📆 Friday, July 5
► European markets trade higher with the Stoxx 600 posting gains of 0.4%, driven by positive sentiment from soft US economic data that bolstered hopes for Federal Reserve rate cuts. UK equity-index futures rose following the Labour Party's landslide victory, which promises greater economic stability. In Germany, industrial production dipped significantly by 2.5% in May, much lower than the expected 0.2%, causing concerns over the manufacturing sector. France's trade deficit grew to €8B in May, while industrial production decreased by 2.1% over the previous month.
► After yesterday’s market holiday, US equity futures trade slightly higher as traders await non-farm payrolls report later today, expected to show moderation in job growth. Soft economic data, including weaker ISM Manufacturing and Service Sector PMI reports, have strengthened the case for potential rate cuts by the Federal Reserve as early as September.
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