Global Stocks Rise on Bets of Earlier Rate Cuts by Fed, ECB
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World shares gained for a sixth straight session on Monday, helped by last week's bond rally and bets on earlier rate cuts by the Fed and ECB.
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Futures imply a 90% chance the Fed is done hiking rates and could cut as soon as June. Markets see an 80% chance of an ECB rate cut by April.
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Benchmark 10-year Treasury yields fell around 29 basis points last week, the biggest weekly drop since March.
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Central bankers including Fed Chair Powell and ECB speakers have speeches this week that could weigh in on the dovish outlook.
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Hopes for lower rates boosted Asian shares, with South Korea up over 4% as short-selling was re-banned. European shares also rose after their best week since March.