Global Markets Surge: S&P 500 Eyes Best September in Over a Decade, Gold Hits Record High Amid Rate Cut Hopes
Global Markets Surge: S&P 500 Eyes Best September in Over a Decade, Gold Hits Record High Amid Rate Cut Hopes
Global equity markets are experiencing a significant uplift at the start of the week, with major indices extending a robust September rally. Investors are keenly anticipating a series of upcoming labor market reports, betting that the data will solidify expectations for potential US interest rate cuts, thereby fueling the market’s ascent.
Adding to the bullish sentiment, gold has set a fresh record, surpassing $3,800 an ounce. Futures for the S&P 500 climbed 0.5%, positioning the benchmark for its strongest September performance since at least 2013. Europe’s Stoxx 600 also saw gains, rising 0.3%, while a key gauge for Asian stocks advanced following a notable 1.9% increase in Hong Kong.
Disclaimer: This content is aggregated from public sources online. Please verify information independently. If you believe your rights have been infringed, contact us for removal.