Global Markets Rally on Rate Cut Hopes Ahead of Key Fed Meeting
Global Markets Rally on Rate Cut Hopes Ahead of Key Fed Meeting
Global stock markets commenced the week with a strong upside, driven by investor anticipation of the Federal Reserve’s imminent interest-rate cuts. This widespread expectation has fueled a significant boost in market sentiment.
S&P 500 futures climbed 0.2%, signaling a potential push into fresh record territory. European equities also saw a positive start, advancing 0.3%. In Asia, the MSCI Asia Pacific index briefly surpassed its February 2021 record before paring some gains. The dollar remained largely stable, while gold experienced a slight downward movement as traders keenly await the upcoming Fed policy announcement.
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