The U.S. Department of Labor is set to release its July employment report today at 8:30 AM ET. The market generally expects the U.S. economy to have added 83,000 jobs in July, up from 57,000 in June, with the unemployment rate projected to remain unchanged at 4.2%. Investors are closely watching this report for clues on the Federal Reserve's policy moves next month, with CME Group data showing traders currently pricing in a 55% probability of a 25-basis-point rate hike by the Federal Reserve. Ahead of the report, U.S. stock index futures edged higher, while government bond yields were largely flat, and gold prices continued to rise.