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Market News Today 2019-02-04

2019-2-4 12:23 | By : Mex Group News

Market Briefing:

  • The US economy added a stronger-than-expected 304,000 jobs in January, official figures have shown.
  • The U.S. dollar Friday was set to post a second week of losses in a row despite analysts downplaying expectations the Federal Reserve won't hike rates this year after the economy created more jobs than expected last month.
  • Democrat Cory Booker says he will run for president in the 2020 election, joining a crowded field of candidates seeking the party's nomination.
  • Secretary of State Mike Pompeo announced Friday that the US is suspending the Intermediate-Range Nuclear Forces Treaty, a key pact with Russia that has been a centerpiece of European security since the Cold War.
  • Oil ended higher Friday, feeding a gain for the week as U.S. sanctions on Venezuela's state-owned oil firm raised the risk of tighter crude supplies and a recent survey showed a considerable monthly decline in OPEC production.
  • Gold ended lower on Friday, with a better-than-expected U.S. jobs report and upbeat domestic manufacturing data dulling investment demand in the haven metal.
  • The Dow racked up its sixth weekly gain on Friday after data showed the U.S. economy created more jobs than expected last month.
  • As another round of trade talks between the US and China concluded, President Donald Trump said a sweeping agreement was possible that includes his demands for Beijing to change its economic policies.

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