Business

European Stocks Rise at Start of Trading Following US Fed Rate Hike

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Muscat: European shares edged higher today, after the US Federal Reserve delivered a widely anticipated interest rate hike.

According to Oman News Agency, in major European markets, France's CAC 40 rose by 0.42%, while Germany's DAX gained 0.51%. Meanwhile, the UK's FTSE 100 rose by 0.39%, while Italy's MIB gained 0.48%.

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Dollar Rebounds in Asian Markets as Gold Reaches Historic Heights

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Tokyo: The US dollar clawed back some ground in Asian trading today. The dollar index was last up 0.2% at 97.873, having touched its lowest since July 28 on Monday. Gold hit an all-time high.

According to Oman News Agency, against the yen, the dolla…