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Shares gain on U.S. jobs data, euro up after ECB
Global equity markets rose on Thursday after an encouraging U.S. weekly labor market report indicated a steadily improving economy, while the euro strengthened after the European Central Bank left its benchmark interest rate unchanged. The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, another sign in recent data that the labor market is picking up. On Wall Street, U.S. stocks rose on the labor report, but European shares pared their gains when ECB President Mario Draghi was non-committal as to whether he thought equity markets were fairly priced at current lofty levels. ... (full story)