Core Viewpoint - Global stock markets are stabilizing following a rebound in U.S. stocks, with cautious sentiment prevailing ahead of key interest rate decisions from the Federal Reserve and the Bank of Japan [1] Market Performance - U.S. stock index futures rose nearly 0.2%, with the S&P 500 futures at 6853.00, up 12.75 points [1] - European and Asian stock indices showed mixed results, with the Euro Stoxx 50 up 0.4% and the Nikkei 225 closing up 1.1% [4] - The 10-year U.S. Treasury yield decreased by 1 basis point to 4.08%, while the 10-year Japanese government bond yield increased by 3 basis points to 1.885%, the highest since June 2008 [4] Economic Data and Expectations - Upcoming U.S. economic data releases include the November ADP private sector employment report and the September Personal Consumption Expenditures (PCE) price index, which are expected to influence market sentiment [1] - Analysts express concern that any unexpected positive data could lead to a short-term market pullback, given the current dovish market expectations [1] Commodity and Cryptocurrency Trends - Oil prices increased, with WTI crude oil rising over 0.4% to $58.9 per barrel, while silver prices fell slightly after reaching a historical high [4] - The cryptocurrency market remains active, with Bitcoin rising 2.5% to $93,892.01 and Ethereum up 2.8% to $3,081.45 [4][8] Currency Movements - The U.S. dollar index fell over 0.2% to 99.1, while the Indian rupee dropped to a historic low against the dollar, reflecting ongoing pressures from trade negotiations and capital outflows [4][10]

Group 1 - The U.S. non-farm payrolls increased by 139,000 in May, which is higher than the market expectation of 130,000, but reflects a slowdown in job growth amid trade policy uncertainties [17] - The unemployment rate remained unchanged at 4.2% for the third consecutive month, indicating a potential delay in the Federal Reserve's interest rate cuts [17] - The U.S. economy needs to create approximately 100,000 jobs per month to keep pace with the growth of the working-age population, which may decline due to immigration policy changes [17] Group 2 - Financial markets expect the Federal Reserve to maintain the benchmark overnight interest rate in the range of 4.25% to 4.50% this month, with a possibility of resuming easing policies in September [17] - The job growth in May reflects businesses hoarding workers amid uncertainty over tariffs, which is hindering their ability to plan ahead [17] - The opposition from conservative Republicans and figures like Elon Musk to President Trump's tax and spending proposals adds another layer of uncertainty for businesses [17]