Global Stocks Rise on Optimism Over Rate Cuts and Steady Gold: Amid a wave of optimism sweeping global financial markets,

major stock indices posted notable gains,

driven by expectations of interest rate cuts and stability in gold prices.

Japan’s Nikkei index reached an unprecedented record high,

while European markets continued to climb, supported by falling bond yields and stable inflation rates.

At the same time, gold prices held steady as investors awaited an upcoming international meeting,

alongside U.S. economic data that strengthened bets on an imminent Federal Reserve rate cut next month.

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Global Markets

Global markets were positive on Wednesday as Japan’s Nikkei index

broke above the 43,000-point mark for the first time in its history,

buoyed by substantial gains on Wall Street during Tuesday’s session.

This pushed the index to extend its winning streak for a sixth consecutive session,

rising 1.4% to 3,309.62 points. The broader Topix index gained 1% to an all-time high of 3,097.94 points.

Stock indices opened higher in Europe, with the Stoxx Europe 600 up 0.4% to 550 points,

supported by a decline in government bond yields in Germany, Italy, and the United Kingdom.

The German DAX climbed 0.5%, France’s CAC 40 added 0.3%, and the UK’s FTSE 100 gained 0.25%.

This came as investors evaluated economic data showing

Germany’s annual inflation rate remained at 2% for the second month.

December gold futures were steady at $3,399.50 per ounce in the precious metals market,

while spot gold increased 0.1% to $3,351.07. Investors are awaiting an upcoming meeting

between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska

this Friday to discuss possible solutions to end the war in Ukraine.

Silver futures rose 0.65%, platinum fell 0.15%, and palladium gained by the same margin.

These moves in global markets follow U.S. inflation data showing that the Consumer Price Index rose 0.2% in July,

with the annual rate holding steady at 2.7%.

This has bolstered expectations that the Federal Reserve may indeed move to cut interest rates next month,

boosting risk appetite in global equity markets.

Global Stocks Rise on Optimism Over Rate Cuts and Steady Gold

Global Stocks Rise on Optimism Over Rate Cuts and Steady Gold