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  • NEWS Desk Global

GLOBAL STOCKS LOOK UP, BUT YIELDS RISE ON RESILIENT U.S. LABOR MARKET




Global equity markets shook off New Year blues and bonds sold off on Thursday after U.S. unemployment data indicated a still resilient U.S. labor market that tempered the likelihood of deep Federal Reserve interest rate cuts this year. Bond yields, which move inversely to price, jumped after the number of Americans filing new claims for unemployment benefits fell more than expected last week, even as the U.S. labor market steadily cools amid the Fed's restrictive monetary policy.

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