Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
U.S. markets were rattled Friday as sharp downward revisions to prior jobs data and President Donald Trump’s sudden firing of the Bureau of Labor Statistics (BLS) chief fueled fears over economic data reliability and Federal Reserve policy.
The July employment report showed nonfarm payrolls rising by just 73,000, well below forecasts of 110,000. June’s figure was slashed from 147,000 to 14,000, and May’s was revised from 144,000 to 19,000 — a combined downward revision of 258,000 jobs. Economists warned such significant adjustments suggest the Fed may have misread the labor market and could accelerate rate cuts to stabilize growth.
Trump, alleging the data was “rigged” to damage Republicans, ordered BLS Commissioner Erika McEntarfer’s dismissal, a move analysts say risks undermining trust in future economic reports. The turmoil coincided with the resignation of Fed Governor Adriana Kugler, giving Trump an opportunity to reshape the Federal Open Market Committee amid already strained relations.
Markets swiftly priced in easing: CME data showed the probability of a September rate cut jumping to 81% from 38% the day before. Treasury yields plunged, with the 10-year falling 15 basis points to 4.22%, its steepest drop since April, while the S&P 500 slid 1.6% to its lowest level since early July.
Investors remain concerned about the dual drag of weakening employment and Trump’s tariffs, which could worsen inflation and stall growth. Analysts warn job creation is nearing “stall speed,” raising fears of a potential recession.
The Fed, led by Chair Jerome Powell, faces heightened pressure to navigate policy amid unreliable data, shifting trade policies, and mounting market anxiety.
