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Date - Thursday, 11/3/2010 - 5:51:03 AM
AEST |
Markets: Up Solidly On US Jobs News
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| US stocks jumped and the Nasdaq hit an 18-month on after the February jobs numbers turned out to be a bit better than forecast. The US economy lost 36,000 jobs in February, better than forecasts for 67,000 non-farm job losses. |
Commodities: Oil Up, Gold Up
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| Oil prices rose last week to finish well above $US81 a barrel after the US jobs figures. The February loss of 36,000 jobs was termed better than expected. Analysts had been tipping 67,000 losses, although given the winter storms, especially in the east coast; it was had to get a real figure. |
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| FNArena editor Rudi Filapek-Vandyck comments on why the short term outlook for equity markets has improved, and markedly so. |
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