From Yahoo Finance: 2024-05-06 02:09:53

Stocks continued to rise as traders anticipate a potential rate cut from the Federal Reserve, with S&P 500 futures and Europe’s Stoxx 600 up 0.2%. Chinese shares led the rally in Asia, while the yen weakened against the dollar. European Central Bank Chief Economist Philip Lane hinted at a rate cut in June, contributing to the positive sentiment in global markets. Key events this week include rate decisions in Australia, Brazil, Sweden, and Malaysia, as well as earnings reports from UBS, Walt Disney, and BP. Bitcoin rose to $64,223.48, while Brent crude increased to $83.51 a barrel.



Read more at Yahoo Finance: Stocks Climb as Traders Revive Fed Easing Bets: Markets Wrap