Markets Headlines
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Bank of England Governor Mervyn King said on Thursday that the central bank was not seeking any further fall in the level of sterling which now appeared to be fairly valued.
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Japanese shares hit a four-and-a-half-year high on Friday on optimism over monetary stimulus, while other Asian markets recovered from previous losses after a strong U.S jobless claims report revealed that a recovery was well under way in the world's largest economy.
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Economists are boosting their outlooks for U.S. growth, but the stock market seems to be stalling after months of gains on expectations for a better economy.
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A long term bear market is around the corner and will last until 2018, with the Dow losing up to 30 percent of its current value, Kerry Balenthiran, author of "The 17.6 Years Stock Market Cycle", told CNBC.
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The top U.S. derivatives regulator has started internal discussions on whether the daily setting of gold and silver prices in London is open to manipulation, the Wall Street Journal reported.
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Emerging markets appear to be losing out as investors pile into developed markets on hopes of better economic conditions.
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European shares rose on Thursday, resuming the two-week rally that has propelled indexes to multi-year highs.
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Brent crude traded around $109 a barrel, weighed by a subdued outlook for demand growth in top consumers the United States and China, while a firm dollar added pressure on prices.
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Long-dated Treasurys prices slipped slightly on Thursday after improved labor market data and stock market gains undermined the appeal of lower-risk government debt.
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Gold inched higher, recouping some earlier losses in line with a firmer euro and bouts of physical buying in some parts of Asia, although signs the U.S. economy is on a better footing were however curbing further gains.
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The dollar fell from a seven-month high against a basket of currencies on Thursday as some traders bet it may have rallied too quickly.
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U.S. retail sales data could be a test for markets Wednesday as it could show how much consumers were hit by a payroll tax hike and a delay in tax returns in early 2013.
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If you’re not already in stocks, Cramer said stand down.
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Stock index futures erased their early losses to turn higher Wednesday as investors cheered an upbeat retail sales report that showed the biggest gain since last September.
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U.S. Treasury debt prices slipped on news of stronger-than-expected retail sales in February, but nearly all the day's losses were erased after the Treasury's sale of 10-year notes drew strong demand.
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Gold fell on Wednesday as a strong U.S. retail sales report boosted optimism about the U.S. economy.
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European shares closed off their lows on Wednesday after retail sales data in the U.S. was released.
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Oil traded mixed on Wednesday, but expectations of steady global consumption growth held Brent crude above $109 a barrel.
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Global oil demand is set to be depressed by weak economic growth throughout 2013 while soaring U.S. oil production gives consumers a cushion to withstand most supply outages, the IEA said.
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The dollar climbed to a seven-month high against a basket of currencies on Wednesday as robust U.S. retail sales data bolstered prospects for the world's largest economy.
Europe Markets
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European shares were flat on Friday as talks over the "fiscal cliff" stalled.
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European shares closed lower on Wednesday for a third consecutive session, with resurging worries about the global economic outlook undermining investor sentiment.
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Standard & Poor's decision to cut Spain's credit rating to one notch above junk status is weighing on markets.
Asia-Pacific Markets
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Japan's Nikkei breached the 11,0000 mark briefly as the yen continued to weaken.
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As the Chinese boom slows Hermes, Remy and other posh names are still going full throttle in Asia.
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The worst US drought in over 50 years is pushing commodity prices to record highs.