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European markets rise amid US jobs report
European stocks rose significantly after the publication of U.S. jobs data for June, which showed only 57,000 new jobs created—below the expected 114,000—reflecting a slowdown in employment growth compared to May. This led to decreased expectations of a future interest rate hike by the Federal Reserve, boosting European markets and easing pressures on global borrowing costs. It also strengthened investor confidence following remarks from the President of the European Central Bank, which indicated a more balanced outlook regarding inflation and economic growth risks.
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