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Global markets: US jobless claims rise through holiday season

By Commodity News Service Canada

WINNIPEG, December 31 – The following is a glance at the news moving markets globally.

US JOBLESS CLAIMS MOVE 20,000 HIGHER
New US jobless claims for the week ended December 26 gained by 20,000, according to the country’s labour department, to sit at 287,000.

That figure is the highest seen since July, but analysts say the news will likely not have a dramatic effect on markets, given the volatile nature of data during the holidays.

RUSSIA’S FOREIGN DEBT FALLS TO $538.2 BILLION

Russia’s foreign debt fell to $538.2 billion on October 1, compared with $555.7 billion on July 1.

The figure is revised from a previous estimate of $521.6, which was released by the country’s central bank in October.

CRUDE OIL FUTURES SHED CLOSE TO ONE PER CENT IN EARLY ACTIVITY
New York crude oil futures shed close to one per cent in early activity on Thursday, as previous gains were handed back due to tepid demand from the US and Europe.

As 2016 nears, analysts say New York crude oil is heading for its biggest two-year loss as the US has record stockpiles, according to reports.

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