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Investors will get several economic reports this week that should provide more insight into the health of the economy. Reports due out later this week are expected to show initial jobless claims dipped last week, while retail sales, industrial production and consumer sentiment are all rising. A Commerce Department report Wednesday is expected to show the U.S. trade deficit grew in March, but that exports climbed. That bodes well for manufacturers that sell goods overseas. Bond prices dipped ahead of an auction for 10-year Treasury notes. The yield on the benchmark 10-year note, which moves opposite its price, rose to 3.54 percent from 3.53 percent late Tuesday. Prices will often slide just before an auction so investors can buy the new debt at a lower price and receive a higher yield. Overseas, Germany's DAX index rose 0.9 percent after a report showed its economy grew more than expected in the first quarter. Britain's FTSE 100 fell 0.4 percent and France's CAC-40 gained 0.3 percent. Japan's Nikkei stock average fell 0.2 percent.
[Associated
Press;
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