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On Friday, World shares gained as Wall Street opened higher with U.S. tax legislation enthusiasm, and the dollar strengthened as trading slowed before the Christmas and New Year holidays.
MSCI’s gauge of world stocks grew by 0.16 percent following the week’s central bank meetings that resulted in the U.S. Federal Reserve raising interest rates for the third time this year, while the European Central Bank and the Bank of England held off on raising rates…..Read More Now
THE HERALD FINANCE REPORT
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In November, U.S. industrial production increased less than anticipated as a decrease in utilities output balance a post-hurricane rally in the oil and gas industries and the third straight monthly increase for manufacturing, reported by the Federal Reserve on Friday. Overall industrial output gained 0.2 percent after an upwardly adjusted 1.2 percent increase in October.
A poll from economists had projected industrial output advancing 0.3 percent in November. The United States Central Bank’s measure of the industrial sector is made up of manufacturing, electric, gas utilities and mining…..Read More Now