Cisco Systems stock continues to rise periodically as the market turns its attention to stocks that are expected to benefit from the economic upturn. The outlook for CSCO stock hinges on spending trends in cloud computing systems and enterprise and telecom networks.

The GBP/USD is declining more than 50 pips and is trading under the 20 SMA again for the first time in a month.

The EUR/USD came under a strong bearish pressure during Thursday's American session and touched the low from May 17 at 1.2130.

The US NFP Report for May is predicted to show 650K job additions and an unemployment rate of 5.9%. Forex traders can compare this to the US NFP Report for April, which showed 266K job additions and an unemployment rate of 6.1%. Private Payrolls for May are predicted to show 600K job additions and Manufacturing Payrolls 24K job additions. Forex traders can compare this to Private Payrolls for April, which showed 218K job additions, and to Manufacturing Payrolls, which showed 18K job losses. The Average Work Week for May is predicted at 35.0 hours. Forex traders can compare this to the Average Work Week for April, reported at 35.0 hours. Average Hourly Earnings for May are predicted to increase 0.2% monthly and 1.6% annualized. Forex traders can compare this to Average Hourly Earnings for April, which increased 0.7% monthly and 0.3% annualized.

Alibaba stock has been in a downtrend for some time, even though the company continues to post solid earnings and sales growth. Alibaba stock has come under increased regulatory scrutiny in the last couple of months. BABA stock climbed to its 50-day moving average at the beginning of this week, but is this stock worth buying now?

The deputy governor of the Bank of England, D. Ramsden said the central bank is keeping a close eye on the property market boom as it could add to price pressures, threatening a post-pandemic economic recovery.

The unemployment rate in the Eurozone fell from 8.1% to 8.0%.

German Retail Sales for April decreased by 5.5% monthly and increased by 4.4% annualized. Economists predicted a decrease of 2.0% and an increase of 10.1%. Forex traders can compare this to German Retail Sales for March, which increased by 7.7% monthly and 11.0% annualized. The Eurozone PPI for April is predicted to increase by 0.9% monthly and 7.3% annualized. Forex traders can compare this to the Eurozone PPI for March, which increased by 1.1% monthly 4.3% annualized.

Multi-industry industrial business 3M is one of the most appealing stocks on the market. First of all, 3M's stock price is low enough to attract growth-oriented investors. Secondly, because of the pandemic, it is difficult to follow the restructuring.

Major U.S. stock indices rose on Friday as investors decided to ignore data showing a jump in U.S. inflation, although recent worries about rising prices. The Nasdaq index rose 0.36% to 13,785.65 points.