Overview

• The DAX opened near 23,800 points on July 4 after two days of gains as investors pulled back ahead of US labor data and a looming tariff deadline.
• Forecasts anticipate 110,000 US jobs added in June and a rise in the unemployment rate to 4.4 percent following ADP’s report of the first private-sector job losses in over two years.
• President Trump has threatened to impose 50 percent tariffs on EU imports starting July 9 if trade negotiations do not yield a deal.
• The bipartisan Congressional Budget Office projects that the newly passed fiscal package will add $3.4 trillion to US federal debt, raising it toward $36.2 trillion.
• Brent and WTI crude prices dipped to approximately $68.6 and $66.9 per barrel on muted demand projections and ongoing geopolitical strains.