Weak US labor market eases interest pressure on the Fed – Wall Street mixed – Nasdaq under pressure as gold rises on easing interest risks – Meta's cloud initiative sends Asian chip values tumbling and drags SK Hynix down – DAX surges towards record for the third day in a row, driven by Bayer and Deutsche Bank – SoftBank enters NeoCloud business

USA & MACRO-ENVIRONMENT Wall Street recovers after a weak previous day The S&P 500 rises slightly, while the tech-heavy Nasdaq 100 turns negative. The catalyst for the positive trend is, ironically, a disappointment – the US jobs report for June is significantly weaker than expected. While the unemployment rate decreases, employment dynamics lose momentum sharply, led by the steepest decline in the hospitality sector since 2020. Economists had anticipated a boost from the ongoing soccer World Cup – according to Brad Conger of Hirtle...