Feedback | Friday, May 24, 2024

May 16, 2024 3:33 PM

Global stocks and bonds bask in 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. Investors were still basking in the glow of Wednesday's mild U.S. inflation data as well as growing optimism in Asia that China was finally looking at the kind of measures that might ease its property crisis. MSCI's benchmark world stocks index, which tracks 47 countries, was up for a sixth ...

Copyright © 2024 DD News. All rights reserved
Visitors: 1955198
Last Updated: 24th May 2024