Stocks rallied across the globe as the Federal Reserve’s half-percentage-point interest-rate cut reignited investor sentiment. Europe’s Stoxx 600 index advanced as much as 1.3% in early trade on Thursday. US equity futures soared, with a 1.5% gain in S&P 500 contracts putting the underlying benchmark on course to test a record high in the cash market. Nasdaq 100 contracts jumped 2%, fueled by bets of resilient American growth and lower borrowing costs. In geopolitics, more telecom devices, including walkie-talkies, have exploded across Lebanon. The country’s health ministry says the explosions have killed 26 people over two days and wounded more than 3,000. Meanwhile, Israel’s military has declared a new phase in the war and says troops are to be diverted to its northern border.
Today’s guests: Timothy Graf, State Street; Katharine Neiss, PGIM
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:41 – Fed Chair Powell on rates path ahead
00:02:43 – Timothy Graf, State Street
00:04:36 – Fed forecasts show soft landing view
00:08:29 – BOE rate decision due at 12pm UK
00:13:43 – Walkie-talkies explode in new Beirut attacks
00:14:49 – Lebanon says explosions killed 26
00:17:14 – Blinken in Mideast amid explosion attacks in Beirut
00:19:50 – Headlines
00:20:49 – Katharine Neiss, PGIM
00:30:15 – Commerzbank said to speed up CEO succession
00:33:32 – German EV sales slump
00:37:50 – MLIV: Traders eye Japan-US yield spreads
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