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Initial jobless claims filed in the U.S. last week were the lowest since May 2008, the Labor Department said, the latest indication of strength in the weak jobs market. Also helping sentiment, a gauge of mid-Atlantic manufacturing activity jumped for December versus the prior month. Read more on jobless claims and the Philly Fed’s activity index.
EXPERTS predicted shares would rise up to 17pc in 2011. They fell 14.5pc. So, in 2012, who do we listen to?