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Global stocks rise on vaccine hopes, ahead of US jobs data

(WCAX)
Published: Jul. 2, 2020 at 8:04 AM CDT
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Global stock markets and Wall Street futures are up on hopes for the development of a coronavirus vaccine and ahead of the release of monthly U.S. jobs data.

Investors appear encouraged after Pfizer and BioNtech announced preliminary data from a vaccine test, one of a series being carried out by global developers.

The U.S. jobs report is expected to show a gain of 3 million jobs in June. But that would recover only a fraction of the 22 million jobs lost in March and April.

Meanwhile, populous American states like California and Texas have reported record new coronavirus contagions.

(Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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