- With US exchanges closed for the Independence Day holiday, global stock market trading was light on Tuesday. The Stoxx 600 in Europe gained ground despite trading volume that was a third lower than the 30-day average. Futures in the United States were little changed, while Canada's benchmark equity index rose.
- Following a rally in stocks in the first half of the year, investors are concerned that higher interest rates and a worsening economic backdrop will limit future gains. The Nonfarm Payrolls report on Friday will be closely watched for clues on the path of monetary policy before the earnings season begins next week.
