Global Markets React to Anticipated US Fed Rate Cut and Trade Deal Speculations
Global shares mostly traded higher following records set by Wall Street and expectations of an imminent interest rate cut by the US Federal Reserve. Additionally, Oracle's shares surged amid US-China trade deal speculations, while corporate movements such as Trump's defamation lawsuit against The New York Times influenced market dynamics.
- Country:
- Japan
Global shares experienced a mostly positive trend on Tuesday, influenced by Wall Street's record highs and anticipations that the US Federal Reserve will cut its main interest rate for the first time this year. Investors are optimistic about the upcoming rate announcement.
S&P 500 futures saw a 0.2% rise before market opening, while tech stocks pushed Nasdaq futures 0.3% higher. Oracle shares notably jumped by 5% due to speculation about its role in the US-China trade deal, as outlined by the Trump administration.
Elsewhere around the globe, European indices showed mixed results at midday, while in Asia, Japan's Nikkei hit record highs despite domestic political uncertainty. Investors around the world are paying close attention to ongoing economic presentations and geopolitical developments.
(With inputs from agencies.)
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