Global stocks move higher as investors await Fed rate cut decision

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Ryanair closes up 6.1% in Dublin following comments from chief executive Michael O’Leary on bookings

Traders work on the New York Stock Exchange. Wall Street’s main stock indexes rose, with the S&P 500 hitting an intraday record high ahead of the interest-rate decision, after fresh economic data allayed worries of a sharp slowdown in the US economy. Photograph: Spencer Platt/Getty Images

Meanwhile, dairy giant Kerry Group gave up some of its recent ground as it sank 1.2 per cent over the course of the day.The FTSE 100 rose 0.4 per cent to a two-week high, lifted by a rise in retailer and personal goods shares, while investors prepared for central bank meetings through the week. On the downside, aerospace and defence stocks led sectoral declines with a 2.2 per cent slip, as report showed some of Ukraine’s allies are starting to talk about how a negotiated end to the conflict could take shape.

Wall Street’s main stock indexes rose, with the S&P 500 hitting an intraday record high in advance of the interest-rate decision, after fresh economic data allayed worries of a sharp slowdown in the US economy.

 

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