iSAM Expands UK Presence with Move to New London Headquarters

Markets are looking ahead to the NFP report today, following poor results from yesterday’s ADP Non-Farm Employment data. The data is likely to show slower hiring and the highest unemployment rate since 2021, as the Trump administration’s trade and immigration policy shifts begin to leave an imprint.

US equities were generally range-bound, except for the Dow, which played catch-up with the S&P and Nasdaq and is attempting to test its own all-time highs.

The USD finished the first six months of the year with a 10.8% slide — its worst first-half performance since 1973. Trump's $3.3 trillion tax and spending bill, currently stirring conflicts with members of the Senate, has raised concerns over the country’s growing deficit.