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Live News: Canada to add far more jobs than expected in January as labor market remains hot

The yen rose Friday as investors reacted to news that academic Kazuo Ueda was likely to be appointed as the next governor of the Bank of Japan.

Japan’s currency rose 0.5% to 130.9 yen to the dollar as markets judged that Ueda likely signaled a departure from Haruhiko Kuroda’s ultra-dovish policies, which are due to resign in April.

Brent crude rose 2.62% to $86.75 a barrel after Russia announced in March it would cut about 5% of its monthly oil output in response to price caps imposed by Western countries. .

In stock markets, Europe’s Stox 600 fell 0.6% in early trading, while Germany’s Dax fell 0.6%. France’s Cac 40 fell 0.3% on him.

German 10-year government bonds rose 0.06%, yielding 2.37%.

On Friday, investors were greeted with news that the UK narrowly avoided a recession, even though production contracted more than expected in December. The UK is the only G7 economy expected to enter recession this year. Fourth-quarter growth was flat and below the Bank of England’s forecast of 0.1% for her.

Sterling fell 0.02% against the dollar and the FTSE 100 fell 0.1%. British gold leaf yields rose, with 10-year gold leaf rising 0.09 points to 3.38%.

The US futures contract following the lead S&P 500 was broadly flat on Friday, gaining 0.04%, while the Nasdaq equivalent fell 0.03%. The Dollar Index, which measures the US currency against a basket of six peers, fell 0.2%.

In Asia, the Hang Seng Index fell nearly 2%, while China’s CSI 300 fell 0.6%.

Read full text market briefing.

https://www.ft.com/content/17b18ec1-e320-4844-87f4-bbe6dedc1ce9 Live News: Canada to add far more jobs than expected in January as labor market remains hot

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