GLOBAL MARKETS-Stocks Firm, Dollar Sags as Market Ups Bets on Big Fed Cut

September 16, 2024, 03.06 PM | Source: Reuters
GLOBAL MARKETS-Stocks Firm, Dollar Sags as Market Ups Bets on Big Fed Cut

ILUSTRASI. A trader works inside a booth, as screens display a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 1, 2024. REUTERS/Stefan Jeremiah

GLOBAL MARKET - LONDON. Global stocks edged up for a sixth day on Monday, in a week that is almost certain to see the start of an easing cycle in the United States that investors believe may begin with an outsized move.

Central banks in Japan and the UK also meet this week, with both expected to stand pat for now, while a packed data schedule includes U.S. retail sales and industrial production.

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