Global Stocks Surge Amid Rate Cut Speculations
TL;DR Summary
Asia-Pacific stocks rose on Thursday as investors anticipate a rate cut from the European Central Bank, with softer U.S. labor market data fueling hopes that the Federal Reserve might follow suit. Japan's Nikkei 225, Australia's S&P/ASX 200, and Hong Kong's Hang Seng index all saw gains. In the U.S., Nvidia led major tech stocks higher, contributing to record closes for the S&P 500 and Nasdaq Composite.
- Asia stocks rise as ECB appears set to cut rates; softer labor market fuels hopes the Fed might follow suit CNBC
- Bank of Canada cuts key interest rate to 4.75% CBC News
- Europe's Fed Problem The New York Times
- ECB Rate-Cut Expectations Start to Unravel Before First Move Bloomberg
- Stocks gain on rate cut bets as ECB meeting looms Reuters
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