ASE increased to a 16-year high of 2825.00 Index Points. Over the past 4 weeks, Amman Stock Exchange General Index gained 5.57%, and in the last 12 months, it increased 17.25%.

Stocks in Jordan Hit 16-year High

The Ibovespa reversed early session losses to close 0.2% higher at a fresh 141,264 record on Friday, buoyed by a Supreme Court ruling that suspended both the Executive’s and Congress’s IOF-tax measures, removing a significant fiscal cloud, and by a divergence between cooling activity and central-bank guidance. May’s PPI plunged 1.29%, and industrial output slipped again under a still-restrictive 15% Selic, yet traders focused on the bank’s pledge that rate cuts will hinge on durable disinflation rather than transient weakness. Heavyweights Ambev, WEG, Eletrobras, and B3 led the advance, each adding over 0.9%, while exporters braced for July?9th tariff notices from Washington. Lighter volumes amid the US holiday and the newfound political clarity on IOF were enough to cement the benchmark’s climb, cementing a weekly advance of 3.2%.

Ibovespa Extends Record High

The S&P/TSX Composite closed flat at 27,036 on Friday holding to its all-time high in a decidedly muted session as investors sat on their hands ahead of next week’s July 9th tariff deadline and digested fresh domestic data. With Washington set to dispatch letters outlining potential duties of up to 70% on a range of imports, trading volumes remained subdued and risk-taking was tempered, even as oil prices slipped modestly and gold gave back a few dollars. On the home front, a seventh consecutive month of private-sector contraction and a still-sizable merchandise trade deficit underscored the unevenness of Canada’s recovery, prompting market participants to await clearer signals on both US trade developments and domestic economic indicators before committing to new positions. Still, the TSX posted a 1.3% weekly gain testing new record highs.

TSX Closes Flat at Record High

European stocks closed firmly lower on Friday as trade tensions with the United States persisted. The Eurozone's STOXX 50 closed 1% lower at 5,291 and the pan-European STOXX 600 fell 0.5% to close at 541. The EU Commission stated that they are approaching a framework for a trade agreement with the US to avoid the reintroduction of aggressive tariffs by the July 9th deadline. This coincided with statements by US officials noting that the deadline will not be extended, and unilateral tariffs of up to 70% could be set on economies without a trade deal. In turn, ECB officials noted that they could undershoot the 2% inflation target if the euro stays as strong as $1.20 for an prolonged period. On the data front, producer prices in the bloc fell by 0.6% from the previous month in May. Banks, tech, and industrial giants led the losse with BBVA, Siemens, and ASML dropping around 2.5%. In the meantime LVMH fell 1.8% after China announced it will tariff brandy from the EU.

European Stocks Close Lower

In Milan,  the FTSE MIB Index dropped 321 points or 0.80 percent on Friday. Losses were led by Stellantis N.V. (-2.47%), Bper Banca (-2.04%) and Banca Monte dei Paschi di Siena (-2.01%). Offsetting the fall, top gainers were Recordati (1.07%), Amplifon (0.89%) and Leonardo SpA (0.29%).

The FTSE MIB Index Closes 0.80% Lower

In Frankfurt,  the DAX Index decreased 147 points or 0.61 percent on Friday. Losses were driven by Siemens (-2.23%), Brenntag (-2.07%) and Deutsche Post (-1.67%). Biggest rises came from Rheinmetall (3.69%), E.ON (1.28%) and Bayer (0.56%).

The DAX Index Closes 0.61% Lower

In Paris,  the CAC 40 Index fell 59 points or 0.76 percent on Friday. Leading the losses are Publicis (-2.43%), BNP Paribas (-2.22%) and Stellantis NV (-2.12%). Top gainers were ENGIE (1.77%), Sanofi (0.78%) and Orange (0.55%).

The CAC 40 Index Closes 0.76% Lower

The FTSE MIB fell 0.8% to close at 39,622 on Friday as renewed US trade tensions ahead of the July?9th tariff deadline rattled Italy’s export-dependent sectors, President Trump’s letters warning of duties up to 70% cast a shadow over machinery, luxury and automotive stocks. At home, a surprise 0.4% decline in May retail sales, reversing April’s 0.7% gain, and stagnant industrial output highlighted weakening consumer demand and production headwinds. Banking names such as BPER Banca (-2.0%) underperformed amidst intensified scrutiny of digital tax disputes and fiscal sustainability debates in Rome, while heavyweight autos and tech names, Stellantis, STMicroelectronics and Ferrari, each slid between 1.0% and 2.2% on softer global vehicle shipments and chip orders. With no fresh fiscal stimulus from Rome or progress on an EU-US trade pact, only defensive utilities and select energy stocks provided limited support, leaving the MIB with a modest 0.2% weekly loss.

