MARKET COMPASS – July 2, 2025
Tariffs and Macro Indicators
- Global markets are closely monitoring economic data and trade tensions after Trump said he would not delay the July 9 deadline for imposing higher tariffs on trading partners.
- Trump threatened to increase tariffs on Japan for not buying rice from the US. Regarding the European Union, the process seems to be progressing better. European stock markets are generally trading on the positive side.
- On the other hand, all eyes are on the vote on President Trump’s tax bill. The 3.3 trillion-dollar bill for tax and spending cuts passed the US Senate on Tuesday with 51 votes against 50. The bill will now be sent to the House of Representatives.
- Before the non-farm payrolls data to be announced tomorrow due to the holiday in the US on Friday, eyes will be on ADP private sector employment data today. These data, which may shape the interest rate cut expectations of the US Federal Reserve (FED), will be important.
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ADP Non-Farm Employment Change; shows the estimated change in the number of people employed in the previous month, excluding the agricultural sector and government, by analysing payroll data from more than 25 million workers to obtain estimates of employment growth by Automatic Data Processing, Inc (ADP). It usually gives a hint of employment growth 2 days before the employment data released by the government. Usually, lower-than-expected ADP data has a positive impact on digital assets.
Highlight of the Date
Important Economic Calender Data
| Time | News | Expectation | Previous |
|---|---|---|---|
| All Day | Ethena (ENA) 40.63MM Token Unlock | ||
| All Day | Conflux (CFX) CIP-156 Fork | ||
| All Day | Arkham (ARKM) Cannes Happy Hour | ||
| 12:15 | US ADP Nonfarm Employment Change (Jun) | 110K | 37K |
Information
*The calendar is based on UTC (Coordinated Universal Time) time zone.
The economic calendar content on the relevant page is obtained from reliable news and data providers. The news in the economic calendar content, the date and time of the announcement of the news, possible changes in the previous, expectations and announced figures are made by the data provider institutions. Darkex cannot be held responsible for possible changes that may arise from similar situations.
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