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Renewed rate cut hopes triggered by the unexpected decline in services PMI in the U.S. supported market sentiment despite lingering anxiety ahead of the crucial job market update and cautious statements from Fed officials.
'It's a no-brainer to use low-cost index funds for your core portfolio. You can complement that with other funds, but the core should be passive funds,' Kamath advises investors
Market reaches new high after the UK-based FTSE announces decision to retain Pakistan in 'secondary emerging markets'
The FTSE and European stocks were higher on Thursday despite official figures confirming that the UK fell into a recession in the second half of 2023.
Sentiment oscillated between rate cut expectations and inflation anxieties even as markets continued an anxious wait for the PCE-based inflation readings from U.