Japanese stock market rebounds, nears 39,800 points, following positive global forecast and U.S. employment data.

The Japanese stock market rebounded on Thursday after a two-day slide, closing just below the 39,800-point mark. The positive global forecast is driven by better than expected U.S. employment data, with European and U.S. markets posting gains. The Nikkei rose 0.06 percent, led by gains in automobile producers. Wall Street also saw gains, with the Dow up 0.77 percent, NASDAQ up 1.02 percent, and S&P 500 up 0.83 percent. The Labor Department reported a stronger than expected job growth in June, impacting the chances of a near-term interest rate cut by the Federal Reserve. Crude oil prices fell due to excess U.S. inventories and upcoming OPEC+ meeting concerns. Japan is set to release May household spending figures today.

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