Payrolls Data Eyed as Alphabet, Kirin, Deepseek Highlight Corporate Activity
Economists expect 80,000 new U.S. jobs in Friday’s payrolls report, following June's weak 57,000. Meanwhile, Alphabet plans a $25 billion bond sale, Kirin acquires Jamieson Wellness, and Chinese AI startup Deepseek reportedly seeks nearly $8 billion in fresh funding.
Traders are awaiting the latest U.S. payrolls data due Friday, with economists forecasting 80,000 jobs added after June's disappointing 57,000 increase. The number will provide a fresh read on labor market momentum.
In corporate developments, Alphabet is preparing a $25 billion bond sale, underscoring robust credit market activity. Japanese beverage giant Kirin agreed to acquire Canadian vitamin maker Jamieson Wellness for about C$2 billion.
Chinese artificial intelligence startup Deepseek is reportedly in talks to raise nearly $8 billion in new funding, reflecting continued investor appetite for AI ventures.
Source: First Squawk