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Optimism Up, Prices Not, Yet Good News Fails To Help Sagging Stocks And Dollar Markets Focusing Elsewhere.(A)
Byline: JED GRAHAM
A rise in consumer sentiment and a jump in crude materials prices in reports out Friday gave evidence of a strengthening economy.
But the news failed to cheer investors, who sold off stocks, bonds and the dollar amid geopolitical tension.
The University of Michigan's consumer gauge rose to 87 from 84.2 last month and October's nine-year low of 80.6.
Meanwhile, the Labor Department said producer prices unexpectedly fell 0.4% last month. Core prices, which factor out volatile food and energy, still fell 0.3% due to a 3.3% drop in auto prices.
But an index of raw materials prices jumped 5.1% from October and 14.7% …
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