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05Feb2016 Pre-Market Commentary: Unusual Volatile Pre-Market Trading Sending Futures Sliding, Expect Markets To Open Lower
Friday, February 5, 2016 7:58
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Written by Gary
U.S. stock future indexes fell this morning after data showed the American economy created fewer jobs than expected in January. Traders in interest rate markets have essentially priced out the chance of a rate hike in 2016 and the 10-year Treasury yield has fallen all the way to 1.85%. Gold is poised for its largest weekly gain in a month with a 3% jump for the week. The strength of the metal is attributed to a weaker U.S. dollar and fading expectations for U.S. rate hikes.
Source: http://econintersect.com/pages/market/market.php?post=201602050753
