US Stocks futures cautiously lower ahead of jobs report

U.S. equity futures are trading slightly lower ahead of the release of the monthly nonfarm jobs report.

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Wall Street reopens to trading on Friday following a record setting session and the July 4th holiday.

U.S. stocks traded higher on Wednesday lifting the Dow Jones Industrials, the S&P 500 and the Nasdaq to new records.

Investors are now betting on a rate cut by the Federal Reserve is looking more likely.

Dow Jones Industrial futures, S&P 500 futures and Nasdaq futures are all lower by 0.1 percent.

Wall Street will be closely watching the release of the June jobs report on Friday morning,

Economists surveyed by Refinitiv anticipate the U.S. economy to have created 160,000 jobs in June – more than double the weaker-than-expected 75,000 added in May

In Asian markets on Friday, China’s Shanghai Composite added 0.2 percent on the day and 1.1 percent for the week. Hong Kong’s Hang Seng traded lower by 0.1 percent, but up 0.8 percent for the week. Japan’s Nikkei rose by 0.2 percent and added 2.2 percent for a fifth straight week of gains.

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In Europe, London’s FTSE slipped 0.2 percent, Germany’s DAX is down 0.3 percent and France’s CAC was down 0.4 percent.

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