Investor Optimism Soars Amid Anticipated Fed Rate Cuts

Global stocks rallied as investors anticipated a potential Federal Reserve rate cut in December, amidst a week filled with significant economic data releases. European stocks mirrored gains, while geopolitical tensions influenced oil prices. Focus also remained on currency markets, where the yen faced pressure.

Global stocks surged at the start of the week, buoyed by expectations of a Federal Reserve rate cut in December. Investors are closely watching upcoming U.S. retail sales and producer price data, alongside Britain's upcoming budget announcement.

Geopolitical dynamics, particularly U.S.-Ukraine negotiation efforts with Russia, have also impacted markets, notably oil prices. This backdrop has resulted in European stocks catching up with Wall Street's positive momentum, even as defense share values dipped amidst rising tech and banking shares.

In the currency market, the yen remains under pressure, while traders speculate about potential intervention by Japanese authorities. Meanwhile, commodities like Brent crude experienced a slight decline.

(With inputs from agencies.)