🌅 Morning Update | 03.07.2025 📉 Asia-Pacific Markets Mixed Chinese indices fall -0.70% to -1.20%, 🇦🇺 Australia and 🇸🇬 Singapore down ~0.20%, while 🇯🇵 Japan trades flat. 📊 All Eyes on U.S. Jobs Report 🗓 Nonfarm payrolls will be out today (Thursday) due to 🇺🇸 Independence Day. ⚠️ The release follows the first negative ADP print since early 2022. 🗣 Trump vs Powell – Again Trump calls for Fed Chair Powell’s immediate resignation. 👀 Rumours swirl that Trump may have seen weak jobs data in advance. 📅 Powell’s term ends in May 2026 — but he could legally stay on until 2028. 🏛 “Big Beautiful Bill” on Hold The House has not yet voted on Trump’s signature bill. 🗳 Speaker Mike Johnson leaves the vote open, struggling to build GOP unity. 📌 Outcome is key for Trump’s economic agenda. 💴 BoJ Hawkish Turn 🇯🇵 BoJ’s Hajime Takata supports resuming rate hikes, citing corporate strength and wage growth. 📉 Australia Trade Surplus Misses May: AUD 2.24B vs AUD 5.1B forecast 📦 Exports -2.7% | 📥 Imports +3.8% No major market reaction. 💼 Japan Services PMI June final: 📈 51.7 — third month of expansion. 📊 Sentiment at 4-month high, though export growth slows. 🛃 S. Korea–U.S. Tariff Talks Struggle 🇰🇷 President Lee: Talks are “very difficult.” 🤝 Seeks practical deal by July 8 — but chances look slim. 🔥 N. Korea–Russia Military Pact 🪖 Up to 30,000 DPRK troops may be sent to 🇷🇺 Russia — deployment could begin as early as July–August. 🚀 Trade global markets 24/7 with NordFX — your gateway to Forex, crypto, indices, and more. Start with just $10!