Home Uncategorised GLOBAL MARKETS-Stocks slump, greenback gains as central banks continue inflation battle

GLOBAL MARKETS-Stocks slump, greenback gains as central banks continue inflation battle

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Global shares slumped on Thursday, while the U.S. dollar gained and Treasury yields ticked down, after major central banks hiked interest rates in their final policy decisions of the year. A day after the U.S. Federal Reserve said it expected rates to stay higher for longer, U.S. retail sales fell more than expected in November, while the labor market remained tight.

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