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SP500: Intraday Analysis update

U.S. stock index futures inched up at the end of a week that saw signs of a softening economy raising hopes of an interest rate cut in September, with investors gearing up for yet another key employment report after returning from a July 4th holiday.

A Labor Department report, due at 8:30 a.m. ET, is expected to show non-farm payrolls rose by 190,000 in June after advancing by 272,000 jobs in May, while unemployment rate likely remained unchanged at 4% and average hourly earnings rose 0.3% after rising 0.4% the previous month.

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