Coal in US over-the-counter trading was higher today, buoyed by gains in the rest of the energy complex and by hopes that whatever staggering steps the economy takes, the recovery will continue to progress despite them. A private payrolls report today served to build expectations that some form of continuing assistance from economic policymakers would be forthcoming, and that mild bad news now might minimize the risks of worse news, later. And second- quarter OECD growth was stronger than expected while the International Monetary Fund in a separate report today said the “recovery is proceeding broadly as expected” around the world.
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