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‘Russia Says It Cut Oil Output By 700,000 Barrels A Day In March; Government’s Pledge Was For Reduction Of 500,000 Barrels; Energy Ministry Data Doesn’t Match Sea Exports, Refinery Runs’ – Bloomberg

https://www.bloomberg.com/news/articles/2023-04-07/russia-says-it-cut-oil-output-by-700-000-barrels-a-day-in-march?srnd=premium&sref=TBDibEcD&leadSource=uverify%20wall Russia’s Energy Ministry said the

SPY

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Labor Market Is Cooling: ADP Job Growth Misses Expectations. Here’s How Fed Rate Bets And Markets Are Reacting

The market got another hint of labor market weakness in the United States on Wednesday, as Automatic Data Processing, Inc. (ADP) reported 145,000 jobs added by private companies in March 2023, down from 261,000 in February and significantly below forecasts of 200,000.

SPY

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Bullion’s Wall Street Boom: Technicals Suggest All-Time Highs Might Be Hit Soon

Gold is having another strong week of gains, breaching the important psychological barrier of $2,000/oz and now nearing its August 2020 record high of $2,075/oz.  The SPDR Gold Trust ETF (ARCA: GLD) is barely 3% away from its all-time high of $195.  A series of bullish catalysts has fueled the precious metal's recent climb. 

GLD

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Car Market Did Something It Hasn’t Done In 8 Months: Pay Attention This Friday

New car inventories have risen for the eighth consecutive month, which could indicate a shift in the auto market. This Friday, the Manheim Index — the premier indicator of pricing trends in the used vehicle market — will release the latest update of its Used Vehicle Value Index. This data could further impact car prices and deals.

ABG