GLOBAL MARKETS-Stocks Edge Up on Fed Cut Bets; Euro Firm Ahead of ECB Decision

GLOBAL MARKET - LONDON. Stocks nudged up on Thursday and the euro rose ahead of a European Central Bank monetary policy decision, while investor sentiment was supported by U.S. consumer inflation data that cemented bets for a Federal Reserve interest rate cut next week.

In a busy day for central bank decisions, the Swiss franc weakened after the Swiss National Bank cut rates by half a point, its largest reduction in nearly 10 years, which hit the franc. Markets had priced a good chance of a half-point cut in the run-up to Thursday's meeting.

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