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Domestic
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Fed action expected, but fiscal cliff clouds view
Investors in U.S. stocks next week will receive word from the Federal Reserve about what may be it’s next step in supporting economic recovery, but the contentious talks in Washington over tax hikes and spending cuts will still hold key influence over the market.
Investors in U.S. stocks next week will receive word from the Federal Reserve about what may be it’s next step in supporting economic recovery, but the contentious talks in Washington over tax hikes and spending cuts will still hold key influence over the market.
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International
Chart:
Asia stocks advance ahead of U.S. data
Asia stocks ended on a mostly upbeat note Friday, ahead of jobs data that’s expected to provide some more clues about the health of the U.S. economy. Few markets had time to digest news of a powerful earthquake off Japan’s northern coast, which struck late in the trading day
Asia stocks ended on a mostly upbeat note Friday, ahead of jobs data that’s expected to provide some more clues about the health of the U.S. economy. Few markets had time to digest news of a powerful earthquake off Japan’s northern coast, which struck late in the trading day
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Commodities
Chart:
Oil settles under $86, loses over 3% for the week
Oil futures fall below $86 a barrel Friday, and posted a loss of more than 3% for the week, as traders mull the latest data on U.S. nonfarm payrolls and consumer sentiment for hints on prospects for oil demand.
Oil futures fall below $86 a barrel Friday, and posted a loss of more than 3% for the week, as traders mull the latest data on U.S. nonfarm payrolls and consumer sentiment for hints on prospects for oil demand.
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Treasury Securities
Chart:
Note: Number shown is option price. To find yield, move decimal point one place to the left.
Treasurys erase weekly gains after jobs surprise
Treasury prices fall, pushing yields up from their lowest in two weeks, after a report said the U.S. economy added many more jobs than expected last month, relieving some worries Hurricane Sandy would be a big drag on growth.
Treasury prices fall, pushing yields up from their lowest in two weeks, after a report said the U.S. economy added many more jobs than expected last month, relieving some worries Hurricane Sandy would be a big drag on growth.
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