Global stocks edged up on Thursday while the euro fell as Europe’s central bank kept rates unchanged and U.S. Treasury yields trended lower after data showed the U.S. economy grew more quickly than expected in the fourth quarter. The U.S. economy grew as strong consumer spending defied dire predictions of a recession in 2023, with gross domestic product (GDP) increasing at a 3.3% annualized rate and full-year growth at 2.5%, according to the Commerce Department.
About the Author
