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Good morning & Happy Friday. Jobs data, terrorist financing allegations and bad news for FC Barcelona. Here’s what’s moving markets.
In the U.S. nonfarm payrolls report for July, economists are forecasting 858,000 additions, the most since last August, while the latest “whisper number” among traders points to 897,000 additions. The jump may be distorted by unusually low school-related layoffs amid hybrid and remote learning situations, Bloomberg economists say. As a result, the composition of the July gain across private services, goods and government payrolls will be of more interest than usual. Federal Reserve officials will scour the report as they look for the right time to taper quantitative easing.