U.S. Equity Markets rose on strong jobs data, finishing the day higher for the fourth consecutive trading session, led by the NASDAQ 100 which closed higher by 1.18%. Jobless Claims declined for the third straight week and came in below estimates. That marked the fifth decline in the last six weeks. And the four-week moving average resumed its decline after a recent pickup. Earnings are another continued tailwind. Half of the S&P 500 has now reported, with the percentage of companies beating expectations remaining elevated, according to data from FactSet. On the stimulus front, Senate Majority Leader Chuck Schumer said Democrats were united in pursuing a “big and bold” COVID-19 aid bill. Schumer also announced that Democrats were planning to unveil a plan to cancel $50,000 in student debt per person. European Markets again closed higher. Britain’s University of Oxford said it would combine COVID-19 vaccines from Pfizer and AstraZeneca in a new trial, in an attempt to increase the available global supply. Euro-Zone Retail Sales data for December rose more than expected, highlighting a strong consumer through the holiday season. Spain’s government is reportedly considering debt relief for businesses as Coronavirus restrictions and a slower-than-expected vaccine rollout hurt the economy. Oil cartel OPEC said its members would work to quickly get rid of any excess oil inventory caused by the coronavirus pandemic. Elsewhere, Oil continued its recent surge, closing higher by 1.20% as OPEC said its members would work to quickly get rid of any excess oil inventory caused by the coronavirus pandemic. Meanwhile Gold fell 2.23%, closing below the key 1800/1810 support area on continued Dollar strength.
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