US Morning Update

Latest edition · July 2, 2026

Market Intelligence: US Morning Update

Global markets show a mixed performance with a sell-off in Asian tech markets contrasted by European gains. Investors are focused on upcoming US payroll data and ongoing research into AI's macroeconomic and sector-specific impacts.

The report highlights significant volatility in Asian markets, specifically in Korea and Japan, while European equities display resilience. Goldman Sachs analysts provide an extensive update on AI's productivity implications, confirming an uptick in firm adoption to 20.6% in June. Key US focus remains on the upcoming June nonfarm payrolls report (expected at 130k) and a sector-specific outlook for small-caps and tech hiring, where analysts distinguish overhiring adjustments from rate-driven headwinds.

Key takeaways from the latest edition

• 1.Ongoing tech volatility drove an 8% sell-off in Korea, with Japan also posting significant losses, contrasting with higher European equities.
• 2.AI adoption among US establishments rose to 20.6% in June 2026; while labor market impacts remain narrow, productivity gains are expected to follow a non-linear path.
• 3.June nonfarm payrolls are expected to show a 130k increase, driven by temporary seasonal factors including the World Cup.

What this series covers

• Market Intelligence: US Morning Update
• Looking Ahead
• Performance of Global Indices
• Rating & Conviction List Changes
• Today's Events
• US Morning Call for July 2, 2026
• Notable Research not on the Morning Call
• Listening in: Webinars, Conferences & Podcasts
• Upcoming Conferences
• Webinar Replays
• Global Market Intelligence

Edition archive

• Market Intelligence: US Morning Update

  July 2, 2026

• Market Intelligence US Morning Update

  May 22, 2026

• Market Intelligence US Morning Update

  May 18, 2026

• Market Intelligence US Morning Update

  May 14, 2026

• Market Intelligence US Morning Update

  May 10, 2026