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Stocks cautious in Asia as oil gains, yields rise
- U.S. Treasury yields rose as oil prices climbed amid geopolitical tensions involving Iran and uncertainty over the Strait of Hormuz.
- The 10-year U.S. Treasury yield increased eight basis points to 5.26%, its highest level since 2002, while Brent crude rose 3% to about $107 a barrel.
- U.S. stocks fell as investors assessed higher interest rates, weak demand at recent Treasury auctions, inflation concerns, and uncertainty over the U.S.-Iran conflict.
- Investors awaited inflation and jobs data that could influence expectations for Federal Reserve policy.
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elnorte.com
elnorte.comThe dollar went back to $18,1561 this Friday, but the Mexican currency accumulated a loss of 2.7%, its worst weekly performance since March.
·Monterrey, Mexico
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Disappointing job growth in the US gives the Fed arguments not to rush into a new interest rate hike. According to analysts, moderate wage increases also indicate that inflation remains limited. Employment in the world's largest economy increased by 29,000 jobs. The initial drop in interest rates boosted stock prices, which are losing some of their gains halfway through the trading day.
·Amsterdam, Netherlands (Kingdom of the)
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U.S. stocks rise near their record after the latest jobs report eases worries about inflation
U.S. stocks are rising near their all-time high on Friday after the latest jobs report cooled worries that a potentially hot U.S. economy could make inflation much worse.
·Washington, United States
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Total News Sources351
Leaning Left50Leaning Right44Center93Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 27%
C 50%
R 23%
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