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Global stocks rise as investors hopeful of US interest rate cut

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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.

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