Benchmark indexes were up in Australia and Japan, and US futures advanced slightly.
US futures were little changed after the S&P 500 closed 1.1% higher Wednesday, while the tech-heavy Nasdaq 100 rose 2.2%. Nvidia Corp. gained 8.2% as chipmakers rallied
Shares around the world have risen sharply in the last two months of the year as benchmark bond yields fell on expectations of central bank rate cuts in 2024.
Marks emphasised that ‘investors today can get fetch equity-like returns from investments in credit’ as accommodative policies take a step back.
Aeroplane metaphors do little to disguise the fact that central bankers are struggling with the inflationary overshoot
Trade tensions between the world's two largest economies escalated last year, putting global stock markets on edge. The US announced tariffs on USD 250 billion worth of Chinese goods, while China countered with its own.
Global stock markets are on their shakiest footing in years.
The slump in global equity markets today can be attributed to the bouts of weakness persisting in emerging markets -- particularly China, where worse-than-expected PMI data seemed to be confirming the worst.