THE FINANCIAL TIMES reports:
Global stocks fell on Thursday after better than expected US economic data bolstered the Federal Reserve’s belief that further monetary tightening is required.
The S&P 500 fell 2 per cent in afternoon dealings after US third-quarter gross domestic product growth was revised higher to a 3.2 per cent annualised rate, from 2.9 per cent in November. Weekly initial jobless claims numbers were also lower than expected at 216,000, below the 222,000 forecast by economists. The tech-heavy Nasdaq Composite …
