Stocks rise, dollar wilts as investors strap in for Fed rate cut
Business
LONDON, Dec 5 : Global shares rose on Friday, heading for a second week of gains, ahead of a key read of U.S. inflation that investors are confident will not prevent the Federal Reserve from cutting rates next week, which weighed on the dollar and boosted gold. European stock markets opened higher, propelled by gains in mining stocks, after the price of copper hit record highs. The STOXX 600, which has gained 0.7 per cent this week, was up 0.3 per cent by mid-morning. U.S. stock futures were up
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