Stock market today: World shares are mostly higher as Wall Street gears up for an interest rate cut

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Interest Rate,World Markets

Shares mostly advanced in Europe and Asia on Tuesday as world markets awaited an expected interest rate cut by the Federal Reserve.

in years, which wraps up on Wednesday, traders also were awaiting U.S. retail sales data that will provide a glimpse into the state of the economy.

“The warning is that markets steeped in rich policy expectations are ripe for volatility,” Mizuho Bank said in a commentary. “Accordingly, it may be best to be braced for curveballs that could potentially force market re-pricing.” The Nasdaq composite slipped 0.5% to 17,592.13 as big technology stocks and other market superstars gave back a bit of their big gains from recent years.

The White House has called Elon Musk "irresponsible" after he posted on social media that "no one is even trying" to assassinate Joe Biden or Kamala Harris. The billionaire posted the comment on his X social media platform, followed by a thinking emoji. The White House rebuked Mr Musk in a statement.FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code 1.

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