Overnight Headlines 3rd July 2026

Morning Pack — Friday 3 July 2026

US holiday: US markets are closed today for Independence Day observance. US bond levels shown are prior session marks, not live trading.

Market tone

Risk is firmer in Asia after the tech-led US wobble, but the rally is uneven: Dow futures are higher while Nasdaq implied open is weaker. Asia is broadly green, led by Korea and China tech-heavy indices. Gold and oil are both firmer, while US Treasury curves are slightly steeper.

Asia-Pacific

Index	Price	Net	%
Nikkei 225	69,510.91	+777.76	+1.13%
Shanghai	4,068.876	+39.972	+0.99%
Shenzhen Comp	15,818.118	+319.307	+2.06%
Hang Seng	23,338.38	+283.35	+1.23%
ASX 200	8,848.50	+124.00	+1.42%
KOSPI	8,035.94	+387.85	+5.07%
Straits Times	5,233.98	+16.83	+0.32%
NZX 50	13,618.42	+36.23	+0.27%

Headlines

• Anthropic moves to close loopholes that allow Chinese access to Claude
• UK credit card defaults hit highest level since financial crisis
• Stocks rebound after tech-led selloff, gold climbs
• Dow futures rise after AI stock selloff
• Asia markets trade broadly higher as chip slump weighs on sentiment
• Surging Wall Street profit forecasts fuel fears of ‘earnings bubble’
• Trump allies double down on efforts to reshape Federal Reserve

US futures / cash close

Market	Price	Net	%	Implied open
Dow futures	53,276.0	+93.00	+0.18%	+715.76 / +1.36%
S&P futures	7,552.5	+24.25	+0.32%	+18.27 / +0.24%
Nasdaq futures	29,823.0	+267.00	+0.89%	-191.13 / -0.64%
Russell 2000 futures	3,020.6	+6.40	+0.21%	-20.99 / -0.69%

US cash close

Index	Close	Net	%
Dow	52,900.07	+594.83	+1.14%
Nasdaq	25,832.672	-207.359	-0.80%
S&P 500	7,483.24	+0.01	+0.00%
Russell 2000	2,996.11	-16.479	-0.55%
VIX	16.15	-0.44	-2.65%

Bonds

Bond	Yield	Move
US 2Y	4.137%	-2.7 bps
US 5Y	4.230%	unch
US 10Y	4.485%	+1.0 bp
US 20Y	4.988%	+1.6 bps
US 30Y	4.985%	+1.9 bps

FX

Pair	Price	Net	%
USD/JPY	161.05	-0.04	-0.0248%
EUR/USD	1.1451	+0.0021	+0.1837%
GBP/USD	1.3371	+0.0025	+0.19%
AUD/USD	0.6941	+0.0020	+0.29%
USD/CNY	6.7804	-0.0082	-0.1208%
USD/CAD	1.4161	-0.0020	-0.141%

Commodities

Commodity	Price	Net	%
WTI crude	69.09	+0.40	+0.58%
Brent crude	72.30	+0.50	+0.70%
Natural gas	3.233	+0.037	+1.16%
Gold	4,180.09	+54.15	+1.31%

Calendar — GMT

Time	Currency	Event	Forecast	Previous
All day	USD	United States — Independence Day holiday	-	-
07:55	EUR	Germany Services PMI	46.8	48.1
08:00	EUR	ECB President Lagarde speaks	-	-
08:00	EUR	Eurozone Composite PMI	49.5	48.5
08:00	EUR	Eurozone Services PMI	48.9	47.7
08:30	GBP	S&P Global Composite PMI	49.4	49.7
08:30	GBP	S&P Global Services PMI	48.7	49.3
15:00	GBP	BoE Governor Bailey speaks	-	-
15:00	EUR	Bundesbank President Nagel speaks	-	-