Reported 2 months ago
The Federal Reserve has indicated a potential interest rate cut in the upcoming weeks as inflation pressures ease, leading to a rally in bond markets. With optimism surrounding monetary easing and mixed signals from the earnings season alongside economic performance in Japan and China, markets are seeing significant movements. Notably, chipmakers surged due to AI spending trends, while the decline in China's manufacturing PMI heightened global market concerns. The Bank of England's decision on rates is also anticipated, with a mixed outlook across European markets.
Source: YAHOO