Global Shares Rise as South Korea and US Await Rate Cuts

Monday, 16 September 2024, 18:30

Global shares higher as South Korea and the United States anticipate significant rate cuts. European stocks gain traction, influenced by easing bets ahead of the Fed decision. Investors are closely monitoring market dynamics as rate expectations shift, boosting risky assets.
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Global Shares Rise as South Korea and US Await Rate Cuts

Global Markets React to Rate Cut Anticipations

By Samuel Indyk and Rae Wee, LONDON (Reuters) - Global shares are on the rise, particularly in Europe, as investors speculate on rate cuts from the U.S. Federal Reserve and South Korea. The U.S. dollar struggles to gain ground, reflecting increased expectations of an easing cycle.

Investor Focus on Upcoming Federal Reserve Decision

Investors are primarily focused on the Fed's decision this Wednesday. Futures markets currently indicate a strong chance, approximately 65%, of a 50-basis-point rate cut, significantly up from 15% just a week ago. This shift has encouraged investments in risky assets and pushed both the dollar and bond yields lower.

  • European stocks are gaining traction.
  • U.S. dollar remains under pressure.
  • Market expectations are shifting.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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