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Improving sentiment supports economic outlook as global indices extend gains
Stronger consumer sentiment and steady market gains lifted economic confidence in the US, while India’s Nifty advanced on supportive domestic trends.
Economic readings reflected gradual improvement as the University of Michigan’s consumer sentiment index reached 53.3 in early December, beating the forecast of 52 and reinforcing forecasts of a near-term Fed rate cut. Across the US, the S&P 500 advanced 0.31%, the Nasdaq rose 0.91%, and the Dow added 0.5% for a second straight weekly climb