{"id":64196,"date":"2026-07-03T23:38:20","date_gmt":"2026-07-04T03:38:20","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-weak-us-jobs-report-south-korea-unveils-2035-space-vision\/64196\/"},"modified":"2026-07-03T23:38:20","modified_gmt":"2026-07-04T03:38:20","slug":"global-markets-react-to-weak-us-jobs-report-south-korea-unveils-2035-space-vision","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-weak-us-jobs-report-south-korea-unveils-2035-space-vision\/64196\/","title":{"rendered":"Global Markets React to Weak US Jobs Report; South Korea Unveils 2035 Space Vision"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold prices<\/a> surged to $4,174.61 per ounce<\/strong> after June Nonfarm Payrolls (NFP) showed only <strong>57,000 jobs added<\/strong>, far below the 110,000 forecast, cooling expectations for a Federal Reserve rate hike.<\/li>\n<li><strong>South Korea announced a strategic plan to deploy a low-Earth orbit (LEO) satellite network by 2035<\/strong>, aiming to establish a domestic version of SpaceX\u2019s Starlink to safeguard communications sovereignty.<\/li>\n<li><strong>Binance recorded $213 million in net USDT inflows<\/strong> within a 24-hour window, signaling a return of liquidity and investor confidence in the crypto exchange despite broader market volatility.<\/li>\n<li><strong>German industrial dominance is under severe threat from Chinese competition<\/strong>, with car exports to China plunging <strong>66% between 2022 and 2025<\/strong> as Beijing&#39;s technological edge in EVs expands.<\/li>\n<li><strong>A rare copy of the US Declaration of Independence was discovered in the UK<\/strong> after 250 years, found by a volunteer at The National Archives in Kew just ahead of the US semiquincentennial.<\/li>\n<\/ul>\n<h2>US Labor Market Softening Boosts Bullion<\/h2>\n<p>The price of <strong>Gold<\/strong> climbed significantly as the latest <strong>US Nonfarm Payrolls (NFP)<\/strong> report revealed a sharp slowdown in hiring. The US economy added just <strong>57,000 jobs in June<\/strong>, missing the consensus estimate of <strong>110,000<\/strong> by a wide margin. This data has led traders to slash the probability of a <strong>Federal Reserve<\/strong> rate hike in July to less than <strong>20%<\/strong>, providing a tailwind for non-yielding assets.<\/p>\n<p>Market participants are now pivoting their focus to the upcoming <strong>FOMC minutes<\/strong> and July 14 inflation report. Analysts suggest that the labor market&#39;s &quot;cooling&quot; may force the Fed to maintain a more dovish stance, even as new Chair <strong>Kevin Warsh<\/strong> reiterates a commitment to the 2% inflation target. The <strong>US Dollar Index (DXY)<\/strong> fell to a two-week low of <strong>100.75<\/strong> in response to the news.<\/p>\n<h2>South Korea\u2019s 2035 Satellite Ambitions<\/h2>\n<p>The <strong>Korea AeroSpace Administration (KASA)<\/strong> has unveiled a bold roadmap to launch hundreds of satellites for a <strong>low-Earth orbit (LEO) communications network by 2035<\/strong>. This initiative is designed to support the transition to <strong>6G technology<\/strong> and reduce reliance on foreign satellite systems. The plan, approved by the National Space Council, also accelerates South Korea&#39;s target for a <strong>lunar landing to 2030<\/strong>.<\/p>\n<p>Administrator <strong>Oh Tae-seok<\/strong> described the LEO network as &quot;critical infrastructure&quot; for national security. The project is expected to catalyze the domestic aerospace ecosystem, with the government aiming to capture <strong>3% of the global aerospace market<\/strong> by 2035. This move mirrors global trends as nations race to secure independent satellite-based internet capabilities.<\/p>\n<h2>Industrial Shifts and Humanitarian Crises<\/h2>\n<p><strong>German industry<\/strong> is facing a structural crisis as <strong>China<\/strong> surpasses it in the export of capital goods. A report by the <em>Wall Street Journal<\/em> highlights that German car exports to China have collapsed by <strong>66%<\/strong> over the last three years, as Chinese manufacturers leverage lower costs and superior EV technology. This shift has contributed to a stagnation in Germany&#39;s GDP, which grew by only <strong>0.2%<\/strong> last year.<\/p>\n<p>In South America, <strong>Venezuela<\/strong> is grappling with the aftermath of twin earthquakes that killed over <strong>2,600 people<\/strong>. The disaster has so overwhelmed local infrastructure that a <strong>McDonald\u2019s<\/strong> restaurant in Caraballeda has been converted into a makeshift emergency clinic. Volunteer doctors and veterinarians are using the facility to treat both human survivors and injured pets amidst a rising risk of disease in overcrowded shelters.<\/p>\n<h2>High-End Sales and Historical Finds<\/h2>\n<p>The <strong>2026 Hong Kong International Sale<\/strong> saw robust activity, with 16 horses sold for a total of <strong>HK$72.6 million<\/strong>. A youngster sired by <strong>Deep Field<\/strong> topped the auction, fetching <strong>HK$9.2 million<\/strong>. The average sale price rose to <strong>HK$4.76 million<\/strong>, a significant increase from the previous year\u2019s average of HK$3 million, reflecting continued strength in the luxury sporting market.<\/p>\n<p>In a remarkable historical discovery, a volunteer at the <strong>UK National Archives<\/strong> unearthed one of only 11 surviving copies of the <strong>Exeter printing<\/strong> of the US Declaration of Independence. The document was seized by the <strong>Royal Navy<\/strong> in 1776 from an American ship. Its discovery comes as the United States prepares to celebrate its <strong>250th anniversary<\/strong> this weekend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Gold prices surged to $4,174.61 per ounce after June Nonfarm Payrolls (NFP) showed only 57,000 jobs added, far 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