Global equity and fixed-income markets are operating with reduced liquidity on Friday as the United States observes Independence Day.
The closure of US cash markets typically dampens trading volumes and can amplify price volatility in European and Asian sessions, where participants trade without the usual depth of American counterparties.
With Wall Street offline, market focus has shifted to regional data releases.
In Brazil, the industrial production index is the headline event, offering a gauge of domestic economic momentum.
Traders are also monitoring a batch of Purchasing Managers' Indices (PMIs) scheduled for release, which provide early signals on global manufacturing and services activity.
The thin trading environment follows a volatile week for macro data.