Global Stocks Surge on Soft Landing Hopes and Rate Cut Expectations

Global stocks are nearing a four-month winning streak due to optimism about the US economy avoiding a severe downturn and the potential for interest rate reductions. Positive earnings reports and a strong yuan boosted Chinese shares, while other Asian markets also saw gains. The US dollar held steady, and Treasury bonds were on track for their most successful month in three years. Investors are anticipating a Federal Reserve rate cut, fueled by data suggesting controlled inflation and steady economic growth. Focus now shifts to upcoming US employment figures, which will provide further insight into the Fed`s likely course of action regarding interest rates.