Investors are buoyed by hopes of a soft landing as global stocks rise, supported by anticipated rate cuts from the US Federal Reserve.
Ipek Ozkardeskaya noted that investors are optimistic after the opening week as they await Jerome Powell's hints towards a possible 25bp rate cut.
The MSCI Asia-Pacific index reached a one-month high, reflecting investor confidence in the prospects of avoiding a recession and benefiting from expected rate cuts.
European markets are mixed with expectations of gains in Germany’s DAX, but a slight decline anticipated for the FTSE 100, reflecting market volatility.
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