Stocks hold onto gains, NFP in spotlight

12:40 PM 2 July 2020

European stock markets and US equity futures hold onto gains and trade near daily highs while USD is weakening. Markets' attention is focused on the US labour market report scheduled for 1:30 pm BST. ADP release hinted at a 2.3 million increase yesterday and investors seek confirmation in today's data. Traders should expect elevated volatility around release.

US500 is approaching a resistance zone ranging around 3,150 pts. Source: xStation5

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