Stocks climb in calm before potential US payrolls storm

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SINGAPORE : A lull in bond selling stretched into Asia trade on Friday, but may not last the day as investors waited on U.S. jobs data that could add to the case for keeping interest rates high for some time.Sliding oil prices have also provided some relief to markets, with Brent crude futures at $84.50 a

A man uses a laptop, under an electronic board showing stock visualizations, inside a brokerage building, in Tokyo, Japan, March 20, 2023. REUTERS/Androniki Christodoulou/File photo

Sliding oil prices have also provided some relief to markets, with Brent crude futures at $84.50 a barrel, some $13 or 13.5 per cent cheaper than last week's 11-month high. Economists polled by Reuters' expect 170,000 U.S. jobs were added last month, and that the unemployment rate ticked lower to 3.7 per cent.

The dollar's 12-week run of gains against the euro is a record and has the common currency, at $1.0542, pinned close to an 11-month low. The dollar index is set to equal a record 12-week winning streak it made in 2014.

 

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