"Global Stocks Soar as Fed Stance Boosts Market Confidence"

TL;DR Summary
Asian stocks surged to record highs following the US Federal Reserve's indication of sticking with its interest rate cut plans, with gold prices and benchmarks in Tokyo and Taipei also reaching record levels. The US dollar slightly decreased, and traders raised their expectations for a US rate cut in June. Central bank meetings in Switzerland, Norway, Britain, and Turkey are scheduled, while the prospect of rate cuts weighed on the dollar and lifted the yen from near multi-decade lows. Additionally, the Australian dollar jumped to a one-week high after a strong jobs report, and Brent crude futures rose on supply concerns.
- Asian stocks jump on Fed stance, focus turns to BoE Reuters
- Stocks Climb to Record on Fed, Chip Industry Boom: Markets Wrap Yahoo Finance
- Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflation The Associated Press
- South Korea, Japan stocks gain over 2% after Fed maintains rate forecast; Nikkei closes at all-time high CNBC
- Stock Market Today: Asian Shares Rise After Wall Street Rallies to Records U.S. News & World Report
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