FX.co ★ Futures Extend Gains After Strong Jobs Report

On Thursday, U.S. stock futures saw an uptick, buoyed by new data highlighting a strong labor market, which helped alleviate worries about a potential economic slowdown. Futures linked to the three major indices increased by 0.3%. In June, non-farm payrolls surged by 147,000, surpassing the anticipated 110,000 gain, and the unemployment rate unexpectedly declined to 4.1%. This data countered fears that tariffs and economic uncertainty were negatively impacting employment, indicating the U.S. economy's resilience. Simultaneously, a legislative hurdle was cleared in the House, setting the stage for the passage of President Trump's tax and spending plan, which is expected to bolster U.S. fiscal policy. Additionally, there were reports of stagnated trade talks ahead of next week's deadline, following the imposition of 20% tariffs on Vietnam. On the corporate side, BlackRock's stock futures remained stable amid reports that it is considering the sale of its leasing rights to Aramco's natural gas pipeline network. Meanwhile, Datadog's shares soared by 10% after its addition to the S&P 500, replacing Juniper Networks.