(03 JULY 2020)DAILY MARKET BRIEF 1:Equities supported by solid NFP, Chinese PMI

<p>Investors only had eyes for the 4.8 million rise in US nonfarm jobs last month, although the average earnings slipped 1.2% versus -0.8% expected by analysts and the jobless claims remained close to the 20 million mark. Meanwhile, the virus news were not that charming, as cases and casualties jumped to the highest in Florida, and the director of the National Institute for Allergy and Infectious Diseases Anthony Fauci warned that the virus may be mutating to spread quicker. Major US equity indices closed the holiday-shortened week on a positive note. The Dow (+0.26%) and the S&amp;P500 (+0.45%) gained as Nasdaq (+0.52%) reached a new record. Following the V-shape correction in the US stock markets and record highs, investors see minor risk of a sustainable debasement in the world’s biggest and immensely supported financial markets. The latest sell-off attempts have been cut short by decent dip-buying interest. A part of this behaviour is certainly because investors lost their hold on the</p>