Global stock markets saw a general uptick on Thursday, driven by increasing expectations that the US Federal Reserve will cut interest rates next week and into 2026.
Recent US data fuelled this confidence, notably a report from ADP showing an unexpected loss of 32,000 jobs in November, signalling a weakening US labour market.
As a result, analysts now price in a near-certainty (98%) of a Fed rate cut soon, prioritising job support over inflation control.

Major markets in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong) posted gains.
While the US Dow was marginally higher, the tech-heavy Nasdaq slipped amid high valuations.
Investors remain optimistic about continued easing, though some economists cautioned that any delay in the timing of the cuts could still introduce volatility.
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