Stock market today: Global shares mostly rise on hopes for US rate cuts

A currency trader walks by the screen showing the Korea Composite Stock Price Index , right, and the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Wednesday, July 3, 2024. Asian shares were mostly higher on Wednesday after Tesla gained more than 10%, helping to drive U.S. benchmarks to more records. – Global shares were mostly higher on Wednesday after comments by Federal Reserve chief Jerome Powell raised hopes for interest rate cuts.

Early Wednesday, France's CAC 40 rose nearly 1.0% in early trading to 7,612.99. Germany's DAX gained 0.6% to 18,276.99. Britain's FTSE 100 added 0.6% to 8,169.20. The futures for the Dow Jones Industrial Average and S&P 500 edged 0.1% higher. The U.S. dollar rose to 161.83 Japanese yen on Wednesday from 161.44 yen late Tuesday. The euro cost $1.0761, up from $1.0743.

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Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zoomsAsian shares are trading mostly higher after Tesla zoomed upward, helping drive the U.S. stock market to more records. Benchmarks rose Wednesday in Tokyo, Seoul, Sydney and Hong Kong, but fell in Shanghai. Asian investors were cheered by hopes for an interest rate cut in the U.S.
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