Global stocks rise as investors hopeful of US interest rate cut

  • 📰 LBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 74%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The FTSE 100 was up by 31.42 points, or 0.38%, to close at 8,309.86.

Global stock markets were moving higher on Tuesday as investors await the US’s interest rate decision with bated breath.The blue-chip index was up by 31.42 points, or 0.38%, to close at 8,309.86.

“An economy growing at 2.5% to 3% with low unemployment, inflation above target and equities at all-time highs suggests there will be large pockets of resistance, which makes the outcome tomorrow a coin toss,” he said. It hopes this recovery will pave the way for stronger demand for large household purchases. Its share price closed 11.2% higher.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 17. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTSE 100 fails to make gains as banking stocks hit by tax raid fearsNatWest, Barclays, Lloyds and HSBC were among the fallers amid speculation the upcoming Budget could see a tax increase on banks.
Source: LBCNews - 🏆 75. / 59 Read more »