"Global Stocks Soar as Fed Stance Boosts Market Confidence"

1 min read
Source: Reuters
"Global Stocks Soar as Fed Stance Boosts Market Confidence"
Photo: Reuters
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.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

3 min

vs 4 min read

Condensed

86%

701101 words

Want the full story? Read the original article

Read on Reuters