Global Market Stays Strong Amid Fed's Interest Rate Cut

The global stock market sustained its momentum, poised to extend gains for a fifth consecutive session, after the U.S. Federal Reserve's recent policy shift impacted investor sentiment. The decision to cut interest rates and halt the quantitative tightening process has bolstered confidence across markets.

While major U.S. stock indices reached new highs, driven by de-escalating trade tensions between the U.S. and China and an anticipated Fed rate cut, investors remained focused on upcoming earnings reports from key players like Microsoft, Alphabet, and Meta. Nvidia's $5 trillion valuation milestone marked a notable market event alongside a foreseeable layoff trend among prominent companies.

Concerns over limited data accuracy due to the government shutdown persisted, as stakeholders await statements from Fed Chair Jerome Powell for clear guidance on future monetary policy and quantitative tightening adjustments. Meanwhile, global currencies fluctuated, and geopolitical developments, such as U.S.-South Korea trade negotiations, drew attention.