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U.S. stocks were set to open little changed Friday as investors took a wait-and-see approach to the G-20 meeting of finance ministers underway in France.
There's no economic news today so the market will be focused on the G-20 meeting
U.S. stocks ended at fresh multi-year highs Thursday, as investors focused on an upbeat manufacturing report and looked past indications that inflation is heating up.
China's central bank will raise the reserve requirement ratio for the nation's banks by half a percentage point, marking the second increase so far this year. The government hiked the reserve requirement six times in 2010, as the nation attempts to combat inflation.
Oil for April delivery edged up 36 cents to $89.20 a barrel.
Gold futures for April delivery rose $1.50 to $1,386.60 an ounce.
The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 3.59% from 3.57% late Thursday.
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