Stocks dip although US inflation cools
LONDON - US and European stocks fell on Friday despite a key gauge showing inflation to be slowing, as investors remain concerned about recession risks.
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LONDON - US and European stocks fell on Friday despite a key gauge showing inflation to be slowing, as investors remain concerned about recession risks.
The Fed has made clear it is willing to push the US economy into recession to bring inflation back down.
European and US stocks traded firmly higher Wednesday, lifted by US company earnings reports and cheerier consumer confidence data.
Equity markets often experience a so-called Santa rally, when prices rise during thin year-end trading dominated by small investors in a festive mood.
The yen soared to a four-month high against the dollar Tuesday after a surprise tweak to monetary policy by the Bank of Japan, which decided against hiking