Economic news

Review: Central banks of leading economies push world stocks to record high

World stocks settled near a record high on Friday after the week when most of the world's largest economies raised or announced an increase in interest rates in a heavy indication of confidence about the growth of the global economy and inflation.

The U.S. Federal Reserve raised interest rates on Wednesday, after that China took a similar step, and then Britain and the official representative of the European Central Bank alluded to higher rates.

MSCI's all-country world stock index was near a record high on Friday, being on the way to growth of 1% for the week.

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