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US Dollar Remains on the Defensive Ahead of Jobs Report
An unexpected increase in China's Caixin manufacturing PMI helped lift Asia Pacific equities after the S&P 500 stumbled yesterday amid concerns that there will not be a phase 2 in US-China trade negotiations. The MSCI Asia Pacific Index rose 4.3% in October, and with the help of gains in China, Hong Kong, Korea, and Taiwan began November with a gain. European stocks posting modest gains after the Dow Jones Stoxx 600 rose a little less than 1% last month. US shares are firm, and the S&P 500 is up about 0.5% on the week coming into today's session. It rose by about 2% last month. Benchmark 10-year yields are narrowly ... (full story)