GLOBAL MARKETS-Stocks rise, dollar wilts as investors strap in for Fed rate cut
Global stocks rose as investors anticipate a Fed rate cut, weakening the dollar and boosting gold. European stocks gained, driven by mining shares, while Japanese bonds sold off amid BOJ rate-hike signals. The yen strengthened, impacting carry trades. Copper hit record highs, and the dollar index fell. The Fed's expected rate cut and BOJ's potential hike are key focus areas, with upcoming U.S. PCE data influencing decisions. Treasury yields steadied, and commodities like gold and silver rose.
