Global equities rose as U.S. Treasury yields and the dollar fell on lower interest rate prospects. Argentina’s peso hit a record low after President Milei’s party lost. Japan’s Prime Minister resigned, shaking the yen. France’s government was ousted over debt plans, while Indonesia’s stocks fell after a cabinet shake-up. U.S. investors eye Fed rate cut after weak labor data. MSCI global stocks rose, with Wall Street hitting record highs. Dollar weakened, yen fell. U.S. Treasuries yields hit lowest since April. Oil prices rose on modest OPEC+ output hike. Gold surged past $3,600 on Fed rate cut expectations.
Read more at 1. “Stock Market Surges to Record Highs on Strong Economic Data and Earnings Reports.” – CNBC
2. “Unemployment Rate Drops to 4.2%, Lowest Level in 20 Years.” – Wall Street Journal
3. “Tech Giants Apple and Amazon Report Strong Quarterly Profits, Beating Expectations.” – Reuters
4. “Federal Reserve Raises Interest Rates to Combat Inflation Concerns.” – CBS MarketWatch
5. “Cryptocurrency Market Volatility Continues as Bitcoin Prices Fluctuate.” – Barchart: Stocks rise on rate cut bets, political upheaval unsettles currencies globally
