💨 Abstract

Global stocks rose 1% on Tuesday, with tech shares leading the way, as traders awaited President-elect Trump's cabinet selection and assessed the outlook for U.S. interest rates. bond yields and the dollar were subdued, with markets reducing bets for a rate cut by the Federal Reserve in December. Trump's proposed fiscal spending, higher tariffs, and immigration policies are seen as potentially inflationary, which could impede rate cuts.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