Asian and European equity markets climbed on Thursday as a softer U.S. jobs report sparked a risk‑on shift. June added fewer payrolls than expected, nudging Treasury yields higher and pulling the dollar lower. The move set the stage for broader global gains across sectors and indices.

Tech shares in Japan and South Korea rebounded after previous sessions of heavy selling, while European investors rotated out of under‑fire chip names toward defensive staples. The Stoxx 600 now outperforms the S&P 500 year‑to‑date, marking its strongest relative showing since early 2022 in the region so far.

Oil prices held steady as the market priced a short‑term supply glut. Brent rose 0.3% to $72.02 a barrel, while August WTI stayed flat at $68.73. Prompt spreads slipped into contango, reflecting ample near‑term inventories despite lingering geopolitical risk in the Strait of Hormuz for oil traders.

Japan’s yen climbed to a two‑week high after the finance minister warned of possible market intervention, supporting a modest currency rebound. Meanwhile, central‑bank heads Christine Lagarde and Andrew Bailey are slated to speak at an Aix‑en‑Provence forum, keeping policy focus on inflation. U.S. markets remain closed for Independence Day.