Premarket: Global stocks rally on rate cut hopes

World stocks hit a record high and bond markets rallied on Thursday as galvanized hopes of interest rates cuts in the United States and other major economies extended a powerful month-long global bull run. U.S. futures pointed higher as Wall Street looked to extend its run.

In early trading, Britain’s FTSE 100 fell 0.33 per cent, Germany’s DAX gave up 0.24 per cent and France’s CAC 40 dropped 0.47 per cent. “Also, up until not too long ago, the market was focused on the U.S. outperforming Europe on many fronts. But now that has almost started to reverse,” he added, pointing to another monthly improvement in euro zone industrial production data.

In Asian equity markets, Japan’s Nikkei closed 1.39 per cent higher at 38,920.26, while Hong Kong’s Hang Seng was up 1.59 per cent to 19,376.53.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Premarket: Global stocks little changed ahead of U.S. inflation dataBenchmarks in Europe, Wall Street futures were steady
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks see boost from rate-cut feverSteady U.S. dollar helps lift commodities
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks stall near record highsU.S. futures eased, dragged lower by Uber
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks boosted by U.S. rate relief confidenceShares traded near one-month highs while U.S. futures pointed to a steady start
Source: globeandmail - 🏆 5. / 92 Read more »