To The Moon

* U.S. stocks end lower as investors await key job market data 🇺🇸 S&P 500: -0.02% 📉 🇺🇸 Nasdaq: -0.08% 📉 🇪🇺 Stoxx 600: 0.70% 📈 🇯🇵 Nikkei 225 Index: 0.55% 📈 🇭🇰 Hang Seng Index: 0.43% 📈 🇨🇳 CSI 300 Index: -0.05% 📉 * U.S. markets were broadly lower on Thursday, with the S&P 500 $S&P 500(.SPX)$ and Nasdaq Composite $NASDAQ(.IXIC)$ inching down -0.02% and -0.1%, respectively, after a key labor market report, down from record highs set in the previous session. Points fall back. * U.S. initial jobless claims rose to 229,000 last week, above expectations for 221,000, and first-quarter unit labor costs rose less than previously expected, suggesting the labor market is cooling. * The European Central Bank cut interest rates by 25 basis points to 3.75% for the first time in five years, but investors were left in the dark about its next steps amid growing uncertainty about inflation. * Asia-Pacific stocks ended mixed, with the Hang Seng Composite up 0.4% and the CSI 300 down -0.1%, but sentiment was mostly positive as investors bet on a rebound in China and a rate cut by the European Central Bank. 💡 Future events: 💡 * To end the week, we will see the release of US non-farm payroll changes and the unemployment rate. 💡 Things you need to know today: 💡 1. The U.S. trade deficit increased 8.7% to $74.6 billion in April as a rise in imports outweighed a modest increase in exports. US Trade Deficit 2. Embattled property developer Country Garden $COUNTRY GARDEN(02007)$ announced in a filing on Thursday that Hong Kong's High Court has postponed the hearing on its liquidation application until July 29. Country Garden 3. Bank of Japan Governor Kazuo Ueda said the central bank should reduce its large-scale bond purchases to get rid of large-scale monetary stimulus policies, thereby strengthening its commitment to gradually reduce its balance sheet of nearly US$5 trillion. Kazuo Ueda 4. Amazon $Amazon.com(AMZN)$ faces a $1.3 billion class-action lawsuit from British retailers who claim that Amazon uses their data to increase their market share and profits. Amazon ✅ KEY TAKEAWAYS: The weekly jobless claims report was the latest data to suggest an easing labor market, which could allow the Federal Reserve to start cutting interest rates. @Daily_Discussion @TigerStars @CaptainTiger @MillionaireTiger @Tiger_comments @TigerGPT