Asian shares post modest gains before US payrolls
inched higher in the leadup to
US jobs data
, after US stocks hit another record following Donald Trump's announcement of a trade deal with Vietnam.
A regional equity gauge opened up 0.2% after the S&P 500 closed at another record high Wednesday. News of a trade deal supported apparel stocks including Nike Inc. amid hopes the latest accord will avert a potential supply-chain catastrophe. The dollar held its losses, hovering around three-year lows.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
The Top 25 Most Beautiful Women In The World
Car Novels
Undo
Treasuries edged up modestly in early Asian trading Thursday after yields rose in the prior session following heavy selling in the UK, where concerns about Chancellor of the Exchequer Rachel Reeves' future reignited questions over the nation's fiscal position. In Japan, 10-year bonds declined ahead of a closely watched auction of 30-year sovereign notes at 12:35 p.m. in Tokyo.
The cross-asset moves underscored cautious optimism as traders contend with pockets of uncertainty ahead of jobs data that will help identify the path ahead for interest rates. Like in the UK, investors have raised concerns in the US, where Trump's signature economic legislation stalled in the House Wednesday afternoon as Republican fiscal conservatives delayed a key procedural vote.
On the Vietnam trade deal, Trump said he reached a deal with the country after weeks of negotiations. A 20% tariff will be placed on Vietnamese exports to the US, with a 40% levy on any goods deemed to be transshipped through the country. Trump said that Vietnam had agreed to drop all levies on US imports.
Live Events
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
7 minutes ago
- Time of India
Stock Market Hours Today, July 3: What time does the US stock market open and close today?
Stock market hours today on July 3 are shorter than usual business days as the United States prepares for the Fourth of July holiday. The financial markets have adjusted their schedules. Traders, investors and market observers should note the changes in stock and bond market hours for July 3. This report shares the specific opening and closing times for US exchanges and other key services. Is Stock Market Open on July 3rd? The Nasdaq Stock Market and New York Stock Exchange (NYSE) will close early at 1 p.m. Eastern Time on July 3, following the traditional schedule before Independence Day. This early closure gives market participants time to prepare for the national holiday. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Other NYSE-related exchanges will also adjust their trading hours: NYSE American Equities, NYSE Arca Equities, NYSE National, and NYSE Texas late trading sessions will close at 5 p.m. Eastern on July 3. Eligible NYSE options markets will end early at 1:15 p.m. Eastern. Bond Market Hours on July 3 US bond trading will end at 2 p.m. Eastern Time on Thursday, July 3. This follows the early closure tradition ahead of a federal holiday. Live Events The Securities Industry and Financial Markets Association confirmed the bond market schedule, which applies to both corporate and government bond trading. Will Stock Market Open on July 4? The US stock and bond markets will be closed on Friday, July 4, in observance of Independence Day. This includes: Nasdaq New York Stock Exchange US bond markets When will the Stock Market Open Next? Trading will resume at normal hours on Monday, July 7. Also Read: NYT Strands Hints Today, July 3, 2025: Answers, theme, spangram, clues and tips for mastering the word puzzle Stock Market Trends Around July 4 According to Dow Jones Market Data, the S&P 500 has gained around 5% on average from the start of the year through July 4 over the past five years. The 10-year average is 5.8%. In 2025, the index has gained 5.4% through early July, even as global trade tensions affected markets in the second quarter. 4th of July History Independence Day marks the formal adoption of the Declaration of Independence in 1776. The Continental Congress approved the resolution on July 2 and finalized the document on July 4. Notable signers included Thomas Jefferson, Benjamin Franklin, and Samuel Adams. Celebrations began as early as the first anniversary in Philadelphia, described in a letter by John Adams. However, it became a consistent annual tradition only after the War of 1812. Congress made the Fourth of July a federal holiday in 1870. Are Global Markets Open on July 4? Yes, international markets will remain open on July 4. Markets that will operate as usual include: London Stock Exchange Euronext Paris Stock Exchange of Hong Kong Shanghai Stock Exchange Tokyo Stock Exchange The US holiday does not affect trading schedules in other countries. Also Read: The Boys Season 5 Big Bombshell Update: Creator Eric Kripke spills the beans about filming, production, release window Bank and Postal Services Most US banks will be closed on July 4, following the Federal Reserve holiday calendar. This includes: Bank of America JPMorgan Chase Capital One Wells Fargo Post offices will be closed as the US Postal Service observes Independence Day as a holiday. Delivery Services FedEx and UPS will not provide standard services on July 4. Details include: FedEx Office locations will have modified hours on July 3 and 4. FedEx Custom Critical will be operating both days. UPS pickup and delivery will be unavailable on July 4. UPS Express Critical will remain in service. Some UPS Store locations may be closed; customers are advised to check locally. When Is the Next Market Closure? After July 4, the next scheduled stock market holiday is Monday, September 1, in observance of Labor Day. Markets will operate normally between July 7 and August 30. FAQs What time does the stock market close today , July 3? The Nasdaq and New York Stock Exchange will close early at 1 p.m. Eastern Time today, July 3. Is the stock market open on July 4, Independence Day? No, US stock and bond markets will be closed on July 4 for the Independence Day holiday.
