‘Rally within a tight framework’ theme in global markets
As the US interest rate cut expectations for this year are gradually postponed, the growth theme will move stocks up, according to stock optimistic analysts.
Asian stocks started the week with a rise after US indices recorded their best weekly rally of 2024. While Hong Kong and Chinese markets lead the rally, the Hang Seng index remains close to the bull market.
After gains exceeding 1 percent on Friday, American stock futures started the week on a positive note. S&P 500 futures are in the upside.
The dollar is declining against developed country currencies. Bloomberg Dollar Index is at 1,260 points, down 0.3 percent. American bonds were not traded because Japanese markets were closed.
Oil prices are declining slightly as US Secretary of State Antony Blinken visits the Middle East with a final attempt at a Gaza ceasefire.