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World shares are mixed as traders pin hopes on rate cut by Fed
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....orld shares are mixed as traders pin hopes on rate cut by Fed<BR>PTI News<BR>Dated:- 24-11-2025<BR>PTI<BR>Bangkok, Nov 24 (AP) World shares and US futures were mixed on Monday after Wall Street was buoyed by revived hopes for an interest rate cut by the Federal Reserve. The future for the S&P 500 was up 0.2 per cent while that for the Dow Jones Industrial Average was nearly unchanged. Germany'....
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....s DAX gained 0.5 per cent to 23,201.85, while the CAC 40 edged less than 0.1 per cent lower to 7,978.77. Britain's FTSE 100 inched up 0.1 per cent to 9,547.77. Markets in Japan were closed for a holiday. Hong Kong's benchmark, the Hang Seng, rose 2 per cent to 25,716.50. It got a boost from a 4.7 per cent gain for e-commerce giant Alibaba, which has reported strong demand for its updated Qwen ....
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....AI app. Alibaba is due to report earnings on Tuesday. The Shanghai Composite index rose less than 0.1 per cent to 3,836.77. Australia's S&P/ASX 200 gained 1.3 per cent to 8,525.10. In South Korea, the Kospi reversed early gains, falling 0.2 per cent to 3,846.06 on heavy selling of automakers. Taiwan's Taiex added 0.3 per cent, and the Sensex in India shed 0.4 per cent. This week, US mark....
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....ets will be closed on Thursday for the Thanksgiving holiday, which will be followed by the Black Friday and Cyber Monday retail rushes. After last week's ups and downs over AI and Nvidia, traders will focus more on “the backbone of US growth, the consumer, whose spending still drives two-thirds of GDP,” Stephen Innes of SPI Asset Management said in a commentary. Data on the US economy was ....
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....scarce during the 6-week US government shutdown, leaving investors struggling to parse trends in the economy. “This makes any sniff of holiday activity — foot traffic, discount depth, card authorisations — disproportionately important. In a data desert, even a puddle looks like a lake,” he said. On Friday, the S&P 500 gained 1 per cent and the Dow climbed 1.1 per cent. The Nasdaq compo....
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....site rose 0.9 per cent. Nearly 90 per cent of stocks in the S&P 500 advanced. It was a fitting finish for a week that left the S&P 500 just 4.2 per cent below its record but also forced investors to stomach the sharpest hour-to-hour swings since a sell-off in April. The jarring moves are testing investors following a monthslong and remarkably smooth surge for stocks, and they come down to two ba....
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....sic as-yet unanswered questions. Have prices for Nvidia, Bitcoin and other stars of Wall Street shot too high? Is the Federal Reserve done with its cuts to interest rates, which would boost the economy and prices for investments? Markets took heart from a speech by the president of the Federal Reserve Bank of New York, John Williams, who told a conference in Chile that he sees “room for a fu....
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....rther adjustment” to interest rates. Other Fed officials have argued against a December cut, saying inflation is still too high. In the bond market, Treasury yields eased on Friday on hopes for cuts from the Fed. Traders are now betting on a nearly 72 per cent probability of a December cut, up sharply from 39 per cent a day before, according to data from CME Group. That helped send the yield....
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.... on the 10-year Treasury to 4.06 per cent from 4.10 per cent late Thursday. In other dealings early Monday, US benchmark crude oil lost 43 cents to USD 57.63 a barrel. Brent crude, the international standard, gave up 38 cents to USD 61.56 a barrel. The US dollar rose to 156.75 Japanese yen from 156.47 yen. The euro climbed to USD 1.1537 from USD 1.1516. Bitcoin was up 1.6 per cent, near USD ....
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....86,000. On Friday, it briefly plunged below USD 81,000 before pulling back toward USD 85,000. That's down from nearly USD 125,000 last month and brought it back to where it was in April, when markets were shaking because of President Donald Trump's higher tariffs. (AP) SKS SKS<BR> News - Press release - PIB....