Reported about 24 hours ago
Global equity markets reached new highs for the second consecutive day, buoyed by investor optimism regarding a potential interest rate cut from the U.S. Federal Reserve. The MSCI All Country World Index hit a record high, spurred by positive sentiment on Wall Street and slight inflation data showing modest consumer price increases. U.S. Treasury bond prices rose, and traders anticipate nearly a 100% chance of a Fed rate cut in September, while the dollar weakened against other currencies.
Source: YAHOO