Global Markets on Edge as Investors Anticipate Fed Rate Decision

World stocks maintained near-record highs on Monday as Wall Street futures cautiously edged up. Investors await business activity surveys that may influence the Federal Reserve's decision on further rate cuts. Mixed economic signals leave markets uncertain about the U.S. economy's health and future global monetary policies.

World stocks hovered close to record highs on Monday, while Wall Street futures nudged up ahead of business activity surveys that could impact the Federal Reserve's rate cut decisions.

MSCI's broad world stock gauge remained steady after two weeks of gains. U.S. stock indices futures rose by about 0.2%. The S&P 500 recently hit all-time highs following a significant rate cut by the Fed.

Investors remain divided on whether the global monetary easing is too late to prevent a slowdown or U.S. recession. This week is heavy with economic data including consumer confidence, durable goods orders, and the core personal consumption expenditures index, which is the Fed's preferred inflation gauge.