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 remained relatively stable, and US Treasury bonds were on track for their most successful month in three years. Market attention is now focused on upcoming US economic data, including inflation and employment figures, which will provide further insight into the Federal Reserve`s potential actions regarding interest rates. A potential rate cut by the Fed is anticipated to influence interest rate decisions in Asian nations like Indonesia and India.