Global shares stall, dollar up as more U. S. budget fights loom
LONDON (Reuters) – World share gains stalled and the dollar rose on Thursday as investors grew concerned about political battles looming in Washington over spending cuts, following this week’s deal to avoid sharp U. S. tax hikes. The MSCI world equity index dipped from an 18-month high to be down 0. 15 percent at 346. 7 points while the dollar hit a three-week peak against a basket of major currencies and oil prices fell. . . .
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