CNH HIBOR in Hong Kong on Thursday was mixed across tenors. Overnight HIBOR rose 14 bps to 1.52439%, the highest since June 26. 1-week HIBOR ticked up to 1.61364%; 2-week HIBOR fell to 1.61364%, the lowest since June 22. 1-year HIBOR slipped to 1.73515%, the lowest since June 23.

Switzerland June CPI MoM 0.0% (exp. 0.1%; May 0.2%).

US hiring growth cooled sharply in June, tempering earlier job-market momentum. Nonfarm payrolls rose 57,000, with the prior two months revised down, the Bureau of Labor Statistics said on Thursday. The unemployment rate fell to 4.2% largely because labor force participation dropped sharply. The slowdown was driven by the biggest decline in leisure and hospitality payrolls since 2020; retail trade and information sectors also shed jobs, while health care and social assistance continued to add positions. The report says consumer spending has held up despite energy shocks from the Iran war, but household pessimism about high prices and wages lagging inflation may be keeping employers cautious on hiring.