From Investing.com: 2024-06-05 04:40:43

World shares rose as the dollar steadied ahead of the ECB meeting. Soft U.S. labor data increased bets for a September rate cut by the Federal Reserve. Concerns about the U.S. economy persisted. Indian markets saw a boost after election results showed Modi’s party with a slimmer majority than expected. ECB expected to cut rates. Euro zone business activity grew in May, but the U.S. saw job openings fall in April. Traders are expecting the Bank of Canada to cut rates. Wall Street futures indicate slight gains. Benchmark 10-year note yields dropped, while the dollar weakened slightly following analysts’ predictions of dollar overvaluation. India’s markets bounced back after a tough day. Oil prices hit four-month lows due to OPEC+ decisions and rising fuel stocks.



Read more at Investing.com: Stocks gain on rate-cut wagers as ECB meeting looms By Reuters