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Traders are holding their breath ahead of critical U.S. payroll data on Friday, with markets showing mixed signals. Bond markets have stabilized while gold declines, and Chinese stocks drop sharply amid regulatory efforts to cool speculation. European markets open with cautious optimism as key developments unfold.
- Bank of England Governor Andrew Bailey minimizes concerns over the recent sell-off in long-dated gilts, suggesting it may not indicate broader economic issues.
- Chinese regulators are actively working to cool market speculation, leading to a significant drop in Chinese stock prices.
- Gold prices have declined as investors adjust their positions ahead of key economic data, reflecting changing risk appetites.
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