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Strong US jobs report sends stocks sliding, dollar rising
Wall Street stocks slumped and the dollar climbed on Friday as a robust US jobs report dimmed hopes of further interest rate cuts.Oil prices, meanwhile, briefly jumped past $80 per barrel on new US sanctions on Russia, further disrupting its crude exports and therefore tightening supplies.The world’s biggest economy added 256,000 jobs last month, up …
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Global stocks mostly fall before US jobs data
Stock markets mostly retreated and the dollar steadied Friday as traders awaited key US jobs data for signals on the health of the world’s largest economy and the outlook for interest rates.Oil prices jumped around 2.5 percent as analysts expect the United States to soon announce more sanctions against Russia, further disrupting its crude exports …
Stock markets drift lower as US jobs data looms
Equities fell Friday as traders prepared for the release of US jobs data that could play a key role in the Federal Reserve’s decision-making on interest rates, with several officials indicating the cutting has finished for now.Markets have started the year cautiously, with the optimism that characterised most of the past three months dented by …