Breaking News
Nov 5, 2022
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European markets extended weekly gains on the back of earnings optimism despite the deepening energy crisis and rising rates.
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The U.S. benchmark indexes trimmed weekly losses to between 2% and 6% but rate path and slowdown worries dominated market sentiment.
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Crude oil jumped 5% on the expectations that China may relax coronavirus restrictions in the weeks ahead.
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Gold, silver and platinum jumped between 3% and 7% in Friday's trading. For the year so far, gold and platinum are down 7% and silver 14%.