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Major Bourses on Course to End Month Sharply Higher (WSJ) Brent crude lower on strong Middle East oil output (Reuters) Treasuries Lose Their Lead Over Shares as Fed Moves Toward Shift (BBG) Lost Decade for Value Stocks Tests Faithful Who Say End is Nigh (BBG) Iraqi army pause at southern edge of Falluja as IS fights back (Reuters) Risky Reprise of Debt Binge Stars U.S. Companies Not Consumers (BBG) The Untold Story Behind Saudi Arabia’s 41-Year U.S. Debt Secret (BBG) Nuns With Guns: The...
Read More »Futures Flat, Gold Rises On Weaker Dollar As Traders Focus On OPEC, Payrolls
After yesterday's US and UK market holidays which resulted in a session of unchanged global stocks, US futures are largely where they left off Friday, up fractionally, and just under 2,100. Bonds fell as the Federal Reserve moves closer to raising interest rates amid signs inflation is picking up. Oil headed for its longest run of monthly gains in five years, while stocks declined in Europe. Treasuries retreated in the first full day of trading since Yellen said late Friday that the improving...
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