Global stock markets mostly gained on Thursday (August 5), with United States (US) stocks ending higher on the back of strong corporate earnings and solid economic data. On the economic front, the number of Americans filing new claims for unemployment benefits fell for a second straight week to 385K, suggesting the labor market’s recovery is picking up steam. Now, all eyes turn to the US employment report for July, as investors await an update on the labor market recovery and further clues on the Federal Reverse (Fed) ‘s next steps.

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