A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Sunday, September 24, 2023

World Shares Rise on US Budget Deal Hopes

World Shares Rise on US Budget Deal Hopes(New York) – Global stocks have advanced to their highest levels since September on signs of compromise in U.S. talks to stop automatic tax hikes and spending cuts that could hurt the economy next year. With confidence rising that lawmakers would avert the “fiscal cliff,” investors have started shifting funds to stocks and the euro and pulled away from assets traditionally viewed as safe harbors like bonds, gold and the U.S. dollar.
The euro hit a 7-1/2 month high against the greenback. Whereas Wall Street rallied, putting the S&P 500 on track for its best two-day run in a month.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.

RELATED ARTICLES

UAE FOREIGN MINISTER, FOSTERS DIPLOMATIC BONDS AT the UN

  In New York on September 21, 2023, H.H. Sheikh...

Sultan Al Neyadi’s Earth Return from Historic Space Mission

UAE astronaut Sultan Al Neyadi has successfully completed a...

Record-Breaking UAE Non-Oil Foreign Trade Reaches AED 1.239 Trillion in H1 2023

In H1 2023, the UAE achieved a historic milestone...

Hamdan bin Mohammed Reviews RTA’s Infrastructure and Smart Traffic Projects

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum,...

UAE and Brazil Forge Economic Knowledge Exchange Partnership

The UAE and Brazil have initiated a groundbreaking partnership...

Chrystia Freeland named new Canada finance minister

Canada's deputy prime minister Chrystia Freeland has been named...

Qantas reports £1bn annual loss

Qantas has reported an annual loss of almost A$2bn...

Saudi railway wins international award

The Saudi Railways Co. (SAR) won the International Safety...

Spain struggles to contain Europe’s worst virus infection rate

Just seven weeks after controlling its first coronavirus wave,...