BUZZ-Big US banks kickstart week on a high with inflation data and earnings in focus

Reuters07-08

** Shares of U.S. banks gain as investors look for clues for first-rate cut ahead of a week packed with crucial inflation data and bank earnings

** JPMorgan Chase , Morgan Stanley , Citigroup

, Bank of America and Wells Fargo rise between ~1.8% and ~0.5%

** Goldman Sachs Group shares hit record high after rising to 1.6%

** Expectations for interest-rate cuts as early as September received a boost after Friday's nonfarm payrolls report showed U.S. job growth slowed in June, the latest data to point to weakness in labor market conditions

** Major banks, including JPM, MS and WFC, are slated to kick off the second-quarter earnings season on Friday for banks in the United States

(Reporting by Jaiveer Singh Shekhawat in Bengaluru)

((JaiveerSingh.Shekhawat@thomsonreuters.com;))

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