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Markets brace for US jobs data, seeking Fed clues

Analysts said that a payrolls reading of around over 200,000 could prompt the Fed to consider raising rates at its next meeting

Reuters  |  London 

  Stocks and the dollar rose on Friday with investors focused on US job data later in the day to glean clues on whether the Federal Reserve will raise interest rates, maybe even as soon as this month. The pan-European STOXX Europe 600 rose 0.6 per cent after ending Thursday flat, remaining in a tight trading range that has persisted for much of the last month with caution prevailing ahead of the job figures. Economists polled by Reuters expect the US economy to have added about 180,000 jobs in August, wages to nudge up and for the overall unemployment rate to dip to ...

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First Published: Fri, September 02 2016. 16:16 IST