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Global stocks rebound as Fed rate-cut expectations rise
Markets rally worldwide on growing hopes for a Fed rate cut and rising investor risk appetite.
Global equity markets climbed as investors ramped up expectations of a December-rate cut by the Federal Reserve, reflected in a 57 % probability priced into futures. The U.S. dollar held steady, while the yen weakened sharply amid intervention concerns. Analysts noted that improving risk appetite may support continued upside in equities if inflation and labour data align with a dovish Fed pivot.