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Market preview: S&P futures +0.8% after a storming ADP jobs report for June and strong...

Market preview: S&P futures +0.8% after a storming ADP jobs report for June and strong same-store sales (I, II), with Target, Macy's and Gap all up premarket. BofA, JPMorgan, Citi and Wells are also higher, with the banks reportedly close to a $20B settlement over improper foreclosures. The euro -0.2% after the ECB raises rates. Later: White House budget talks.
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