NEW YORK -Global shares rose on Thursday, on track to snap three straight sessions of losses, while U.S. yields as strong corporate results help to allay worries over upcoming elections and rate cuts.) jumped 17% after CEO Elon Musk on Wednesday provided a rosy forecast on car sales growth next year that helped to reassure investors.and Nasdaq were trading higher in early trading, driven by consumer discretionary and real estate stocks. The Dow was down.European shares were also trading up 0.
"So markets are adjusting to a new forecast for the Fed in its own mind that perhaps the Fed isn't going to be lowering rates quite as extensively and quickly as they hope. However, the real bottom line is the economy doing OK and earnings season is coming on with reasonable gains," Farr added. Traders are now pricing in a near 95% chance of a 25 basis point cut at both of the Fed's November meetings, according to the CME Group’s FedWatch Tool. Benchmark 10-year note yields were last down 3.6 basis points at 4.206% after reaching 4.26% on Wednesday, the highest since July 26.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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