Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
US Job Growth Seen Picking Up in July 
German Bund Yields Hit Three-Week Low as Energy Prices Ease and ECB Outlook Softens 
Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market 
Asian Currencies Steady as Markets Await U.S. Jobs Data 
US Stock Futures Hold Steady as Iran Hormuz Deal and Earnings Shape Market Sentiment 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Asian Stocks Cautious Ahead of US Jobs Data as Oil Rises 
UK services PMI misses forecasts in June, sees weakest quarterly growth in three years. According to a report by market research group Markit, the seasonally adjusted Markit/CIPS Services purchasing managers’ index (PMI) dropped to 52.3 in June from a reading of 53.5 in May, missing analysts' expectations for a rise to 52.5.
Markit's chief economist Chris Williamson said in a statement, “The PMI surveys indicate that the pace of UK economy slowed to just 0.2 percent in the second quarter, with further loss of momentum in June as Brexit anxiety intensified.”
The outlook for the year was the darkest since December 2012, according to Markit, with companies reporting uncertainty linked to the referendum weighing on workloads and incoming new business. Further slowing, or even contraction highly likely in the coming months as a result of the uncertainty created by the EU referendum.
“It’s unlikely that policymakers will wait for more data before unleashing additional monetary stimulus, more policy action “likely in the coming weeks,” adds Chris Williamson.
