European, U.S. shares gain

11/17/2013 | Bloomberg

European and U.S. shares rose modestly Friday, buoyed by the latest indications from the U.S. Federal Reserve on extended stimulus and stronger industrial output figures. Noting dovish testimony by Fed chair nominee Janet Yellen, Michael Morris, head of equities at Mitsubishi UFJ Asset Management in London, said that "the Fed under Yellen will be concerned about U.S. economic growth, meaning the likelihood of early tapering seems low."

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