??A look at the day ahead in European and global markets!

Investors continue to approach the markets cautiously as the week comes to a close, with recent volatility triggered by the Bank of Japan's policy tweak and concerns about the direction of U.S. yields.

Futures are pointing to a higher open for European stocks, but there are uncertainties about their ability to sustain the gains. The pan-European STOXX 600 index is currently at more than three-week lows and is on track to break its streak of gains, so a positive end to the week would be welcomed.

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Investor focus before the release of the headline U.S. non-farm payroll report later in the day will be on construction PMI data from the euro zone, UK, and Germany. Additionally, the British Pound will be under scrutiny after experiencing volatility on Thursday following the Bank of England's modest rate hike. As of Asian trading hours, the pound was up 0.2%.

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In other news, China's central bank has stated that it stands ready to utilize various monetary policy tools, such as reserve requirement ratio cuts and open market operations, to ensure liquidity in the banking system. This announcement came a day after the bank's governor pledged to allocate more financial resources to the private sector. Investors are hopeful that these measures will stimulate and boost the sluggish rebound in the world's second-largest economy.

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In the corporate realm, big tech earnings have produced mixed results. On one hand, Apple's sales forecast indicates a continuation of a sales slump into the current quarter, despite exceeding Wall

Street's sales and profit expectations in the fiscal third quarter. On the other hand, Amazon.com Inc. reported strong sales growth and profits that surpassed Wall Street's expectations. The company's ability to deliver goods faster and more affordably, along with a decline in cloud-computing headwinds, contributed to its positive performance.

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Key economic events on Friday include the release of UK July construction PMI, Italy June industrial production, Germany July construction PMI, and Eurozone retail sales figures.

Overall, investors are proceeding with caution and closely monitoring these developments to make informed decisions in the market.

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