FTSE MIB Pressured by Trade Uncertainty

The Ibovespa fell around 0.2% to below the 140,700 level on Friday, easing from its record high as investors braced for possible trade disruptions and digested the latest economic data to dissect the effects of monetary policy. The looming July 9th deadline for Trump’s reciprocal tariffs has kept export-oriented names on edge, as the specter of duties up to 70% on steel, aluminum and other Brazilian goods threatens to undercut the country’s nascent trade-surplus recovery. Domestically, May’s PPI plunged 1.29%—its steepest fall in nearly two years—signaling that output prices and profits are under strain just as industrial production posted its second consecutive monthly decline, highlighting a broader cooling of activity under the weight of the central bank’s 15% Selic and lingering fiscal uncertainty around the IOF-tax impasse in Congress. Still, the week saw the Sao Paulo exchange hit record highs and was set for a whopping over 2.5% weekly gain.

Ibovespa Retreats from Record High

The S&P/TSX Composite hovered below the flatline at the 27,030 level on Friday, as investors weighed the risk of looming US tariffs against fresh domestic data. President Trump’s July?9th deadline, and letters detailing duties up to 70% on many imports, has placed commodity and export-dependent sectors under pressure. Energy stocks took comfort from a modest WTI rebound but remain cautious ahead of further OPEC+ output hikes, while gold miners eked out only marginal support amid concerns over the fiscal impact of Trump’s $3.4?trillion tax-and-spending bill. Even Royal Bank and Shopify surrendered early gains as manufacturing and materials firms bore the brunt of cooling global demand and tighter US trade policy. At home, Canada’s private-sector activity contracted for a seventh straight month and a June merchandise trade deficit of $5.9?billion underscored a fragile recovery. Nevertheless, the TSX extended its weekly advance to over 1.2%, renewing record highs earlier in the week.

TSX Struggles for Direction

India's BSE Sensex managed to close about 0.2% up at 83,432.9 on Friday, halting a two-day losing streak, in a choppy session that reflected cautious optimism amid ongoing global and domestic uncertainties. Market sentiment remained fragile ahead of the July 9 US tariff deadline and a possible US-India trade deal, while regulatory actions by Sebi—including an interim ban on U.S. quant firm Jane Street for alleged market manipulation—also weighed on investor mood. Banking stocks and techs led sectorial gains. The top gainer on the Sensex was Bajaj Finance, up 1.7%, after it reported a 25% rise in assets under management in a pre-quarterly update. Infosys, Hindustan Unilever, ICICI Bank, Bajaj Finserv, HCL, Ultratech Cement, Eternal and TCS also were among the top performers. The laggards were Trent, Tata Steel, M&M, Maruti and Tech Mahindra. For the week, the Sensex notched a 0.7% loss, its first weekly decline in three weeks.

Sensex Ends Slightly Higher, Still Posts Weekly Loss

The Hang Seng lost 154 points or 0.6% to close at 23,916 on Friday, marking a second straight session of losses amid broad-based sector declines. The benchmark dropped 1.5% for the week, reversing gains from the prior period as investors grew cautious ahead of U.S. President Trump’s July 9 tariff deadline. Adding pressure, China’s commerce ministry finalized its EU brandy investigation, imposing tariffs of up to 34.9% for five years starting July 5. Market participants also eyed key Chinese data due next week—including June CPI and PPI—amid lingering deflation risks. U.S. markets were closed for Independence Day after record highs in the S&P 500 and Nasdaq, buoyed by strong jobs data. Losses in Hong Kong were partially offset by optimism over possible stimulus at China’s upcoming Politburo meeting and news that the U.S. would ease export curbs on chip design software to China. Major decliners included AIA Group (-4.6%), Techtronic Industries (-2.9%), and China Overseas Land (-2.3%).

Hang Seng Retreats 1.5% Weekly

The FTSE MIB slipped 0.7% to around 39,640 in early trading on Friday, ending two consecutive sessions of gains, as investors turned cautious ahead of the looming July 9 tariff pause deadline. President Donald Trump said on Thursday that he would begin sending letters to countries on Friday outlining the tariff rates they will face on imports to the US. Meanwhile, EU-US trade talks in Washington concluded without any significant progress. In domestic news, Italy’s retail sales fell 0.4% month-on-month in May, reversing a 0.7% rise in April and missing market expectations of a 0.5% growth. On the corporate front, several heavyweight stocks dragged the index lower, including BPER Banca (-1.9%), Stellantis (-1.5%), STMicroelectronics (-1.4%), and Ferrari (-1.2%). The index is now on track for a modest weekly loss.

