💨 Abstract

Global stocks reached a record high on Friday due to China's stimulus boost and expectations of a large interest rate cut by the Federal Reserve. US inflation data slightly exceeded expectations, increasing the likelihood of a 50 basis points cut in November. The S&P 500 was slightly lower, while U.S. Treasury yields dropped. China's blue-chip index surged, and Europe's STOXX 600 hit a record high.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