Key Points
NEW YORK (Reuters) A gauge of global equities rose on Wednesday following consecutive declines to start the week, while longer-dated U.S. Treasury yields fell after economic data kept afloat expectations the Federal Reserve has leeway to cut rates next year...
Softening economic data and recent comments from Federal Reserve officials, including Chair Jerome Powell, have heightened expectations that the U.S. central bank has ended its interest rate hiking cycle and will begin to cut rates as soon as March...
In addition to the Fed, expectations have risen for rate cuts in other global economies, with markets currently pricing in a 71% chance of cut by the European Central Bank (ECB) in March...
The yield on the benchmark U.S. 10-year Treasury note on Wednesday fell 6 basis points to 4.112% after hitting a fresh 3-month low of 4.106%, suggesting the bond market is anticipating a weak jobs report on Friday...
The pan-European STOXX 600 index gained 0.52% and MSCIs gauge of stocks across the globe advanced 0.17% after two straight days of declines, its first consecutive daily declines in five weeks...
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