Reported about 6 hours ago
Global shares surged to record highs on Monday as markets anticipated a U.S. Federal Reserve rate cut this week, with gold prices also nearing all-time highs. According to traders, there is a near 100% probability of a 25 basis-point cut at the Fed's meeting. The MSCI's All-country index saw a rise of 0.47%, while on Wall Street, the S&P 500 and Nasdaq reached intraday records. The dollar weakened against major currencies in the lead-up to the Fed's policy easing announcement.
Source: YAHOO