World markets rise ahead of key US jobs data

Nov 6th, 2009 - AOL Money & Finance

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LONDON -European stocks recovered earlier losses and Wall Street traded in a narrow range as investors mostly shruggged off another jump in U.S. unemployment, to 10.2 percent in October.

The rise above the 10 percent mark was the first since 1983 and a reminder that the world's largest economy, which last week was confirmed to have emerged from recession, will recover only slowly.

Still, markets were little shaken by the news and opted to look at the bright side — the 190,000 jobs lost was an improvement from the previous month's 219,000.

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