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Stocks Surge to Record Highs; Dollar Strengthens: Markets Wrap

  • West Texas crude falls for second consecutive week; Gold rises
  • Pound weakens, gilt yields drop after poor retail sales data
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Credit Suisse is “overweight” risk, equities, says John Woods, CIO for Asia Pacific.Source: Bloomberg
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Stocks extended this week’s relentless push to all-time highs as positive U.S. and China economic data, low interest rates and easing trade tensions propelled investor optimism. The dollar strengthened and gold climbed.