Global Markets Rise on Fed Rate Cut Hopes

Global stock markets rallied amid growing investor optimism that the US Federal Reserve will cut interest rates in its upcoming meeting, supported by recent inflation data and signs of a cooling labor market. In the US, major indices including the S&P 500, Nasdaq 100, and Dow Jones Industrial Average rose, with the S&P 500 heading for its longest winning streak since July, driven by gains in healthcare and materials sectors. European markets also showed strength, with the FTSE 100 and FTSE 250 posting solid gains, despite some financial sector weakness, while individual companies like Ryanair and Trainline reported strong business performance and announced share buybacks. Asian markets traded positively, and Indian benchmarks Sensex and Nifty rose, led by Infosys's announcement of the largest-ever share buyback program. Middle East markets were mixed but generally supported by expectations of a Fed rate cut, despite regional tensions and softer oil prices. Overall, investor confidence is buoyed by inflation figures close to forecasts and a weakening US labor market, reinforcing the anticipation of a Federal Reserve interest rate reduction.