NEW YORK, Oct 9 - A gauge of global stocks rose slightly on Wednesday, while U.S. Treasury yields mostly edged higher, as investors awaited minutes from the Federal Reserve's September meeting and inflation data for clues on the central bank's interest rate path.
" just a reflection of how super-sized Big Tech has become. Any uncertainty there will feature into the rest of the market," said Ben Laidler, head of equity strategy at Bradesco BBI. After completely pricing in a cut of at least 25 bps last week, with a 35.2% chance of a second consecutive cut of 50 bps, the market is betting on an 84.1% chance of a 25 basis point cut at the Fed's November meeting, and a 15.9% chance it will hold rates steady, CME's FedWatch Tool, showed.
China's stock rally short-circuited, with both the Shanghai Composite index , and CSI300 index , suffering their biggest one-day percentage drops since February 2020.
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