Global equities held firm, buoyed by expectations of faster Federal Reserve rate cuts and a return of risk appetite, with Bitcoin surging. Markets anticipate a year-end rally, supported by a positive macro outlook and decent corporate earnings. Tech shares led gains in Asia, while German equities rose on takeover interest.
Global Market Today: Asian stocks waver as oil gains fuel inflation, rate concerns
Government bonds in Japan, Australia and New Zealand retreated, following declines in Treasuries during the New York session. Weak demand at a $70 billion sale