Fed optimism, technology appetite fuel global equity rally

have traders bracing for the Federal Reserve’s (Fed) first rate cut this year on Wednesday — with expectations building for a full easing cycle ahead. The dollar stays under pressure, US 2-year yield hovers near year lows, and equities are pushing higher with the S&P 500 hitting fresh records. Elsewhere, diverging policy paths are in focus: the European Central Bank (ECB) signals an end to easing, the Bank of England (BoE) is set to hold amid sticky inflation, while the Bank of Canada (BoC) could deliver another cut this week. Cherry on top, Fitch’s downgrade of France adds pressure on spreads and bond markets. Meanwhile, Asia steals the spotlight. China’s weak data stokes stimulus hopes, propelling the CSI 300, Hang Seng and battery giant CATL. Korean tech champion SK Hynix fuels the KOSPI’s surge, while AI enthusiasm keeps Alibaba, BYD and Tencent near multi-year highs. Listen to find out more!