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Stock futures pull back from losses as jobless claims rise

  • Stocks look to a flat open after retail sales data painted a mostly encouraging picture for personal consumption while jobless claims spiked higher; the latter could provide a data point to prevent the Fed from making a tapering announcement next week.
  • The market is confronted with the negative effect of the eventual draining of liquidity, but with the positive effect of an improving economy, so neither the bulls nor the bears are in control.
  • Asian markets finished broadly lower while European bourses bounce off lows, as markets remain on edge over Fed policy.
  • Gold is sharply lower amid taper fears
  • Still ahead; business inventories, EIA natural gas inventory.
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