World shares underpinned, dollar undermined by Fed wagers
World shares underpinned, dollar undermined by Fed wagers
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00:00World stocks slightly rose and the dollar declined following the best week of global equities in nine months on hopes that the U.S.
00:07economy would avoid a recession and that declining inflation would initiate a cycle of interest rate reduction.
00:14The dollar dropped against the euro as the yen suddenly shot higher, putting pressure on the Nikkei and gold broke beyond
00:22$2,500 an ounce for the first time due to the possibility of lower borrowing costs. Currently, S&P 500
00:30futures CESC1 are up 0.2% and Nasdaq futures are ahead by 0.3%, adding to last week's gains as investors anticipate a softer-than-soft landing for the U.S. economy.