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U.S. stocks moved closer to reaching their highest levels on Monday, as the S&P 500 ended just below its previous record set last week. The market’s positive momentum was driven by expectations of a slowdown in inflation, potentially leading to interest rate cuts by the Federal Reserve.
Market Optimism
In Asia, shares had a mixed start to the week, influenced by China’s report of a 4.7% annual pace of economic growth in the last quarter, which was lower than expected. This news contributed to cautious trading in the region.
The market’s optimism about potential rate cuts was reflected in the 10th winning week out of the last 12.
Global Market Performance
U.S. stocks moved closer to reaching their highest levels on Monday, as the S&P 500 ended just below its previous record set last week. The market’s positive momentum was driven by expectations of a slowdown in inflation, potentially leading to interest rate cuts by the Federal Reserve.
- U.S. stocks moved closer to reaching their highest levels on Monday
- The market’s positive momentum was driven by expectations of a slowdown in inflation
- The market’s optimism about potential rate cuts was reflected in the 10th winning week out of the last 12
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