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World shares advance after Wall Street gets lift from hopes for Fed rate cut
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....orld shares advance after Wall Street gets lift from hopes for Fed rate cut<BR>PTI News<BR>Dated:- 25-11-2025<BR>PTI<BR>Bangkok, Nov 25 (AP) European and Asian shares mostly gained on Tuesday after US stocks rallied on hopes the Federal Reserve will cut interest rates soon. The futures for the S&P 500 and the Dow Jones Industrial Average slipped 0.1 per cent. Germany's DAX edged 0.1 per cent l....
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....ower to 23,216.76, and the CAC 40 in Paris added 0.1 per cent to 7,965.77. Britain's FTSE 100 likewise gained 0.1 per cent, to 9,542.55. In Asian trading, Tokyo's Nikkei 225 picked up 0.1 per cent to 48,659.52 as a plunge in technology giant SoftBank's shares weighed on the market. It fell 10.3 per cent on concerns that returns from its heavy investments in OpenAI may be threatened by the next g....
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....eneration Gemini artificial intelligence model that Google launched last week. In South Korea, the Kospi gained 0.3 per cent to 3,857.78. Taiwan's Taiex jumped 1.5 per cent. Chinese markets also advanced. In Hong Kong, the Hang Seng climbed 0.7 per cent to 25,894.55, while the Shanghai Composite index jumped 0.9 per cent to 3,870.02. E-commerce giant Alibaba, which was due to report its earn....
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....ings late Tuesday, gained 2.1 per cent in Hong Kong. Australia's S&P/ASX rebounded to edge 0.1 per cent higher, closing at 8,537.00. US markets will be closed on Thursday for the Thanksgiving holiday. A day later, it's on to the rush of Black Friday and Cyber Monday. The US stock market rallied on Monday, at the start of a week with shortened trading because of the Thanksgiving holiday. Th....
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....e S&P 500 climbed 1.5 per cent in one of its best days since the summer. The Dow Jones Industrial Average rose 0.4 per cent, and the Nasdaq composite jumped 2.7 per cent. Stocks got a lift from rising hopes that the Fed will cut its main interest rate again at its next meeting in December, a move that could boost the economy and investment prices. The market also benefited from strength for st....
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....ocks caught up in the artificial-intelligence frenzy. Alphabet, which has been getting praise for its Gemini AI model, rallied 6.3 per cent and was one of the strongest forces lifting the S&P 500. Nvidia rose 2.1 per cent. Monday's gains followed sharp swings in recent weeks, not just day to day but also hour to hour, caused by uncertainty about what the Fed will do with interest rates and wheth....
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....er too much money is pouring into AI and creating a bubble. All the worries are creating the biggest test for investors since an April sell-off, when President Donald Trump shocked the world with his “Liberation Day” tariffs. Despite all the recent fear, the S&P 500 remains within 2.7 per cent of its record set last month. Several tests for the market lie ahead this week. One of the bigges....
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....t will arrive on Tuesday when the US government will deliver data on inflation at the wholesale level in September. Economists expect it to show a 2.6 per cent rise in prices from a year earlier, the same as in August. A higher-than-expected reading could deter the Fed from cutting its main interest rate in December for a third time this year, because lower rates can worsen inflation. Some Fed o....
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....fficials have already argued against a December cut in part because inflation has stubbornly remained above their 2 per cent target. Traders are nevertheless betting on a nearly 85 per cent probability that the Fed will cut rates next month, up from 71 per cent on Friday and from less than a coin flip's chance seen a week ago, according to data from CME Group. In other dealings early Tuesday, ....
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....US benchmark crude oil lost 47 cents to USD 58.37 per barrel. Brent crude, the international standard, shed 49 cents to USD 62.23 per barrel. The dollar fell to 156.30 Japanese yen from 156.91 yen. The euro rose to USD 1.1534 from USD 1.1521. Bitcoin rose 1.6 per cent to USD 86,836. It was near USD 125,000 last month. (AP) SKS SKS<BR> News - Press release - PIB....