GLOBAL MARKETS-Stocks rally on stimulus hopes, oil falls – Reuters- About: Stock Trading News
NEW YORK, Feb 6 (Reuters) – Global stocks rose on Friday but the dollar and yen tumbled after a bleak U. Wall Street rallied despite Labor Department data that showed employers cut 598,000 jobs in January, the largest contraction since December 1974. Oil prices fell $1 a barrel as the job losses signaled still weaker demand ahead while bond prices fell as a flight-to-safety bid was cut. Quick approval of a stimulus package would lessen the impact of the U. That boosted sentiment in stocks worldwide as global investors looked to the United States to pull the world out of a sharp downturn. read more
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