Italian Stocks Snap 2-day Rise

The FTSE 100 traded lower on Friday as global trade tensions resurfaced ahead of a key tariff deadline. US President Donald Trump announced his administration will begin sending letters to trading partners outlining unilateral tariffs, set to take effect on August 1, with rates ranging from 10% to as high as 70%. The deadline to strike trade deals to avoid these tariffs is July 9, reviving market concerns. Homebuilders dragged the index down, after MJ Gleeson issued its second profit warning in a month, citing weak demand, stagnant prices, and planning delays. Shares of Barratt Redrow, Berkeley, Persimmon, and Taylor Wimpey fell between 1.5% and 2.5%. Miners Antofagasta, Anglo American, and Glencore also declined due to falling copper prices. Diageo dipped as well, following pressure on European spirits makers amid reports that China plans to impose anti-dumping duties on EU brandy imports.

UK Stocks Trade Lower on Friday

SBITOP increased to a 17-1/2-year high of 2287.00 Index Points. Over the past 4 weeks, Ljubljana Stock Exchange SBITOP gained 4.29%, and in the last 12 months, it increased 44.27%.

Stocks in Slovenia Hit 17-1/2-year High

The CAC 40 dropped 0.9% to 7,688 on Friday, erasing gains from the previous session as investors turned cautious ahead of next week’s potential US tariff hike deadline. Market sentiment was dented after President Donald Trump announced plans to begin issuing formal letters on trade matters, raising the possibility of unilateral tariff impositions and fueling uncertainty around global trade. In a related development, China’s Ministry of Commerce finalized its decision on EU-origin brandy, imposing duties of up to 34.9% for a five-year period starting July 5, 2025. The decision follows an investigation into European brandy imports—most notably cognac, which is heavily exported from France. The news weighed on French spirits makers, with Rémy Cointreau dropping 1.9%, Pernod Ricard falling 1.4%, and LVMH—the parent company of Hennessy and Rémy Martin—declining 1.5%. Despite Friday’s pullback, the index is on track for modest weekly gains.

French Stocks Fall on Tariff Woes

In Frankfurt,  the DAX Index is losing 147 points. Losses were led by HeidelbergCement (-1.56%), Zalando (-1.45%) and Siemens Healthineers (-1.32%). Offsetting the fall, top gainers were Rheinmetall (0.71%), E.ON (0.57%) and Deutsche Telekom (0.32%).

The DAX Index Opens 0.61% Lower

In Paris,  the CAC 40 Index is falling 61 points. Losses were driven by ArcelorMittal (-1.58%), Cap Gemini (-1.50%) and Teleperformance SE (-1.45%). Biggest rises came from Orange (0.49%), Danone (0.38%) and ENGIE (0.19%).

The CAC 40 Index Opens 0.78% Lower

Both the STOXX 50 and STOXX 600 were falling nearly 0.5% on Friday, as investor attention shifted back to global trade tensions ahead of the July 9th deadline. US President Trump announced that the US would begin sending formal notifications to trading partners on Friday, detailing the tariff rates they will face on exports to the US. Meanwhile, EU-US trade negotiations wrapped up in Washington without a breakthrough. EU Trade Commissioner Maros Sefcovic stated that while talks would continue, the objective remains securing a comprehensive and ambitious transatlantic trade agreement. In a separate development, China’s Commerce Ministry said it will impose duties of up to 34.9% on EU brandy imports starting July 5th. Sector-wise, losses were broad-based, with all sectors in the red except telecoms. Basic resources, technology, and autos were the weakest performers. For the week, both the STOXX 50 and STOXX 600 are on track to post modest losses.

European Stocks Set to End the Week Lower

Frankfurt's DAX edged lower toward 23,800 on Friday, aligning with its regional peers, as nervousness surrounding global trade unsettled investors. President Donald Trump has stated that he plans to send letters to the countries concerned detailing the new tariffs as early as today, as negotiations on the subject enter their final stretch. So far, the US administration has struck deals with the UK and Vietnam and agreed to a truce with China that saw the world's two largest economies agree to temporarily reduce each other's tariffs. The EU is pushing for an 'agreement in principle' ahead of July 9 but has acknowledged that a comprehensive deal is unlikely to be reached by the deadline.

DAX Falls on Friday

The Nikkei 225 edged up 0.06% to close at 39,811, while the broader Topix slipped 0.04% to 2,828 on Friday, with both indexes ending the session virtually flat as renewed concerns over US tariff policy dampened investor sentiment. Market caution intensified after President Donald Trump announced plans to begin issuing letters on trade matters, potentially setting unilateral tariff rates. Trump has previously threatened to raise tariffs on Japanese goods by up to 35%, citing dissatisfaction with Japan’s limited imports of American rice and automobiles. On the domestic front, household spending in Japan rose 4.7% year-over-year in May, rebounding sharply and exceeding expectations, as Tokyo ramped up efforts to boost consumption. Trading was mixed, with notable gains from Advantest (+1.4%) and Mitsubishi UFJ (+1.5%), while Disco (-2.2%) and Fujikura (-2.4%) led losses. For the week, the Nikkei declined 0.85% and the Topix fell 0.44%.

