Thursday, 8 March 2012

U.S. stocks recovered some of the prior day’s losses yesterday, helped by an upbeat report on jobs growth, a report the Federal Reserve could implement new bond buys if the economy flags and signs of progress on Greece’s debt swap. European stock markets edged higher yesterday in choppy action, aided by gains for banks, with investors remaining cautious ahead of a looming deadline for Greece’s debt swap deal. Asia markets jumped on this morning, with exporters gaining in Japan, while resource firms benefited from an improved risk tone as hopes for a Greek debt restructure firmed.

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