Global markets eye US payrolls as Hormuz fears spike oil

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Global markets traded mixed as investors awaited US jobs data, while oil prices spiked on stalled Middle East peace talks and Hormuz shipping concerns. Weekly US jobless claims fell below estimates at 199,000, signaling labor strength. Markets see a 55% chance of a Fed rate hike next month. Iran reportedly considered blocking ships through the Strait of Hormuz, raising inflationary pressure. US stocks slipped Thursday; Western Digital shares fell despite strong earnings. Asian and European markets were mixed, with China exports beating expectations and Japan household spending dropping.


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