Global Stocks Rise Amid Political Upheaval Japan, France, Argentina
Global Stocks Rise Amid Political Upheaval Japan, France, Argentina

Global Stocks Rise Amid Political Upheaval Japan, France, Argentina

News summary

Global stock markets rose on Monday amid political turmoil in Japan, France, and Argentina, alongside mixed economic data and expectations of a U.S. Federal Reserve interest rate cut. Japan's Prime Minister Shigeru Ishiba resigned, causing the yen to plunge and Japanese stocks to rise, while France's Prime Minister Francois Bayrou faced a likely confidence vote loss, adding to European market uncertainties. Argentina's ruling party suffered a heavy defeat in Buenos Aires province elections, leading to a sharp drop in Argentine stocks and currency. The weaker-than-expected U.S. August jobs report strengthened expectations of a Fed rate cut later this month, contributing to lower Treasury yields and a broadly weaker dollar. Investors are also awaiting upcoming U.S. inflation data, which may influence further monetary policy decisions. Overall, markets are balancing political risks with optimism over easing inflation and potential monetary easing.

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