Global investors on Friday will turn their focus stateside to the June employment report, which is expected to show another strong month of hiring as the labor market bucks any signs of an impending recession or economic slowdown.
Economists predict that the U.S. economy added 250,000 jobs last month, keeping the unemployment rate flat at 3.6%. The Fed is closely watching the labor market alongside inflation prints as it charts its course for monetary policy tightening, a central factor in the market's assessment of the likelihood of recession.
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