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Investor sentiment improved as global stock markets rallied and volatility receded following the easing in U.S.-China trade tensions, and supported by the accommodative tone of major central banks. Nevertheless, U.S. employment digits increased in the previous month, while core inflation surged, tempering expectations of an aggressive Fed rate cut at the upcoming July FOMC meeting.

The latest Euro Area data depicts continuing weakness in its economic performance, while in the United Kingdom, fears of a Q2 recession mounted following a sharp downturn in private sector activity amid Brexit stagnation.

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