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Stock benchmarks hit new lifetime highs on Friday, buoyed by the prospect of interest rate cuts in the United States and Europe in coming months, with U.S. jobs numbers the next data milestone ahead of Wall Street's open. As stocks scaled fresh peaks, bond yields and the dollar fell, while gold hit new highs for the fourth straight session. While central banks on both sides of the Atlantic manage expectations of exactly when they will start lowering borrowing costs, investors pushed up the yen after reports that Japan's central bank may begin hauling rates from negative territory as soon as this month.