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The US unemployment dropped to 1.5-year low of 9.4 per cent in December. New figures show the US economy generated a disappointing 103,000 new jobs. The Federal Reserve chairman remains1 cautiously upbeat about the country's economic recovery. Ben Bernanke cited improvements in consumer spending and a drop in jobless claims as hopeful signs that a fragile recovery was perking2 up.
Well, back home, the market's been focused on Queensland's flooding all week with investors3 concerned about the cost to the economy. Some market economists4 say the disaster will wipe about $6 billion of the nation's GDP. The material sector5 including the minors6 has been the hardest-hit. Taking a look at the markets now and as a result, the share market finished the week on a negative note - both the All Ords and the ASX200 closed 0.4 per cent lower on Friday. US stocks rallied after the US jobs data was released, but the Dow Jones is yet to make up for earlier losses.
And in Europe, the main stock markets there fell on Friday with investors cautious ahead of eagerly-awaited US unemployment figures. London's FTSE slid half a per cent. Elsewhere in the region, markets mixed, the Nikkei gained 11 points. And checking the currencies there, the Australian dollar is fairly flat against the greenback.
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1 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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2 perking | |
(使)活跃( perk的现在分词 ); (使)增值; 使更有趣 | |
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3 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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4 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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5 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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6 minors | |
n.未成年人( minor的名词复数 );副修科目;小公司;[逻辑学]小前提v.[主美国英语]副修,选修,兼修( minor的第三人称单数 ) | |
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