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Market Review

US:

US stocks dropped on Friday after data showed a marked slowdown in job growth and the unemployment rate rose, and US President Donald Trump unveiled a slew of new tariffs.

Asia:

Asian share markets followed Wall Street lower on Monday as fears for the U.S. economy returned with a vengeance, spurring investors to price in an almost certain rate cut for September and undermining the dollar.

India:

Indian stock markets logged their fifth consecutive week of losses on Friday amid trade uncertainties with the US and persistent foreign institutional outflows. Market is expected to open on a positive note and likely to witness positive move during the day.

Global economy:

U.S. jobs report for July 2025 delivered a sobering reality check for the American economy. Only 73,000 jobs were added in July, marking the slowest monthly gain in over two years. This sharp decline in job creation has triggered widespread concern among economists, market watchers, and policymakers, especially as it follows months of relatively stable employment figures. To make matters worse, the unemployment rate ticked up slightly, signaling that cracks may finally be forming in what had previously appeared to be a resilient labor market.

The Federal Reserve has started work on a new risk-based capital rule that would be less demanding for major U.S. banks than a previous Biden administration proposal, according to a report from Bloomberg, citing sources familiar with the plans. Fed Vice Chair for Supervision Michelle Bowman is leading the development of this simplified measure for bank capital requirement calculations. Regulators are largely discarding the original 1,087-page proposal from two years ago and aim to release a new plan as early as the first quarter of 2026. The future of the Basel III Endgame initiative has been uncertain since President Donald Trump took office.

Commodities:

Oil prices extended declines on Monday after OPEC+ agreed to another large production hike in September, with concerns about a slowing economy in the U.S, the world's biggest oil user, adding to the pressure.

Gold prices slipped on Monday as investors booked profits after a sharp rise in the previous session following weaker-thanexpected U.S. jobs data that boosted expectations for a Federal Reserve interest rate cut in September.

Currency:

A battered dollar edged marginally higher on Monday after a dismal U.S. jobs report and President Donald Trump's firing of a top labour official stunned investors and led them to ramp up bets of imminent Federal Reserve rate cuts.

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