China Agrees to Buy 20 Million Tons of U.S. Coal 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Fed Unveils Stablecoin Rules Under GENIUS Act 
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Asian stock markets traded mixed on Thursday as investors braced for the upcoming U.S. tariff deadline on July 9 and digested key economic data from China and Australia. Market sentiment was cautious ahead of the U.S. jobs report, which could influence the Federal Reserve’s interest rate path.
U.S. stock indexes closed higher on Wednesday, with the S&P 500 and Nasdaq reaching new record highs. However, Wall Street futures were mostly flat during Asian hours. President Donald Trump confirmed a trade deal with Vietnam, marking the third agreement ahead of the looming deadline, after similar deals with the UK and China. Trump reiterated that the July 9 deadline would not be extended, warning that nations without deals will face formal tariff notifications. However, uncertainty remains as he also threatened steep tariffs of 30–35% on Japanese imports earlier this week.
Asian markets showed a cautious tone. Japan’s Nikkei 225 and TOPIX both slipped 0.2%, while Hong Kong’s Hang Seng led regional losses, falling 1.2%. In contrast, South Korea’s KOSPI rose 0.6%, and the Philippines’ PSEi jumped 1%. Singapore’s Straits Times Index remained flat, while India’s Nifty 50 futures edged up 0.1%.
Economic data added to market jitters. Australia’s trade surplus narrowed sharply in May to its lowest since November 2019, driven by weaker exports and recovering imports. The S&P/ASX 200 dropped 0.6%. In China, services sector growth slowed to a nine-month low in June, signaling softer domestic demand. The Shanghai Composite dipped 0.1%, while the CSI 300 ticked up 0.2%.
Investors continue to monitor global trade developments and economic indicators for further clues on market direction.