Japanese Shares End Flat Amid Tariff Uncertainty

European equity markets were poised for a lower open on Friday, as investor caution grew ahead of next week’s deadline for potential US tariff hikes. Sentiment took a hit after President Donald Trump announced plans to begin issuing letters on trade matters, potentially setting unilateral tariff rates and escalating trade uncertainty. The European Union said it is nearing a “framework” trade agreement with the US, but acknowledged that a comprehensive deal is unlikely to be reached by the July 9 deadline. In corporate news, Air France-KLM announced plans to acquire a majority stake in Scandinavian carrier SAS, signaling continued consolidation in the European aviation sector. In premarket trade, Euro Stoxx 50 futures were down 0.5%, while Stoxx 600 futures slipped 0.4%.

European Markets Set to Open Lower

The BSE Sensex hovered around 83,224 in morning trade on Friday, trading mostly flat after declines in the previous two sessions, as investors remained cautious ahead of President Donald Trump’s July 9 deadline for trade tariff negotiations. Market sentiment was also weighed down by the Securities and Exchange Board of India’s decision to ban US-based firm Jane Street over alleged manipulation in derivatives trading. Caution was further heightened by the anticipation of upcoming Chinese CPI and PPI data, amid persistently weak domestic demand in the mainland. Gains in real estate and financial services helped offset losses in metals and banking stocks. Bajaj Finance rose 2.8%, Bajaj Finserv gained 2.0%, Adani Ports added 0.3%, while Tech Mahindra and Tata Steel fell by 1.4% and 1.2%, respectively. For the week, the Sensex is on track to post a 1.0% loss, its first weekly decline in three weeks, amid lingering uncertainty surrounding US trade negotiations.

India Stocks Muted, Set for Weekly Losses

New Zealand's benchmark S&P/NZX 50 index rose 0.5% to close at 12,767 on Friday, tracking a strong overnight performance on Wall Street’s overnight after a better-than-expected jobs report reduced expectations for a Federal Reserve rate cut in July. Trade developments also remained in focus ahead of the July 9 deadline for implementing reciprocal tariffs. President Donald Trump announced Thursday that letters detailing tariff rates on imports to the US would begin being sent out on Friday, signaling a shift from earlier pledges to negotiate individual trade deals. On the corporate front, notable gains were seen from Infratil (3.1%), a2 Milk (1.4%), Fletcher Building (1.65%), and Summerset Group (2.7%. For the week, the NZX 50 gained 1.45%, notching its third consecutive weekly advance.

New Zealand Stocks Track Wall Street's Rise

Hong Kong stocks fell 229 points or nearly 1% to 23,840 in Friday morning trade, extending losses from the previous session as declines swept across all sectors. Investor sentiment remained fragile ahead of the July 9 expiration of the 90-day trade truce, while caution also mounted ahead of key Chinese economic data next week, including June CPI, PPI, and trade figures. Locally, private sector activity in Hong Kong contracted at the sharpest pace in over three years, with output, new orders, and overseas sales—including to mainland China—all falling. Losses were partially limited by hopes that the upcoming Politburo meeting may introduce fresh stimulus to offset mounting pressure from aggressive U.S. tariffs. Among the top decliners were AIA Group (-4.0%), Sunny Optical Tech. (-3.5%), Techtronic Industries (-2.4%), and China Feihe (-2.4%). For the week, markets are heading for a steep weekly loss, down almost 2% so far, after a robust gain in the prior period.

Hong Kong Shares Poised for Steep Weekly Loss

The Shanghai Composite edged up 0.1% to around 3,464, while the Shenzhen Component slipped 0.5% to 10,482 in mixed trade on Friday, with mainland stocks struggling for clear direction as investors continued to grapple with global trade uncertainties. Investor sentiment remained cautious after US President Donald Trump announced plans to begin issuing letters on trade tariffs, potentially setting new unilateral rates. Meanwhile, the US started lifting export restrictions on key technologies such as chip design software, ethane, and jet engines to China, signaling efforts to de-escalate trade tensions. These measures are part of a broader US-China trade agreement aimed at resuming exchanges in rare earths and advanced technologies. Notable gainers included Foxconn Industrial (+3.1%), Shenzhen Woer (+8.1%), and Wus Printed Circuits (+7.1%). For the week, both the Shanghai and Shenzhen indexes are poised to post gains of over 1%.

