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Euro holds gains post EU action, U.S. jobs in focus

The euro held gains in Asia on Friday, having rallied for a third session overnight when the European Central Bank (ECB) took steps to contain the euro zone crisis, with markets now focused on key U.S. jobs data.

Global stocks, oil rise on European bank moves

Global stocks rallied for a third straight day and oil prices surged on Thursday on renewed European efforts to aid ailing regional banks and as a ho-hum U.S. jobs report still managed to ease fears of a new recession.

Gold rises in thin trade on Europe hopes

Gold rose in thin trade for a second session on Thursday, boosted by a rally in equities and commodities after new liquidity measures from the European Central Bank fueled economic optimism.

Oil gains a second day on ECB bank move, U.S. data

Oil prices rose for a second straight day on Thursday as Europe moved closer to pumping aid to the region's troubled banks and U.S. data showed jobless benefit claims rose less than expected last week.

European shares rise on bank recap hope

European shares rose on Thursday to hit a five-week closing high, with banks among the best performers on hopes policymakers will come up with coordinated action to recapitalize struggling lenders.

Markets await U.S. payrolls to read recession runes

Friday's U.S. jobs data will be fresh grist to the mill of analysts hunting for signals that the world's biggest economy might, contrary to most evidence, be tipping into recession after months of sluggish growth.

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