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Premarket: Stocks in retreat; Buffett buys Suncor shares Add to ...

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Global stock markets are in retreat this morning, with selling in U.S. stock futures intensifying as a slew of U.S. economic reports were released.

Among them were U.S. jobless claims, which dropped to the lowest level since October 2007 - an indication that the U.S. Federal Reserve may very well start to cut back back on its $85-billion (U.S.) bond-buying program starting next month. The Fed has tied the reduction of stimulus measures to the health of the nation's employment.

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