🌐 Global Market Highlights

1. Asian Markets & U.S. Outlook

Asia‑Pacific equities rose modestly (~0.2%), while Hong Kong’s Hang Seng fell ~0.6%, weighed down by weakness in China’s services sector .

All eyes are on the U.S. June jobs report—a slowdown in payrolls might pave the way for a Federal Reserve rate cut .

2. Wall Street Strength

The S&P 500 hit a new all-time closing high (6,227), while the Nasdaq inched up ~0.7–0.9% .

Rally fueled by a U.S.–Vietnam trade deal, boosting exporters like Nike (+4.1%) and tech firms such as Oracle (+5%) and **Tesla (+5%)** .

3. Volatility Risks Ahead

U.S.–EU tariffs looming on July 9 and a France budget vote on July 14, plus potential U.S.–China trade deal deadline in August, have investors bracing for swings .

The lifting of the 90-day tariff pause on July 9 could trigger renewed volatility .

4. Mixed Analyst Sentiment

Some bearish voices like Rosenberg and Shilling warn of stretched valuations (S&P P/E ~22, Buffett Indicator ~198%) and a possible recession .

Others see opportunities in Europe, predicting increased defense, engineering, and semiconductor stock flows amid U.S. policy uncertainty .