Risk Assets Lower as Rise in Jobless Claims Upstaged Upbeat ECB

Despite the ECB's upbeat economic outlook, investors remained cautious as jobless claims data surprised to the upside. Bourses ended modestly while oil and base metals slid amid worries over US' slowdown. Treasury remained firmed with yield grinding lower as weak economic data made further QE from the Fed more likely. Gold gained for a 7th consecutive day on QE speculations but reduced sovereign crisis concerns limited upside. Price movements today have been narrow as the market awaits the employment report.

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Risk Assets Lower as Rise in Jobless Claims Upstaged Upbeat ECB