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World stocks hit two-week high, Europe surges on 'Goldilocks' US job report

US economy is experiencing a combination of high growth and low inflation, referred to in the market as a "Goldilocks" trend

Reuters  |  London 

World stocks surged to a two-week high on Monday after strong US jobs data at the end of last week helped take the edge off investors' concerns about the potential outbreak of trade war between the United States and other major economies. European shares shot up across the board, following their Asian counterparts, while emerging market currencies strengthened as investors bought up so-called riskier assets and sold "safe haven" securities such as gold and government bonds. Markets have been cheering Friday's US nonfarm payrolls data which showed a hefty 313,000 ...

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First Published: Mon, March 12 2018. 16:53 IST