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Stocks rally, dollar higher in wake of US jobs numbers

Major stock indexes jumped to record highs and the dollar was also up on Friday after data showed the U.S. economy created fewer jobs than expected in December, which did little to change rate cut expectations from the Federal Reserve this year.

Supply Is Manageable for Spreads: BNPs Robson

On "Bloomberg Real Yield", Meghan Robson, head of US credit strategy at BNP Paribas, and Zachary Griffiths, head of US IG & macro strategy at CreditSights, speak with Scarlet Fu about the credit market. Global bond sales had their busiest ever start to a year. US high grade sales this week topped $90 billion and was the busiest week ever for a non-Covid year. (Source: Bloomberg)

IEAs Fmr. Oil Head: China Doesnt Need Venezuelan Oil

Neil Atkinson, visiting fellow at the National Center for Energy Analytics and former IEA oil markets chief, says Venezuela’s oil industry has severely deteriorated. He tells Katie Greifeld and Romaine Bostick on “The Close” that China’s involvement is driven more by political influence than oil demand. (Source: Bloomberg)

Pure Storage (PSTG) surpasses market returns: Some facts worth knowing

Pure Storage (PSTG) ended the recent trading session at $66.98, demonstrating a +1.95% change from the preceding days closing price. The stocks change was more than the S&P 500s daily gain of 0.65%. Meanwhile, the Dow experienced a rise of 0.48%, and the technology-dominated Nasdaq saw an increase of 0.82%. Prior to todays trading, shares of the data storage company had lost 13.41% lagged the Computer and Technology sectors loss of 1.6% and...

Hartrees Ed Morse Reacts to Trump Venezuela Oil Exec Meeting

Ed Morse, Hartree Partners senior advisor, says Venezuela’s political uncertainty is a major risk for oil markets. He tells Romaine Bostick and Katie Greifeld on “The Close” that its vast oil reserves are also among the world’s most costly to produce. (Source: Bloomberg)