European Shares Poised To Open Higher As Rate-hike Concerns Ebb

India, July 3 -- European stocks are set to open higher on Friday as soft U.S. jobs data spurred traders to pare rate hike bets.

Overnight data showed U.S. jobs growth slowed sharply in June, and the two prior months' data were revised lower, raising expectations that the Fed will hold rates this month and potentially in September.

The June jobs report also challenged the narrative that the Fed may hike rates in the second half of this year.

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Published by HT Digital Content Services with permission from RTT News....