Morning Economic Report 8-4-25

Composure in bourses is regained after the NFP disappointment. APAC is pushed on by stimulus plans mooted in Shanghai press involving relaxed PBoC attitude to RRR and other tools to bolster growth in Q3 and Q4. The USD takes back some ground after Friday’s fall. More Trump pressure on the FED and that he sacked the head of the Bureau of Labour Statistics causes financial anxiety. Employment and yields also see an adjustment to rate cut pricing which has increased from just over 30bps on Friday to 60bps for the balance of year. Eyes on US Durable Goods and Factory Orders. DAX +1.02%, CAC +0.76%, FTSE -0.15%, Euro STOXX600 +0.55%. JPY adjusts sharply after the rally on Friday, USD still licking its wounds. DXY 98.86. Gold 3586. BTC $114,535.