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The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks poised to add to the strong gains posted last week. The markets may continue to benefit from recent upward momentum, which lifted the major averages to new record highs last week.
Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from global markets overnight, on renewed optimism over the outlook for interest rates, with traders growing increasingly confident about a rate cut in the coming months and largely eliminating short-lived concerns the US Fed might actually consider raising rates.
Bets that the Federal Reserve will cut interest rates later in 2024 and safe-haven demand keep metal steady
Investors are in a cautious mood ahead of the US nonfarm payrolls data that may provide cues on the Federal Reserve’s rate cut timeline
Bitcoin whales step up buying as a BTC price recovery sees $62,000 return on U.S. jobs data.