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GLOBAL STOCKS SET FOR MODEST GAINS, HINGING ON SERIES OF RATE CUTS

  • NEWS Desk Global
  • Aug 21, 2024
  • 1 min read



Global stocks will brush aside recent market turmoil and gain modestly from current levels in coming months, amid rising expectations major central banks are set for a series of interest rate cuts.

Unwinding of large leveraged positions funded in Japanese yen and recent weaker U.S. jobs data sent equity markets into a tailspin in early August, causing the global MSCI index to plummet about 9% from an all-time high set in mid-July.

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