p>\n
July 1, 2025 – 01:12\n<\/p>\n
(Bloomberg) \u2014 Asian stocks are poised for a cautious open as investors weighed the buoyant mood on Wall Street with lingering concerns over the global impact of President Donald Trump\u2019s tariff agenda.<\/p>\n
Equity-index futures pointed to a decline in Tokyo as Trump threatened to impose a fresh tariff level on Japan. Contracts for the S&P 500 edged down 0.1% after the index notched its best quarter since December 2023 on Monday, with technology shares leading. Hong Kong has a public holiday Tuesday.<\/p>\n
Wall Street\u2019s bulls drove stocks to all-time highs at the end of a solid quarter amid hopes the US is moving closer to reaching concrete deals with its top trading partners. Bets the Federal Reserve will resume rate cuts powered the best first-half stretch for Treasuries in five years.\u00a0<\/p>\n
Still, broader uncertainty over Trump\u2019s tariff agenda on the long-term structure of the global economy can be seen in the dollar posting a 10.8% slide in the year\u2019s opening six months \u2014 its worst first-half performance since 1973.\u00a0<\/p>\n
\u201cMarkets proved remarkably adaptable and resilient in the face of geopolitical shocks and trade uncertainty in the first half, largely because economic and profit conditions stood on firm footing,\u201d said Anthony Saglimbene at Ameriprise.<\/p>\n
On Monday, Apple Inc. climbed the most among megacaps. Oracle Corp. jumped on a cloud-services deal worth $30 billion a year. Big banks gained after passing the Fed\u2019s annual stress test, setting the stage for payouts.<\/p>\n
Just days ahead of the US jobs report, bonds rose. Treasury Secretary Scott Bessent indicated it wouldn\u2019t make sense to ramp up sales of longer-term debt given where yields are, though he held out hope that rates across maturities will drop as inflation slows. Goldman Sachs Group Inc. projects a Fed cut in September as the inflationary effects of tariffs \u201clook a bit smaller\u201d than expected.<\/p>\n
With Trump\u2019s July 9 trade deadline fast approaching, the European Union is willing to accept an accord that includes a 10% universal tariff on many of the bloc\u2019s exports, but seeks key exemptions. Trump\u2019s top economic adviser said the White House aims to finalize deals with partners after the July 4 holiday.<\/p>\n
\u201cAs long as there are no major escalations again in the Middle East or in the trade war, you\u2019d think stock markets may not suffer much on any macro data,\u201d said Fawad Razaqzada at City Index and Forex.com. \u201cStill, there is always room for surprises.\u201d<\/p>\n
The June employment report, due on Thursday, given the July 4 holiday on Friday, is forecast to show growth in the workforce easing to about 110,000 new jobs from 139,000 the prior month, according to economists surveyed by Bloomberg. The unemployment rate is seen nudging up to 4.3%.<\/p>\n
For a Fed awaiting more clarity on the potential inflationary impact from tariffs, any pronounced deterioration in the labor market would likely lead to more pressure on officials to lower rates.<\/p>\n
Some of the main moves in markets:<\/p>\n
Stocks<\/p>\n
Currencies<\/p>\n
Cryptocurrencies<\/p>\n
Bonds<\/p>\n
Commodities<\/p>\n
This story was produced with the assistance of Bloomberg Automation.<\/p>\n
\u2013With assistance from Anand Krishnamoorthy.<\/p>\n
\u00a92025 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"This content was published on July 1, 2025 – 01:12 (Bloomberg) \u2014 Asian stocks are poised for a…\n","protected":false},"author":2,"featured_media":227899,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[3420,51,22526,27062,2441,7063,22527,16,15],"class_list":{"0":"post-227898","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bonds","9":"tag-business","10":"tag-business-general","11":"tag-currency-values","12":"tag-markets","13":"tag-stocks","14":"tag-ticker","15":"tag-uk","16":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114775087129680677","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/227898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=227898"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/227898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/227899"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=227898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=227898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=227898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}