The slower inflation rate has led to heightened speculation that the Federal Reserve may implement a rate cut in its upcoming meeting, boosting investor sentiment.
The report added that China’s inflation figures, reflecting a cooling economic environment, have further contributed to market optimism.
The anticipated Fed rate cut has impacted global equities, with the U.S. S&P 500 and National Association of Securities Dealers Automatic Quotation System indices rising by 3.8 per cent and 5.7 per cent respectively.
Afrinvest analysts suggested that a potential rate cut could provide additional liquidity to global markets and support economic growth, reinforcing bullish trends in stock markets worldwide.
Subscribe our newsletter to stay updated
Thank you for subscribing!
Subscribe our newsletter to stay updated
Thank you for subscribing!
