Dhara Ranasinghe

Deutsche Boerse's Eurex exchange is eyeing a launch for a futures contract linked to European Union bonds next year, it said on Tuesday.

The United States, Britain and Sweden all cut interest rates this week, even as Donald Trump's U.S. election win introduced a fresh element of uncertainty given the threat of higher tariffs.

The U.S. S&P 500 zoomed past 6,000 points on Friday to a new record while Treasury yields retreated, as investors again cheered Donald Trump's decisive victory, although disappointment about China's latest fiscal support dampened the mood elsewhere.

Bond giant PIMCO said on Wednesday it would stick to its bet on a weakening Chinese yuan given risks of a global trade war and Beijing's stimulus taking time to impact the world's second biggest economy.

HSBC said on Wednesday it now expects the European Central Bank to cut interest rates by 25 basis points at every meeting from October through to April next year given weakening economic data.

World equity markets edged lower on Monday as markets digested the likelihood of U.S. interest rates being lowered soon, even as oil prices jumped amid increased tensions in the Middle East.

A look at the day ahead in U.S. and global markets by Dhara Ranasinghe.

The pound strengthened a touch on Thursday after data showed Britain's economy grew in line with economists' expectations in the second quarter of 2024.

Investors increased their allocations to cash and reduced their overweight position in stocks in August, as expectations for global growth dropped to their lowest in eight months, a BofA survey of fund mangers published Tuesday showed.

Disappointing U.S. jobs data has shaken confidence in a soft landing for the world's largest economy, sending global equity markets tumbling and bets on interest rate cuts surging.