Global Markets Surge Amid U.S. Federal Reserve Rate Cuts
World equity markets hit new highs following the U.S. Federal Reserve's interest rate cut. Major indexes, including the Nasdaq and Dow Jones, posted gains, while the U.S. dollar strengthened. Nvidia announced a $5 billion investment in Intel, boosting market confidence despite the Bank of England keeping rates unchanged.
Global financial markets soared to new heights on Thursday, buoyed by the U.S. Federal Reserve's recent interest rate cut. This decision strengthened the U.S. dollar against major currencies, even as the Bank of England opted to maintain current rates.
On Wall Street, key indexes performed robustly. The Nasdaq surged by over 1%, driven in part by a significant investment announcement from Nvidia into Intel, which boosted Intel's shares by over 25%. Meanwhile, the Dow Jones and S&P 500 also posted noteworthy gains, reflecting investor confidence.
Despite these developments, the British pound experienced a slight decline after the Bank of England's decision, aligning with economic forecasts. Additionally, the euro and sterling saw decreases against the dollar, further highlighting the dollar's strength amid recent Federal Reserve actions.
(With inputs from agencies.)
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