China Stocks Wobble as Trade Uncertainty Weighs

The Japanese yen traded near 145 per dollar on Friday after falling nearly 1% in the previous session, weighed down by trade-related uncertainties despite Tokyo’s efforts to secure a deal with Washington ahead of next week’s deadline. US President Donald Trump announced plans to begin sending formal letters on trade tariffs as early as today, potentially signaling new tariff rates or extensions of existing deadlines. He has previously threatened to raise tariffs on Japanese goods to as much as 35%, citing Japan’s limited imports of American rice and automobiles. Adding to the yen’s weakness, the US dollar strengthened following a stronger-than-expected June jobs report, which eased recession fears and reduced expectations of imminent rate cuts by the Federal Reserve. On the domestic front, data showed that household spending in Japan rebounded more than anticipated in May, supported by government measures to stimulate consumption.

Japanese Yen Holds Decline on Trade Concerns

The benchmark KOSPI fell 0.7% to around 3,090 on Friday pulling back from gains in the previous session as investors grew cautious amid lingering uncertainty over the potential reimposition of tariffs ahead of the looming deadline. In response, President Lee Jae Myung emphasized his administration’s ongoing diplomatic push, with Trade Minister Yeo set to make his second visit to Washington this weekend. The visit aims to ramp up last-minute negotiations with US officials in a bid to secure an extension of the three-month tariff pause, which is set to expire on July 9. Domestically, South Korean equities have been lifted by proposed Commercial Act reforms expanding board duties to all shareholders. The government is also reviewing dividend tax changes to boost payouts and attract more foreign investment. On the corporate front, losses were led by autos and chipmakers such as LG Energy Solution (-1.41%), Hyundai Motor (-0.35%), Samsung Electronics (-0.31%), and SK Hynix (-0.18%).

KOSPI Dips as Investors Brace for Tariff Deadline

The S&P/ASX 200 edged up 0.2% to 8,612 on Friday, following a muted performance in the previous session, as stronger-than-expected US job growth and a surprise drop in the unemployment rate reinforced confidence in the resilience of the US economy—despite signs of slowing private-sector hiring and persistent global trade uncertainties. In Australia, investor focus shifted to the upcoming monthly household spending indicator, due later today, as well as the Reserve Bank of Australia's monetary policy meeting next week. Markets widely expect a 25 basis point rate cut, which would bring the cash rate down to 3.60%. Among individual stocks, notable gainers included Newmont Corporation (1.2%), Goodman Group (1.2%), and Wesfarmers Limited (1%). On the downside, BHP Group Limited fell 1.6%, Pro Medicus Limited lost 1.7%, and Rio Tinto Limited declined 1.7%. For the week, the index is on track for its second consecutive weekly gain.

Australian Shares Edge Higher, Set for Second Weekly Gains

The Nikkei 225 rose 0.1% to around 39,810, while the broader Topix Index added 0.2% to 2,835 on Friday, marking a second straight day of gains for Japanese equities. The rally followed a strong lead from Wall Street, where major US benchmarks hit fresh record highs after robust June jobs data helped ease concerns over a potential economic slowdown. Investors also monitored ongoing trade developments, with reports suggesting President Donald Trump may soon announce revised tariff rates or extend the July 9 deadline for several countries. On the domestic front, household spending in Japan rebounded more than expected in May, supported by Tokyo’s intensified efforts to stimulate consumption. Among the top gainers were Tokyo Electric Power (+4.5%), Mizuho Financial (+1.7%), and Keyence (+1.8%). Despite recent gains, both the Nikkei and Topix remain on track to post weekly losses, as persistent trade uncertainties continued to weigh on market sentiment earlier in the week.

Japanese Shares Follow Wall Street Higher

New Zealand stocks fell 23 points, or 0.2%, to 12,681 in Friday morning trade, marking the second consecutive day of decline, led by losses in the industrial services, non-energy minerals, and healthcare sectors. Caution prevailed ahead of the expiration of the 90-day trade truce on July 9 and the Reserve Bank of New Zealand’s policy decision next week. While the RBNZ is expected to hold rates steady at 3.25%, markets were wary of the potential impact of U.S. tariffs. Restaurant Brands NZ dropped 2.3%, while Fletcher Building, Serko, and Mainfreight fell between 1.4% and 1.7%. Still, the NZX 50 remains on track for a third consecutive weekly gain, up around 0.9% so far, buoyed by continued record highs on Wall Street and optimism over easing U.S. export curbs on chips to China. Meanwhile, soft factory and services data from the mainland in June added to expectations that Beijing may roll out new stimulus measures, especially with the Politburo meeting anticipated later this month.

New Zealand equities Eye Third Weekly Advance

In New York,  the Dow Jones Index went up by 344 points or 0.77 percent on Thursday. Top gainers were Travelers Companies (2.64%), Boeing (1.78%) and IBM (1.50%). Biggest losses came from Merck (-1.69%), 3M (-1.07%) and P&G (-0.43%).

