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Euronews
Euronews
Una Hajdari

Santa Claus rally or year-end wobble? Global markets close the year on a cautious note

Is Santa bringing a rally — or coal — to global markets this Christmas?

World shares were mixed on Wednesday, with investors weighing the traditional year-end Santa Claus rally against fresh signs of a late-season slowdown, after the benchmark S&P 500 closed at another record high on a report showing the US economy grew at an unexpectedly strong 4.3% annual rate in July to September.

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