The China stock market closed lower for the second consecutive session, with the Shanghai Composite Index dropping over 110 points. The global market forecast is positive, following upbeat interest rate outlooks. The SCI saw losses in financial, resource, and property sectors. The index finished at 3,834.89, down 2.45%, while the Shenzhen Composite Index fell 3.43%. Wall Street ended on a high note, with the Dow up 1.08%, NASDAQ up 0.88%, and S&P 500 up 0.98%. Crude oil prices decreased due to oversupply concerns. The University of Michigan reported a drop in inflation expectations, boosting optimism for interest rates.

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