Stocks Hit Record as Fed Cut Bets Gain Momentum: Markets Wrap
Asian stocks were set to advance after a gauge of global equities touched a record high Thursday on calming geopolitical concerns and increased expectations for Federal Reserve rate cuts this year.
Equity index futures in Japan, Australia and Hong Kong were all higher early Friday after the S&P 500 advanced 0.8% to within striking distance of a new high. The Nasdaq 100 achieved the feat after rising 0.9%, helping MSCI's global shares index to a record high. Contracts for US equities edged higher early Friday.
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Bloomberg
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