Global Update

Global updates: Tech pullback

Despite continuing concerns over an increasingly frothy US technology sector, the Dow Jones Industrial Average Index (DJIA) breached 48,000 points during November for the first time.

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Market Updates

US interest rate update: Fed rift widens

The Federal Reserve cut US interest rates by 25 basis points to a range of 3.5% to 3.75%, taking the federal funds rate to its lowest level since for three years.

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