Investing.com -- U.S. stock futures advanced on Friday, with markets awaiting the publication of the June nonfarm payrolls report. The figures are expected to show a possible easing in labor demand, which may fuels hopes for Federal Reserve interest rate cuts this year. Elsewhere, Samsung Electronics says it expects to see a 15-fold jump in income in the second quarter thanks to soaring demand for artificial intelligence.U.S.
The figure -- the highest since the third quarter of 2022 -- was far above predictions for income of 8.8 trillion won, according LSEG SmartEstimate forecasts cited by Reuters. U.K. stocks have gained, as has the pound, as traders appear to have judged that a period of intense market volatility, driven by political and economic tumult under the Conservatives, may be drawing to a close.
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