Stocks Rise Before U.S. Jobs Data

Stocks Rise Before U.S. Jobs Data

Gold Silver Reports — Most Asian equities rose and the Japanese yen held near a three-week high before U.S. jobs data that will shape expectations for the timing of the Federal Reserve’s next interest-rate hike. The British pound extended its loss for the week and Brent crude traded near $50 a barrel.

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India Economy Will Support Rupee Bonds

India Economy Will Support Rupee Bonds

Gold Silver Reports — Pacific Investment Management Co. says the growth trajectory and financial health of India’s economy will support rupee bonds regardless of who helms the central bank. That may soon be someone other than Governor Raghuram Rajan after a newspaper report said he’s not seeking a 2nd term.

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Oil Rose After an Unexpected Drop in Inventories

Gold Silver Reports – U.S. stocks tumbled following their biggest gain in two months, as disappointing results from Walt Disney Co. to Macy’s Inc. raised doubts about the strength of the American consumer. Oil rose after an unexpected drop in inventories, while the dollar fell.

The S&P 500 Index retreated for the first time in four days, while the Dow Jones Industrial Average erased all but five points of its Tuesday advance. Retailers led declines as Disney sank the most since January and Macy’s led a selloff in apparel shares. Energy producers rallied as U.S. oil surged past $46 a barrel. Industrial metals also climbed as Glencore Plc forecast demand will exceed supply. Brazilian shares fell, while the real climbed as the Senate geared up for a vote that could oust the president.

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Stocks Little Up as Commodities Drop

Stocks Little Up as Commodities Drop

Gold Silver Reports — U.S. stocks meandered, with the Dow Jones Industrial Average ticking up to its highest level since July as global equities capped a fifth straight advance on gains in Europe and Asia.

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Dollar Slump Buys Crude Oil, Gold

Dollar Slump Buys Crude Oil, Gold

Gold Silver Reports — U.S. equities fell, erasing gains as what is forecast to be the worst American earnings season since the financial crisis gets under way. The dollar tumbled to a nine-month low, boosting commodity prices.

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