Global Stocks Rise As Investors Bet On Imminent Fed Rate Cuts

Benzinga

Global markets started the week higher as traders priced in a possible Fed rate cut in December, with comments from John Williams lifting expectations. European and U.S. equities rose while oil slipped on reports of a revised U.S.–Ukraine peace proposal that could expand supply. The dollar weakened as rate-cut odds climbed, and Brent crude edged lower.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Global stocks over the week hires investor position for a potential Federal Reserve

00:06rate cut in December, according to Reuters. Fed funds futures show about a 60% chance of

00:10a 25 basis point move, and comments from policymaker John Williams boosting expectations

00:15after he said rates could fall in the near term. European equities rallied with the stock 600

00:20up 0.5% after last week's decline, and U.S. futures rose as tech, drug makers, and banks

00:25gave. Oil prices dipped after the U.S. and Ukraine were going to modify a peace proposal

00:30with Russia that could ease sanctions and increase supply.

00:33The dollar weakened against most major currencies as rate cut expectations rose, while the euro

00:38itched higher and the pound held steady out of the upcoming budget.

00:41Red crude dipped 0.5% to $62.27, while gold prices held steady at $4,064.

00:49For all things money, visit Benzinga.com.

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