US private payrolls fell in June, trade deal with Vietnam impacts rate cut bets

From Investing.com: 2025-07-03 06:03:00

US private payrolls fell unexpectedly in June, raising concerns about a potential miss in the upcoming NFP report. The US struck a trade deal with Vietnam before the July 9 deadline, impacting rate cut bets. The pound slipped amidst political instability, as UK Prime Minister Starmer’s future remains uncertain. Stocks gained on Wall Street ahead of the NFP report, with gold potentially extending its rebound if the data signals a softer labor market. The market awaits the release of nonfarm payrolls, as investors speculate on the possibility of a July Fed rate cut.



Read more at Investing.com: Nonfarm Payrolls Take Center Stage