📉 Asia-Pacific Markets Mixed
Chinese indices fall -0.70% to -1.20%, 🇦🇺 Australia and 🇸🇬 Singapore down ~0.20%, while 🇯🇵 Japan trades flat.
📊 All Eyes on U.S. Jobs Report
🗓 Nonfarm payrolls will be out today (Thursday) due to 🇺🇸 Independence Day.
⚠️ The release follows the first negative ADP print since early 2022.
🗣 Trump vs Powell — Again
Trump calls for Fed Chair Powell’s immediate resignation.
👀 Rumours swirl that Trump may have seen weak jobs data in advance.
📅 Powell’s term ends in May 2026 — but he could legally stay on until 2028.
🏛 “Big Beautiful Bill” on Hold
The House has not yet voted on Trump’s signature bill.
🗳 Speaker Mike Johnson leaves the vote open, struggling to build GOP unity.
📌 Outcome is key for Trump’s economic agenda.
💴 BoJ Hawkish Turn
🇯🇵 BoJ’s Hajime Takata supports resuming rate hikes, citing corporate strength and wage growth.
📉 Australia Trade Surplus Misses
May: AUD 2.24B vs AUD 5.1B forecast
📦 Exports -2.7% | 📥 Imports +3.8%
No major market reaction.
💼 Japan Services PMI
June final: 📈 51.7 — third month of expansion.
📊 Sentiment at 4-month high, though export growth slows.
🛃 S. Korea–U.S. Tariff Talks Struggle
🇰🇷 President Lee: Talks are “very difficult.”
🤝 Seeks practical deal by July 8 — but chances look slim.
🔥 N. Korea–Russia Military Pact
🪖 Up to 30,000 DPRK troops may be sent to 🇷🇺 Russia — deployment could begin as early as July–August.
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🌅 Morning Update | 03.07.2025 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.