Stocks Rise on Fed Rate Cut Expectations Amid Global Political Uncertainty

Global stock markets showed cautious optimism as investors anticipated a potential interest rate cut by the U.S. Federal Reserve to address weakening job growth and inflation concerns. Asian markets opened flat to slightly higher, supported by strong performances in tech stocks despite recent political uncertainties worldwide, including France's government collapse. European stocks remained positive, buoyed by expectations of Fed easing, while French political turmoil was largely priced in, with President Macron seeking a new prime minister after the ousting of Francois Bayrou. Futures for the S&P 500 and Nasdaq hinted at new record highs, reflecting confidence in a rate cut, possibly as soon as next week, with markets pricing in a chance of a 50 basis point reduction. Key U.S. data releases, including revised employment figures and inflation reports, are expected to influence the Fed's decisions. Meanwhile, oil prices rose amid Middle East tensions, adding to market uncertainty.