Global Market Surge Amid U.S. Rate Cut Hopes
Global shares and the dollar surged as investors anticipated further rate cuts in the U.S., while U.S. tariffs impacted gold futures. European and Asian markets also performed strongly. Nonetheless, U.S. policy shifts at the Federal Reserve continue to evoke uncertainty amidst leadership changes and debates over inflation impacts.
Global shares saw a significant rise on Friday, driven by investor optimism about potential U.S. rate cuts. This comes alongside a rally in gold futures, influenced by new tariffs on U.S. imports of gold bars, primarily from Switzerland.
European markets received a boost from positive earnings and hope that hefty U.S. tariffs might be renegotiated. In the United States, a potential change at the Federal Reserve has added a layer of uncertainty as U.S. President Trump moves to nominate Stephen Miran to fill a temporary Fed seat.
Elsewhere, Asian markets, particularly Japan, recorded impressive gains with the Nikkei 225 index rising 2%. Meanwhile, U.S. gold futures hit a record high amid reports of new import tariffs, and the dollar rose slightly against other major currencies, continuing its upward trend.
(With inputs from agencies.)
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