EUR/USD
1.17976
-0.005%
Gold
3353.63
-0.099%
Oil
65.940
-1.168%
USD/JPY
143.854
0.144%
GBP/USD
1.36674
0.237%
GBP/JPY
196.615
0.431%
Real-time News
The final UK Services PMI for June will be released in ten minutes.Japanese Senator Munetoshi Kamiya: Japan must first focus on increasing demand, which is what we have been asking the Bank of Japan to consider.July 3, traders are paying close attention to the upcoming US non-farm payrolls data for June. Economists generally expect 110,000 new non-farm payrolls, up from 139,000 in the previous month, and the unemployment rate may rise slightly from 4.2% to 4.3%. Jay Hatfield, CEO of Infrastructure Capital Advisors, pointed out that if the non-farm data is lower than expected, funds may shift from high-valuation technology stocks to value stocks. He said, "There may be uncertainty in the market. In the game between the decline of technology stocks and the rise of value stocks, since technology stocks account for 40% of the market value, it often leads to an overall decline in the market." But he added that weak data may also prompt the Federal Reserve to cut interest rates in July ahead of schedule.Moodys Ratings said on July 3 that tariffs and global trade uncertainty have increased credit risks in the Asia-Pacific region, and the company downgraded the regions sovereign credit outlook from stable to negative. Tariffs have posed long-term credit risks to some Asia-Pacific economies, undermining their attractiveness and curbing foreign investment. Fiscal spending is likely to increase to help economic growth and slow or stop fiscal consolidation. Falling revenues - especially for trade-intensive countries - will further limit flexibility, while wider deficits will increase borrowing needs. If trade negotiations result in a significant reduction in tariffs, Moodys will adjust the outlook back to stable. Conversely, escalating tariffs, a sharp increase in interest rate spreads or continued geopolitical conflicts will worsen the situation.July 3, Google Vice President Sapna Chadha said Southeast Asia is becoming a global artificial intelligence center. In the "polarized world" of geopolitics, the region is developing a framework around artificial intelligence ethics and coming together to discuss to drive innovation faster than other parts of the world. Chadha said that the company does not take sides in the region, which makes it a unique opportunity space. According to Googles research, about 70% of companies in the region can see a return on their artificial intelligence investment in less than 6 months, and the speed of innovation is one of the reasons why Google has invested heavily in infrastructure in the region.
