Markets in Europe are expected to open on a positive note on Friday amidst renewed hopes of a pause by the Federal Reserve in the review next week, following the surge in the initial jobless claims. The rise in jobless claims which implied a weakening labor market, is seen reducing the headroom available to the Fed to hike rates further aggressively.
Data released on Thursday showed the number of Americans filing for unemployment benefits jumping to 261 thousand in the week ended June 3 versus the previous reading of 233 thousand and expectations of 235 thousand.
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