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Published 2 years ago

Global stocks up after US job gain paves way for rate hike

Summary by WPLG
Global stocks gained Monday after strong U.S. jobs data cleared the way for more interest rate hikes and Chinese exports rose by double digits.London, Shanghai, Tokyo and Frankfurt advanced. Hong Kong retreated. Oil prices edged higher.Wall Street's benchmark S&P; 500 lost 0.2% on Friday after government data showed American employers added more jobs than expected in June. That undercut expectations a slowing economy might prompt the Fed to post…

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