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Stock rally flags after strong U.S. data, bond yields rise

Bond yields rose on Friday after U.S. employment and manufacturing data underscored a strong economy with little wage inflation, while a gloomy outlook from Amazon.com helped drag a gauge of global equity markets lower.U.S. job growth surged in January, with employers hiring the most workers in 11 months, the Labor Department said, pointing to underlying strength in the economy despite an uncertain outlook that has left the Federal Reserve wary about more interest rate hikes this year.Read More

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