U.S. June Nonfarm Employment to Hit 115,000 on Thursday; SK Hynix Plans $30B U.S. IPO on July 10

The U.S. June nonfarm employment report will be released on Thursday, July 2, with economists expecting payroll gains of 115,000 jobs, according to market expectations. Following three consecutive months of solid job growth in May, strong data could further fuel market bets on a Federal Reserve rate hike as early as September under new Fed Chair Kevin Warsh. The employment figures arrive amid heightened Fed speculation around inflation control as the central bank's first priority.

Separately, SK Hynix is conducting a U.S. roadshow ahead of its American depositary receipt (ADR) listing scheduled for July 10, targeting fundraising of approximately $30 billion. The South Korean chip manufacturer's listing underscores ongoing market focus on Asia's semiconductor sector amid tight chip supply and elevated demand.