The Dow Jones Index Closes 0.77% Higher

The Ibovespa surged 1.4% to close at fresh all-time highs of 140,928 on Thursday, propelled by financials and supported by both global and domestic developments. Non-resident investors poured a record R$21.5 billion into B3 by the end of May, providing broad-based support for blue-chip and mid-cap names. Externally, a stronger-than-expected 147,000 US nonfarm payrolls print and the US–Vietnam trade pact renewed risk appetite, driving reallocations into emerging-market equities. Financial heavyweights Banco do Brasil, B3, Itaúsa and Bradesco led gains of 1.4%–2.3%, while Petrobras added 0.8% after unveiling a R$26 billion investment to integrate the Reduc refinery with the Boaventura complex, bolstering confidence in energy-sector cash flows. On the industrial front, Embraer surged 3.9% on news of a 45-aircraft order from SAS, underscoring resilient export demand in aerospace.

Ibovespa Hits All-Time High

The S&P/TSX Composite closed 0.6% higher at a fresh record of 27,034 on Thursday, driven by gains in technology and financials amid optimism over a US–Vietnam trade agreement and robust US employment data. Canadian tech leaders Shopify and Constellation Software jumped 2.1% and 1.1%, respectively, while financial stalwarts Brookfield Asset Management and Bank of Montreal added 2.7% and 1.1%. Those advances more than offset declines in energy and base-metal miners as global metals prices softened. At home, Statistics Canada reported that May merchandise exports rose 1.1% and imports fell 1.6%, narrowing the trade deficit but leaving overall economic momentum muted. Talks to extend punitive US tariffs beyond the July?9th deadline remain unresolved despite Vietnam’s 20% reprieve, sustaining pressure on resource exporters. A stronger-than-expected 147,000 June US nonfarm payrolls print further bolstered confidence in North American growth.

TSX Sets Fresh Record

The three major averages in the US rose over 0.8% on Thursday, with the S&P?500 and Nasdaq?100 closing at record highs as nonfarm payrolls rose by 147K in June, well above the 110K consensus—and the unemployment rate unexpectedly fell to 4.1%, cementing the view of a resilient economy. Technology leaders rallied, Nvidia gained 1.3% and Synopsys jumped 4.2% on robust AI-driven earnings momentum and the White House’s decision to lift export restrictions on chip-design software to China. Meanwhile, broader market optimism was bolstered by progress on a US-Vietnam trade deal and the near-final House approval of President Trump’s $3.4?trillion tax-and-spending bill. Chip-design peers Cadence Design and Synopsys each added about 5%, and Datadog soared 10% after its imminent inclusion in the S&P?500. Markets will close early today and remain closed Friday for Independence Day.

S&P 500 and Nasdaq 100 Close at Fresh High

The FTSE 100 rose on Thursday, recovering from the previous session’s losses as Prime Minister Keir Starmer and Chancellor Rachel Reeves moved to calm markets by affirming their commitment to fiscal discipline and economic stability. Their remarks helped lift both gilts and the pound, boosting confidence across UK assets. Gains in equities were partially trimmed after a stronger-than-expected US jobs report. UK private sector activity also showed stronger growth than initially estimated in June, supporting sentiment. Lloyds Banking and Barclays were among the best performers, rising 3.2% and 2%, respectively. British American Tobacco and Relx also advanced. However, AstraZeneca dropped over 1.5% amid reports it is in advanced talks with Summit Therapeutics for a lung cancer drug licensing deal potentially worth up to $15 billion. The deal may involve a significant upfront payment and future milestones, though other pharmaceutical firms are reportedly also in discussions with Summit.

FTSE 100 Rebounds on Thursday

In Frankfurt,  the DAX Index rose 144 points or 0.61 percent on Thursday. Leading the gains are Commerzbank (2.44%), Henkel (2.00%) and Infineon (1.89%). Top losers were BASF (-2.18%), Rheinmetall (-1.91%) and Puma (-1.61%).

The DAX Index Closes 0.61% Higher

The FTSE MIB rose 0.4% on Thursday to close at 39,943, in line with broad gains across European markets. European equities continue to outperform their US peers in 2025, with investors now weighing whether to lock in profits or stay exposed ahead of key events. Focus remains on US-EU trade talks as the July 9 deadline nears. President Trump has warned of 50% tariffs on EU imports if no agreement is reached. EU Trade Commissioner Maroš Šefcovic will meet with US officials in Washington this week to seek a basic deal, leaving complex sector negotiations for later. On the corporate front, STMicroelectronics led the gains with a 2.3% jump after the US lifted export curbs on chip design software to China. Strong performances were also seen from Telecom Italia (+2.1%), Unipol (+1.4%), and Finecobank (+1.2%). On the downside, A2A (-1.1%), Diasorin (-1.0%), Nexi (-0.9%), and Moncler (-0.8%) declined.

