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Focus On US Non-Farm Payrolls Amid Slightly Firmer Risk Sentiment

EMERGING MARKETS
  • Across equity markets, sentiment has stabilised somewhat, with headline indices buoyed by a solid set of earnings from Apple after-market Thursday. Their shares trade higher by just over 2% ahead of the open. This has provided a pre-market bid in some of the U.S. regional bank stocks.
  • The USD Index is marginally softer, but off the worst levels of the week. This week's price action has been USD negative more broadly, but markets have steered clear of a major test of horizontal resistance at 101.01 as well as the YTD lows around 100.80.
  • Focus rests on the upcoming US NFP release, at which markets expected job gains to slow to around 180k - the slowest pace of job gains since 2020.

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