Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
German Industry Employment Falls to Lowest Level in a Decade 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
The U.S. dollar dipped slightly on Thursday following a trade agreement between the U.S. and Vietnam, boosting hopes for more deals ahead of the critical July 9 tariff deadline. Meanwhile, investors are turning their focus to June’s U.S. jobs report for signs of the Federal Reserve’s next move on interest rates.
The ADP private payrolls report released Wednesday showed a decline for the first time in over two years, prompting traders to adjust their rate cut expectations. According to the CME FedWatch tool, the probability of a Fed rate cut in July rose to 25%, up from 20% the day before.
Sterling recovered modestly after a steep drop the previous session, as U.K. Prime Minister Keir Starmer reaffirmed support for Finance Minister Rachel Reeves. The pound had fallen nearly 1% after concerns resurfaced over Britain’s fiscal outlook, following a parliamentary setback on welfare reforms.
In currency markets, the pound edged up to $1.3647, the euro held steady at $1.1806, and the yen firmed to 143.56 per dollar. The U.S. dollar index remained weak at 96.701, tracking a 0.5% weekly decline and hovering near 3.5-year lows.
President Donald Trump’s announcement of a new trade deal with Vietnam included a 20% tariff on Vietnamese goods and a steep 40% tariff on trans-shipments, sending a signal of global supply chain restructuring. Analysts warn of potential retaliation from China and further disruptions ahead.
Adding to fiscal concerns, the House Republicans are facing resistance on Trump’s massive tax-cut and spending bill, projected to add $3.3 trillion to the national debt. Global bond markets are increasingly jittery as government deficits rise in the U.S. and beyond.
