US Stocks Rise Ahead of Fed Meeting

US stock markets showed a cautious upward trend as investors anticipate a potential 25 basis point rate cut from the Federal Reserve in its upcoming meeting. Bitcoin surged past $106,000, largely influenced by President-elect Trump's proposal for a bitcoin reserve, reflecting a shift in investor sentiment. Meanwhile, MicroStrategy's stock rose significantly after its addition to the Nasdaq 100 index, contrasting with declines in other tech stocks such as Super Micro Computer. Global markets faced pressure from disappointing retail data in China and a contraction in the eurozone's private sector, while US Treasury yields fell, affecting currency dynamics. Indian stock markets also experienced slight declines, mirroring global trends, as they await the Fed's decisions this week. Analysts predict that the Fed's commentary will heavily influence future rate cut expectations and market movements.