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Global Shares Rise Amid Hopes For Global Economic Rebound

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In this photo provided by the New York Stock Exchange, traders gather at a post on the floor, Thursday, Feb. 4, 2021. Stocks moved higher in afternoon trading on Thursday, helped by strong company earnings as well as optimism that Washington can reach a deal for another round of fiscal stimulus for the millions of Americans who need it. (Colin Ziemer/New York Stock Exchange via AP)

(AP) — Global shares are rising ahead of the latest U.S. monthly jobs report as hopes grow for a gradual global economic recovery from the damage of the coronavirus pandemic. The U.S. report for January is expected to show that employers added 100,000 jobs. That would mark a welcome reversal from a loss in December — the first since April — of 140,000. Still, a gain of that modest size is practically negligible when the economy is nearly 10 million jobs short of its pre-pandemic level. Wall Street futures are up about 0.5%. European shares are also up on Friday after a broad advance in Asia.

 

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