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U.S. stocks stepped tentatively higher on Monday after Wall Street's best weekly performance this year, as investors waited to hear from Federal Reserve Chair Janet Yellen, who makes her first monetary policy report to lawmakers on Tuesday. More >> McDonalds Corp released same-store sales results for January, blaming the weather for a sharp decline in U.S. sales. Same-store sales fell 3.3% in the United States, but gains in Europe and Asia allowed the company to post global growth of 1.2% in January. More >>
Chinas stocks rose after the government extended subsidies for automakers and analysts said consumer spending during the lunar New Year holidays will support economic growth. More >> In a report, Cabinet Office said that Japanese Household Confidence rose to a seasonally adjusted annual rate of 40.5, from 41.3 in the preceding month. More >> Australias dollar weakened versus its major peers before data this week that may show unemployment rose and as Toyota Motor Corp. said it will stop making cars in the South Pacific nation. More >>
OIL ($100.02/bl; -0.27% / Brent: $107.76/bl; -1.07): Oil held near USD100-a-barrel, as investors were awaiting FEDs Chairman Janet Yellen's testimony over its semiannual monetary policy report. More >> NATURAL GAS ($4.591/Mmbtu; -1.41): Natural gas prices dropped after weather-forecasts continued to call for a thawing trend to in over much of the U.S. through the third week of February. More >> GOLD ($1273.90/oz t; +0.53%): Gold capped the longest rallies since August as economic concerns boosted demand for the metals as alternative investments. More >>
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