FTSE MIB Rises as US-EU Trade Talks Enter Final Stretch

The CAC 40 rose 0.2% at close to 7,755 on Thursday, extending the previous session's gains as market sentiment improved amid encouraging signs on global trade relations. In a positive development, the United States lifted restrictions on the export of chip design software to China, allowing US companies to resume sales without the need for a license. Meanwhile, despite new US tariff threats on goods from Vietnam and other Southeast Asian countries, markets remained resilient, with investors betting that tensions will stay limited to specific sectors. In Europe, the release of the services PMI indicates a resumption of growth in the euro zone, reinforcing positive sentiment among investors. Among the biggest gainers were STMicro (2.3%), Thales (2.1%) and SocGen (1.9%). On the downside, some stocks bucked the trend, such as LVMH's correction (-0.5%), after consecutive gains, and led by Engie (-2.3%) and Kering (-2.1%).

French Stocks Rise Amid Easing Trade Tensions

The Ibovespa rose 1.5% to surpass 141,000 and reach a new all-time high on Thursday, as investors assessed US payroll data and tracked Petrobras developments. The US added 147,000 jobs in June, above expectations, supporting US growth expectations but lifting emerging-market credit costs. In Brazil, attention turned to Petrobras’s press conference on new investments in refining and petrochemicals in Rio de Janeiro, driving their shares to trade flat despite a negative session for crude oil. President Lula is in Buenos Aires for the Mercosur summit and is expected to meet with former President Cristina Kirchner. Vale traded near flat, while major banks advanced (Santander +0.2%, Itaú +0.6%). Retailers also gained, led by Magazine Luiza (+0.7%) and Americanas (+0.6%). Embraer climbed 1.9% after reporting a 30% year-on-year jump in Q2 deliveries, totaling 61 aircraft. Airlines rose in response, with Azul up 1.1% and Gol surging 7.3%.

Ibovespa Hits Record High

In New York,  the Dow Jones Index is up by 246 points or 0.55 percent on Thursday. Top gainers are Boeing (1.50%), Travelers Companies (1.38%) and Amazon (1.22%). Biggest losses came from Merck (-0.64%), Home Depot (-0.52%) and Coca-Cola (-0.42%).

The Dow Jones Index Opens 0.55% Higher

The S&P/TSX Composite Index climbed roughly 0.3% to above the 26,900 mark on Thursday, marking a fresh record high led by strength in technology and financial names that more than offset weakness among commodity producers. Mega-caps RBC, Shopify, Brookfield, Manulife and Open Text each gained between 0.5% and 1.4%, tracking US peers following firmer US labor market cues, June’s surprisingly robust payrolls print of 147,000 versus expectations of 110,000 underscored the resilience of the American economy. At home, Statistics Canada reported that May merchandise exports rose a modest 1.1% while imports fell 1.6%, narrowing the trade deficit but doing little to counter broader economic lethargy. Meanwhile, negotiations over punitive US tariffs beyond the July 9th deadline remain unresolved despite Vietnam’s 20% deal, maintaining pressure on Canada’s resource exporters.

TSX Poised for Fresh Record High

US stocks were higher on Thursday after fresh evidence of a robust labor market consolidated the view of a resilient economy. The three main indices were around 0.5% higher, with the S&P 500 and the Nasdaq reaching new records. Non-farm payrolls rose by 147K in June, well above expectations of a 110K gain, while the unemployment rate unexpectedly dropped to 4.1%. The data pushed back against concerns that tariffs and economic uncertainty had hampered employment, underscoring the resilience of the US economy. In turn, representatives in the lower House cleared a hurdle to be on track to pass Trump's tax and spending bill, seen as expansionary to US fiscal policy. Also, reports indicated stalled trade negotiations ahead of next week's deadline following the confirmation of 20% tariffs on Vietnam. Cadence Design and Synopsys jumped 5% after the White House lifted controls on chip design exports to China. Also, Datadog jumped 10% as it was added to the S&P 500, replacing Juniper Networks.

S&P 500 Extends Record After Strong NFP

Frankfurt's DAX traded about 0.4% higher around 23,880 on Thursday afternoon, in line with its regional peers, as the focus remained on trade negotiations ahead of the looming deadline on July 9. The removal of certain US export curbs on chip design software to China helped boost sentiment. There were reports that the EU and the US are progressing toward a “political understanding” to address their tariff dispute by July 9, rather than securing a comprehensive agreement. Meanwhile, a better-than-expected US jobs report in June eased economic concerns and reduced the likelihood of near-term Fed rate cuts, despite ongoing uncertainties.

