Asian equity markets rose on Thursday but the mood was cautious before key U.S. economic data and a European Central Bank meeting.
In the last full day of trading before the July 4th holiday, the Dow and S&P 500 eked out minuscule gains to end at record highs after ADP data showed companies added a much-larger-than-expected 281,000 new positions in June. The number bodes well for the government’s June nonfarm payrolls report due later on Thursday, which is expected to show 215,000 new jobs.
Also on tap later is a monetary policy decision from the European Central Bank. After revealing a raft of stimulus measures at its last meeting, experts say the central bank is unlikely to act this time.
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