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U.S. stock futures climb before jobs data
The U.S. market outlook indicates a slight increase in stock futures ahead of the July employment report, with expectations of adding around 80,000 jobs and the unemployment rate remaining steady at 4.2%. The strong performance of AI-supported tech companies has boosted investors’ outlook, with major indices posting robust weekly gains. Concerns are mounting over rising interest rates due to market expectations of a possible rate hike in September, as Treasury yields surpass 4%, and markets slow down amid inflation pressures and new U.S. trade policies regarding polysilicon materials.
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