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flag Weak US economic data boosts expectations for interest rate cuts, driving equity markets up.

flag Weak US economic data, including slower job growth and contracting service sector activity, has boosted expectations for a US interest rate cut, leading to gains in equity markets. flag The Federal Reserve's "Beige Book" also indicated a slight decline in economic activity. flag Markets now predict two rate cuts by year-end, with the first expected in September. flag The focus now turns to Friday’s non-farm payrolls report.

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