European and US futures rose alongside Asian stocks, following a buoyant session on Wall Street amid bets the Federal Reserve will soon signal it’s ready to start cutting interest rates.
MSCI’s all-country stock index headed for a ninth day of increases — the longest run of gains since December. Shares advanced in Japan, South Korea and Australia while those in China slipped. Euro Stoxx 50 and US futures rose, while Treasury 10-year yields were steady.
The bullish momentum was fueled by an upbeat mood in the US, where the S&P 500 climbed for an eighth straight day. A gauge of Asian currencies touched the highest since January, while oil extended the biggest drop in two weeks as the US said Israel accepted a cease-fire proposal in Gaza.
Bets for imminent Fed easing are propping up equity markets, with investor allocations still robust despite…
