Global Markets React to Fed's Interest Rate Cut Amid Political and Economic Jitters

Global markets saw positive reactions after the Federal Reserve announced its first interest rate cut of the year. Wall Street futures and the dollar saw an upward movement, supported by European market gains following the Fed's cautious roadmap for rate adjustments.

Asian markets rallied after Chinese stocks achieved a 10-year high, buoyed by news about Nvidia, while U.S. and China's Presidents prepared for crucial talks. Meanwhile, the dollar stabilized after its recent low, offering relief to global exporters.

Amid these economic updates, political tensions in France posed risk, with anti-austerity protests gaining momentum. Despite slight currency fluctuations, oil and gold prices showed resilience, contributing to a mixed yet hopeful economic outlook.

(With inputs from agencies.)