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Australian Stock Market Report – Morning 3-8-13

US MORNING REPORT

(8am AEDT)

New claims for unemployment insurance in the US (jobless claims) fell by 7,000 to 340,000 in the latest week. Planned job cuts by US companies lifted to 55,356 workers in February, up 7pct on a year ago according to the Challenger survey. The trade deficit widened from $38.14 billion to $44.45bn in January, above forecasts centred on a result near $42.6bn.

Exports fell 1.2pct while imports rose by 1.8pct. US productivity fell at a 1.9pct annual rate in the December quarter, the biggest annual decline in four years. And US household debt grew at the fastest rate in five years in the December quarter.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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