Waiting for non-farm payroll data! Most Asian stock markets fell, the New Taiwan Dollar broke through the 29 mark, and gold and crude oil slightly declined

Despite Trump's "Big Beautiful" plan narrowly passing in the Senate, the market reaction has been relatively muted. Global stock markets traded within a narrow range on Wednesday, with investors showing caution and focusing on the upcoming tariff restart date of July 9 and the U.S. non-farm payroll data on Thursday.

U.S. and European stock index futures rose slightly, while most Asian stock markets fell slightly, with the Nikkei 225 index down 0.6%. According to CCTV News, Trump stated that the U.S. has already dealt with Japan and is uncertain whether an agreement will be reached. The U.S. dollar index is currently hovering near a three-year low, and the New Taiwan dollar has risen above the 29 NT$ to 1 US$ mark for the first time since late June. In other assets, gold and crude oil fell slightly.

IG Australia analyst Tony Sycamore said, "We are in a wait-and-see mode, and the data will determine the market's direction."

Investors are currently focused on Thursday's non-farm payroll data for clues about the Federal Reserve's policy direction. Economists predict that the U.S. added about 110,000 jobs in June, down from 139,000 in the previous month, with the unemployment rate expected to rise slightly to 4.3%.

The performance of major global assets is as follows:

• U.S. and European stock index futures rose slightly, with S&P 500 futures up about 0.3%, and European stock index futures up 0.4%. Most Asian stock markets fell slightly, with the Nikkei 225 index down 0.6%.
• The U.S. dollar index is currently hovering near a three-year low, and the New Taiwan dollar has risen above the 29 NT$ to 1 US$ mark for the first time since late June. The euro fell 0.2% against the dollar to 1.1781, and the yen depreciated to 143.82 against 1 US$.
• Brent crude oil and WTI crude oil fell about 0.2%.
• Spot gold fell 0.15% to $3,333 per ounce.
• The yield on the U.S. 10-year Treasury bond remained steady at 4.259%, showing no signs of a sharp decline in interest rates.

Global stock markets fluctuate within a narrow range; U.S. and European stock index futures rise slightly

The three major U.S. stock index futures rose about 0.3%.

Most European stock index futures rose, with the German DAX index up 0.27%.

Most Asian stock markets fell slightly, with the Nikkei 225 index down 0.6%, the Tokyo Stock Exchange index down 0.2%, and the Seoul Composite Index down 0.5%. Previously, CCTV News reported that According to reports, on July 1st local time, U.S. President Trump stated on Air Force One that the U.S. has dealt with Japan and is uncertain whether an agreement will be reached.

Dollar Lingers at Low Point

The U.S. dollar index is currently hovering near a three-year low, with a slight increase today. The New Taiwan Dollar has risen above 29 against the U.S. dollar, marking the first time since late June.

The euro has slightly declined by 0.2% to 1.1781 against the U.S. dollar.

The Japanese yen has depreciated to 143.82 against 1 U.S. dollar.

In the first half of 2025, the U.S. dollar faced continued selling pressure as investors sought alternative investments in response to Trump's chaotic trade policies. The euro has surged 14% so far this year, reaching its highest level since September 2021.

U.S. Treasury Yields Steady, Gold and Oil Slightly Lower

The yield on the U.S. 10-year Treasury bond remains steady at 4.259%, showing no signs of a sharp decline in interest rates.

After rising 2% in the first two trading days, gold has slightly decreased today. Spot gold fell by 0.15% to $3,333 per ounce.

Crude oil futures also dipped slightly, with Brent crude and WTI crude both down about 0.2%.