Reported about 2 months ago
Global stocks are nearing an all-time high as traders anticipate interest rate cuts from the Federal Reserve. The MSCI All Country World index rose 0.1%, while Europe's Stoxx 600 index increased by 0.5%, supported by Deutsche Bank's forecast of improved earnings. Market focus shifts to Fed Chair Jerome Powell's upcoming speech at the Jackson Hole symposium, which could signal a September rate cut. Amidst mixed economic data from Europe and rising US Treasury yields, traders continue to speculate on future rate adjustments.
Source: YAHOO