Indian Express
11 minutes ago
- Indian Express
Mark Zuckerberg crashes Trump's classified Oval Office briefing, asked to leave: report
In a scene that left Pentagon brass stunned, Meta CEO Mark Zuckerberg reportedly wandered into a classified Oval Office briefing on the US military's next-generation fighter jet. Earlier this year, top Air Force generals arrived at the Oval Office for a classified briefing on the 'F-47,' America's sixth-generation stealth fighter jet, named in honour of Trump as the 47th US president. But the secure meeting reportedly took an unexpected turn when Meta CEO walked in unannounced, according to an NBC News report cited by The Independent. Zuckerberg's sudden entrance raised eyebrows, as White House officials were concerned the tech mogul lacked the security clearance required for such a high-level defence discussion. Though Zuckerberg was eventually asked to step out, the incident rattled military leaders. 'They were mystified and a bit unnerved by the lack of privacy,' one official told NBC, suggesting that they even questioned whether sensitive information had been compromised. The scene, insiders say, is emblematic of the 'bizarro world' atmosphere inside the Trump White House, where formality has been replaced by chaos and walk-ins are common. President Trump, who has reportedly nicknamed the Oval Office 'Grand Central Terminal' after New York's bustling transit hub, has embraced a freewheeling, drop-in style for meetings. Cabinet secretaries, advisers, and even business leaders are said to wander in and out — often staying around for unrelated meetings just in case decisions are made. 'He likes to schmooze and bounce things off whoever is around,' a White House aide told The Independent. That includes billionaire guests like Zuckerberg, who allegedly visited for a separate meeting but found himself in the room during one of the most secretive defence briefings of Trump's presidency. One person who's been present at these chaotic meetings told NBC: 'No one wants to miss the decision.' The reported culture shift is a stark contrast to past administrations, where Oval Office access was tightly managed. Even senior officials are said to now linger at the White House, hoping to have the president's ear — or at least catch a key moment. The report didn't clarify whether Zuckerberg overheard any classified material, but the optics have raised questions about protocol, national security, and Trump's governing style. The Pentagon and Secret Service have not officially commented on the incident.
Time of India
11 minutes ago
- Time of India
Radhakishan Shivkishan Damani portfolio: Ace investor's NSE stake hits Rs 9,300 crore ahead of IPO; exchange becomes his No. 2 holding by value after DMart
As the National Stock Exchange (NSE) moves closer to its long-awaited IPO, ace investor Radhakishan Damani 's early-stage investment in the bourse is delivering massive paper gains. His 1.58% stake—equivalent to 3.91 crore shares—is currently valued at around Rs 9,300 crore in the unlisted market, based on the latest grey market price of Rs 2,389 per share. This makes NSE Damani's second-largest holding by value, trailing only Avenue Supermarts ( DMart ), the retail major he founded, and placing it ahead of other notable portfolio bets such as Trent (Rs 2,788 crore) and VST Industries (Rs 1,560 crore). While it remains unclear whether Damani plans to offload any of his NSE shares during the IPO, the listing is poised to become a significant catalyst for his overall net worth, according to an ET report. The NSE stake stands out in a portfolio best known for high-conviction plays in consumer-facing sectors. Damani's core holding in DMart is currently valued at Rs 1.92 lakh crore. His investment in NSE reflects a broader strategic shift into financial infrastructure—low-noise, high-value assets with long-term tailwinds. As per data available for March 2025, Damani's portfolio across 12 publicly disclosed companies stands at over Rs 1.99 lakh crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo The NSE holding, now nearing Rs 10,000 crore in value, could add a powerful new dimension to that tally once the exchange is listed. The NSE IPO is expected to attract strong investor interest, given the exchange's dominant market share in cash equities, robust financials, and the resolution of key regulatory hurdles. The exchange received SEBI's green light to file its Draft Red Herring Prospectus (DRHP), with a potential listing likely by the final quarter of FY26. While legacy issues such as co-location and dark-fibre access had delayed NSE's IPO plans in the past, the resolution of these concerns has cleared the way for a formal listing process. Analysts expect strong demand for the issue, driven by the scarcity of listed plays in the financial infrastructure space. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
