1. All eyes on U.S. data as markets await Fed rate hike clues
Investors looked ahead to data on U.S. nonfarm payrolls on Friday to see if the economy is strong enough to withstand a rate hike in the coming weeks. The consensus forecast is that the data will show jobs growth of 180,000 in August.
2. China factory activity improves to 22-month high
Official PMI data released earlier Thursday showed activity in China's manufacturing sector unexpectedly expanded at its fastest pace in nearly two years in August.
The country's purchasing managers’ index rose to 50.4, the highest in 22 months and indicating a slight expansion in the economy.
3. Pound soars after strong post-Brexit U.K. manufacturing data
The British pound jumped against the dollar to trade near a one-month high after the release of upbeat U.K. manufacturing activity data added to optimism over the strength of the economy post-Brexit.
4. Oil prices slump to new 3-week lows
Oil prices fell to a new three-low for the second day in a row on Thursday, as data from the U.S. Energy Information Administration rekindled fears of a global supply glut.
5. Gold drops to lowest since mid-June
Gold prices traded at the lowest level since mid-June on Thursday, amid indications that the Federal Reserve is gearing up to hike interest rates at its September meeting.
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