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US futures, Europe stocks gain before jobs data

July 05, 2019 / Free Malaysia Today

US stock futures and European shares edged higher Thursday in a lacklustre session marked by thin trading volumes thanks to the American holiday. Brazilian stocks surged and the real gained as a congressional committee voted to advance the pension-reform bill. Gold slipped but stayed above US$1,400 and WTI futures fell. The Stoxx Europe 600 Index finished modestly higher, with real estate firms and banks lifting the gauge. Contracts on the S&P 500 Index also nudged up after Asia’s benchmark finished higher overall thanks to gains in Japan and South Korea. Trading volumes were well below average across the board, with US markets shut for the July 4 holiday and investors counting down to Friday’s American jobs report. Core European bonds climbed, with German 10-year yields sliding below the European Central Bank’s deposit rate for the first time. Treasuries aren’t trading thanks to Independence Day. The dollar was slightly lower in the wake of accusations from...