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Inflation data, US-China trade talks to set market direction this week

Employers added only 75,000 workers to US payrolls in May, against economists' predictions of a 185,000 gain. Wage growth also slowed, suggesting the jobs market weakness is not a one-off but part of overall softening demand for labour.

US STOCKS surged last week and the Dow Jones Industrial Average registered its biggest weekly gain of the year as investors focused on the interest-rate silver lining among dark economic clouds.

The gains could continue this week, as long as there are no unpleasant surprises from US trade...

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