DAX Keeps Gains

US stock futures rose on Thursday after fresh evidence of a robust labor market eased concerns of a softening economy. Contracts tracking the three main indices were 0.3% higher. Non-farm payrolls rose by 147K in June, well above expectations of a 110K gain, while the unemployment rate unexpectedly dropped back to 4.1%. The data pushed back against concerns that tariffs and economic uncertainty had hampered employment, underscoring the resilience of the US economy. In turn, representatives in the lower House cleared a hurdle to be on track to pass Trump's tax and spending bill, seen as expansionary to US fiscal policy. Also, reports reflected stalled trade negotiations ahead of next week's deadline following the confirmation of 20% tariffs on Vietnam. On the corporate front, BlackRock futures were muted after reports that is considers selling its leasing rights to Aramco's natural gas pipeline network. Also, Datadog jumped 10% as it was added to the S&P 500, replacing Juniper Networks.

Futures Extend Gains After Strong Jobs Report

US stock futures were marginally higher on Thursday as markets awaited the key jobs report and the likely passing of President Trump's tax bill. Contracts tracking the three-main equity indices were slightly above the flatline. June's jobs report is expected to show that 110K nonfarm payrolls were added to the US economy, although hopes of strong numbers were tapered following yesterday's unexpected job-decline reflected on the ADP report. In the meantime, representatives in the lower House cleared a hurdle to be on track to pass Trump's tax and spending bill, seen as expansionary to US fiscal policy. Also, reports reflected stalled trade negotiations ahead of next week's deadline following the confirmation of 20% tariffs on Vietnam. On the corporate front, BlackRock futures were muted after reports that is considers selling its leasing rights to Aramco's natural gas pipeline network. Also, Carlyle was due to sell Dainese to HPS.

US Stock Futures Inch Higher

India's BSE Sensex closed about 0.2% lower at 83,239.5 on Thursday, as late selling in financial and metal shares erased earlier gains. Investors remained cautious, balancing hopes of a US-India trade deal with FII selling pressure. Reuters reported that trade negotiators from both countries pushed on Wednesday to finalize a tariff-reduction deal, although some disagreements remained. On the domestic data front, a final PMI survey showed India’s private sector growth reached a 14-month high in June 2025, driven by the fastest growth in services and manufacturing in 10 and 14 months, respectively. Of the 30 constituent stocks, 19 ended lower. Kotak Mahindra Bank, Bajaj Finserv, Bajaj Finance, Adani Ports, State Bank of India, Titan, Tata Consultancy Services, and Trent saw the biggest declines. On the other hand, companies like Maruti Suzuki, Infosys, NTPC, Asian Paints, Hindustan Unilever, and Eternal, stood out.

Sensex Ends on Lower Note

The Hang Seng dipped 151 points or 0.6% to finish at 24,070 on Thursday, reversing previous strength as falls hit most sectors, particularly consumer, financial, and tech. Caution prevailed ahead of key U.S. payroll data after the first drop in private sector jobs in over two years. In China, a private survey showed services activity fell to a nine-month low in June, weighed by the steepest decline in foreign sales in over two years amid mounting trade headwinds. Fierce competition among mainland e-commerce giants also raised concerns over profit margins. The index trimmed early losses on an uptick in U.S. futures after Trump’s trade deal with Vietnam. Meantime, U.S. chip design firms reported easing export curbs to China, and the U.S. House narrowly passed Trump’s tax and spending bill. Alibaba slid near 3% after launching a CNY 50 billion subsidy plan, while Meituan and JD.com lost 2.4% and 2.3%, respectively. Pharma stocks advanced on fresh policy support for innovative drugs.

Hang Seng Pares Losses at Close

The FTSE MIB fell 0.4% to around 39,620 on Thursday, reversing some of the previous session’s gains and underperforming its European peers, weighed down by losses in financial stocks. Meanwhile, investors remained focused on trade developments, with news showing that the US lifted certain chip design export restrictions on China—another sign of easing tensions and a possible trade truce. On the bourse, declines were led by UniCredit and Banca Monte dei Paschi di Siena, both down around 1%, followed by Intesa Sanpaolo (-0.5%), Bper Banca (-0.7%), and Banca Mediolanum (-0.4%). These losses were partly offset by gains in the semiconductor sector, with STMicroelectronics advancing more than 1%. On the data front, a fresh PMI survey showed that both the Italian private sector and services sector expanded at their weakest pace since March.

Italian Shares Decline

Frankfurt's DAX edged up 0.2% to trade above 23,800 on Thursday, extending yesterday’s gains, supported by auto and tech stocks amid optimism on trade negotiations. News of the US lifting some chip design export controls on China lifted sentiment, marking another sign of easing tensions and a prospective trade truce. Vietnam’s Tuesday trade agreement with the US eliminated tariffs on American goods, boosting hopes for a similar US-EU deal. Meanwhile, ECB minutes and US labor market data will take center stage today, with both likely to impact the economic outlook and rate cut expectations.

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