New Delhi, August 25 (HS): Global equities are flashing strong positive signals at the start of the week, buoyed by a rally in U.S. and European indices and widespread gains across Asia. The bullish sentiment has been fueled by U.S. Federal Reserve Chair Jerome Powell’s remarks indicating the possibility of interest rate cuts beginning as early as next month.
Wall Street ended the previous session sharply higher, with strong buying momentum lifting major benchmarks. The S&P 500 surged 96.74 points, or 1.52%, to close at 6,466.91, while the Nasdaq jumped 396.22 points, or 1.88%, to settle at 21,496.53. Futures trading, however, showed a slight pause, with Dow Jones futures down 0.07%, at 45,599.16 during early Monday deals.
European markets also wrapped up the last session firmly positive. The FTSE gained 0.13% to 9,321.40, the CAC advanced 0.39% to 7,969.69, and Germany’s DAX climbed 0.29% to 24,363.09.
The upbeat mood extended into Asia, with all nine major regional indices opening firmly in the green. The GIFT Nifty traded 0.30% higher at 24,954, while Singapore’s Straits Times rose 0.15% to 4,259.50. Taiwan’s Weighted Index staged a powerful rally, soaring 590.78 points, or 2.49%, to 24,355.25.
In Hong Kong, the Hang Seng jumped 538.86 points, or 2.13%, to 25,878, and South Korea’s KOSPI was up 1.13% at 3,204.46. Indonesia’s Jakarta Composite climbed 1.01% to 7,938.25, while China’s Shanghai Composite rose 0.86% to 3,858.59. Thailand’s SET Composite advanced 0.78% to 1,263.16, and Japan’s Nikkei gained 104.71 points, or 0.25%, to 42,738.
The synchronized global momentum suggests investor optimism is firmly anchored on the prospects of a dovish Fed pivot, setting the stage for a strong trading week across key markets.
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Hindusthan Samachar / Jun Sarkar
