💨 Abstract

Global stocks rose on Friday, with U.S. stocks attempting to halt a five-day losing streak, led by gains in utilities. The dollar softened after its recent rally but gained support from a stronger-than-expected U.S. manufacturing survey. The Fed's December policy statement reduced expectations for 2025 cuts, while the dollar index, which measures the greenback against a basket of currencies, rose 1.4% for the week.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