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Market Extra: No snoozing as stock-market investors await crucial 24 hours

Investors looking to extend an Independence Day respite into the weekend might be in for a rude awakening on Friday.

It is clear that “tomorrow is the key day of the week on both the data front, with the release of U.S. payrolls and on trade with the U.S. due to impose tariffs on China—with China reciprocating. As a result, the markets might trade with a bit of trepidation ahead of tomorrow and that could keep a bit of risk-off bias in play,” said Steven Barrow, currency and fixed-income strategist at Standard Bank, in a Thursday note.

Indeed, the stock market has been at the mercy of competing narratives.

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