Despite worries about the profitability of technology businesses, global equities surged today, Thursday, as American futures recovered. At the same time, the Hong Kong index increased for a second day.
According to Bloomberg, the global market index is on track to post gains for a fifth straight day, marking the longest streak of advances in more than two months, as expectations for interest rate cuts in the US rise.
After President Xi Jinping emphasised his hold on power, Hong Kong’s height drove to further erosion of the losses it sustained earlier this week, while Japanese equities led the falls in Asia.
The yen rose by 0. 7% to about 145. 30 against the dollar, extending to more than 4% of the lowest level in three decades that reached Friday, while the dollar settled after a two -day decrease, and the external yuan abandoned some of its gains on Wednesday.
As profits and economic data point to a slowdown, and as the main return of the United States fell by more than 20 points Basis over the past two days, investors were willing to raise interest rates, which made the return on treasury bonds for 10 years settle around 4% after it decreased slightly below the minimum earlier.
The increase in shares on global markets despite bets to lower the rates of increasing American interest rates
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