Samsung falls victim to U.S.-China trade tensions, warning second-quarter profits will halve after deliveries to the Chinese smartphone maker Huawei sink. Broader Asian equities stick to two-month highs while global bond yields hold near-record lows ahead of the release of U.S. non-farm payrolls data later today. Relations between Tehran and the West sour further following the seizure of an Iranian tanker suspected of Syrian sanctions violations by British forces off the coast of Gibraltar. And President Trump uses the 4th of July celebrations to highlight America’s military might, with tanks and aircraft featuring in a lavish parade in Washington D.C.

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