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Global Markets Waver After Jobs Data, Oil Rally Bolsters Prices
Markets edged cautiously as mixed U.
Global markets showed muted movement on December 17 after mixed U.S. jobs data left investors uncertain about future interest rate cuts. Unemployment reached its highest level in years even as job growth resumed, clouding the labor picture. Crude oil prices climbed sharply after the U.S. imposed a blockade on Venezuelan oil tankers, lifting energy sentiment. Investors now eye upcoming inflation data and central bank moves from the BoE, ECB and BoJ.