Global stock markets saw a general uptick on Thursday, driven by increasing expectations that the US Federal Reserve will cut interest rates next week and into 2026.
Recent US data fuelled this confidence, notably a report from ADP showing an unexpected loss of 32,000 jobs in November, signalling a weakening US labour market.
As a result, analysts now price in a near-certainty 98 of a Fed rate cut soon, prioritising job support over inflation control.
