Global Markets React to China's Surprise Boost and Eurozone Inflation Data

The release of U.S. nonfarm payrolls and a barrage of manufacturing data, along with a surprise expansion in China's factory activity, are expected to shape market sentiment. The Federal Reserve is closely monitoring the U.S. labor market for signs of cooling, while uncertainty remains about the possibility of rate hikes for the rest of the year. China's economic troubles have prompted major banks to cut interest rates, and the country's stock market has shown signs of recovery. Additionally, the euro zone's final PMI data and warnings from European Central Bank members about potential rate hikes will add to the ongoing debate over the rate outlook in Europe.